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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 29, 1999
Curative Health Services, Inc.
(Exact name of registrant as specified in its charter)
Minnesota 000-19370 41-1503914
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
150 Motor Parkway Hauppauge, NY 11788-5145
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (516)232-7000
NOT APPLICABLE
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
The Company and its officers and directors have been named as defendants in
three class actions pending in the U.S. District Court for the Eastern District
of New York alleging securities fraud claims under the Securities Exchange Act
of 1934. The three securities class action cases follow the disclosure on April
9, 1999 that the U.S. Department of Justice had joined in a "whistleblower"
lawsuit charging the Company with Medicare fraud. The Plaintiffs essentially
are asserting that the Company materially overstated its earnings by knowingly
failing to disclose its purportedly improper contractual charges to hospitals.
The Company, itself, is neither a provider nor a supplier participating in the
Medicare program. The Company has entered into contracts with more than 170
hospitals for its services in managing Wound Care Centers. The Company believes
its charges, to the hospitals, are fair market value for the services
that it furnishes.
The Company will defend itself vigorously in the securities class actions. The
Company believes that it has made appropriate and timely disclosure concerning
the facts, which are the subject of the "whistleblower" lawsuit.
Item 7. Financial Statements and Exhibits.
(a)(b) No financial statements or proforma financial information
filed herein.
(c) No exhibits are filed as part of this Report.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Curative Health Services, Inc.
(Registrant)
Date: April 29, 1999 By: /s/ John C. Prior
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John C. Prior
Senior Vice President/Finance and CFO
