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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934,
AS AMENDED
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 6, 1998
IATROS HEALTH NETWORK,INC.
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(Exact Name of Registrant as specified in its charter)
DELAWARE 0-20345 23-2596710
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification Number)
10 PIEDMONT CENTER, SUITE 400
ATLANTA, GEORGIA 30305
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER: (404) 266-3643
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Item 4.
(a) The Registrant had engaged Ernst & Young, LLP., Atlanta ("Ernst & Young") as
its new independent public accountants on April 25, 1997. Ernst & Young had not
to date begun an audit of the Registrant. On December 23, 1997, the Registrant
announced the signing of a letter of intent to be acquired by NewCare, Inc.
(NASDAQ: NWCA) of Atlanta, Georgia. In recognition of this pending transaction
and anticipated audit efficiencies that could not be achieved in transitioning
to Ernst & Young, the President/Chief Executive Officer and Executive Vice
President/Chief Financial Officer recommended to the Board of Directors that
Ernst & Young be dismissed and the Registrant's prior auditors (Asher & Company,
Ltd.("Asher")) be engaged to complete the 1997 audit. The Board approved these
recommendations.
(b) On January 6, 1998 management notified Ernst & Young of their dismissal as
the Company's independent accountants. During the eight months of its
engagement, there were no disagreements with Ernst & Young on any matter of
accounting principles or practices, financial statement disclosure or auditing
scope or procedures which disagreement(s) would have caused Ernst & Young to
make reference to the subject matter of the disagreement(s) in connection with
this report.
(c) The Registrant engaged Asher as its new independent accountants on
January 9, 1998.
(d) The Registrant previously filed a Form 8-K dated May 1,1997 reporting the
dismissal of Asher & Company, Ltd. and the engagement of Ernst & Young LLP on
April 25, 1997 as its independent auditors. That Form 8-K is incorporated by
reference.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro-forma financial information.
Not applicable.
(c) Exhibits
16.1 Letter from Ernst & Young LLP dated January 13, 1998 addressed to
the Securities and Exchange Commission regarding the change in
certifying accountants.
16.2 Current Report on Form 8-K dated May 1, 1997 with letter from
Asher & Company, Ltd. dated May 1,1997 addressed to the Securities and
Exchange Commission regarding the change in certifying accountants.
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Exhibit 16.1 to FORM 8-K
January 13, 1998
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, D.C. 20549
Gentlemen:
We have read Item 4 of Form 8-K dated January 13, 1998 of Iatros Health
Network, Inc. and are in agreement with the statements contained in the
first two sentences of paragraph 4(a) and the statements contained in 4(b)
and 4(d) therein. We have no basis to agree or disagree with other
statements of the registrant contained therein.
ERNST & YOUNG LLP
