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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 17, 2000
U.S. HOMECARE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
New York 0-19240 13-2853680
(State or Other Jurisdiction of (Commission File No.) (IRS Employer
Incorporation) Identification Number)
Two Hartford Square West, Suite 300, Hartford, CT 06106
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (860) 278-7242
Not Applicable
(Former name or former address, if changed since last report)
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
U.S. HOMECARE CORPORATION
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(Registrant)
April 17, 2000 By: /s/ Sophia Bilinsky
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Sophia Bilinsky
President and
Chief Executive Officer
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ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant, issued on April
17, 2000, which is incorporated herein by this reference. A copy of the press
release is attached to this Form 8-K as Exhibit 99.1
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FOR IMMEDIATE RELEASE Contact: Sophia V. Bilinsky
Chief Executive Officer
U.S. HomeCare Corporation
(914) 946-9601
Jay C. Huffard
Chairman
U.S. HomeCare Corporation
(203) 661-3405
U.S. HomeCare Corporation Makes Announcement
HARTSDALE, N.Y. - (BUSINESS WIRE) - April 17, 2000 - U.S. HomeCare Corporation,
(OTC-USHO) confirmed today that it's Agent Bank, Chase Manhattan Bank, completed
foreclosure on the assets of the Company's New York Licensed and Connecticut
businesses. The Agent Bank is scheduled to foreclose on the assets of the
Company's Pennsylvania business on April 28, 2000. The Agent Bank expects to
make a decision this week on when it will foreclose on the Company's remaining
assets of the Upstate New York business.
As announced on March 22, 2000, the Agent Bank has a security interest in 100%
of U.S. HomeCare's assets. As a result of the Company's continuing defaults on
its secured indebtedness, the banks have taken the above-described actions.
Simultaneous with the asset foreclosure, U.S. HomeCare will cease to operate.
The Company's Board of Directors and its CEO, Sophia V. Bilinsky have resigned.
There will be no further filings made with the Securities and Exchange
Commission or other press releases issued by U.S. HomeCare from this point
forward.
U.S. HomeCare provided services in New York, Connecticut, and Pennsylvania.
This press release contains forward-looking statements. All forward-looking
statements involve risks and uncertainties.
