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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report -- October 23, 1996
YOUTH SERVICES INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Maryland 0-23284 52-1715690
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(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
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2 Park Center Court, Suite 200, Owings Mills, Maryland 21117
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(Address of principal executive offices) (Zip Code)
(410) 356-8600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former Address)
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On September 25, 1996, the Registrant filed a Current Report on Form
8-K to report its exercise of its option, pursuant to an Option Agreement, to
purchase all of the outstanding capital stock of Introspect Healthcare
Corporation. The audited financial statements for the year ended June 30,
1996, and the pro forma consolidated financial statements required by Item 7 of
Form 8-K were not available at the time of the original filing. On October 17,
1996, the Registrant filed Form 8-K/A to amend the original filing to include
the audited financial statements and pro forma information listed in Item 7
thereof. This Form 8-K/A amends the Form 8-K/A filed on October 17, 1996, to
include the related Consent of Independent Public Accountants in Item 23
hereof.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description of Exhibits
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2.1 Option Agreement, dated as of June 30, 1995,
by and among Youth Services International,
Inc., Diversification Association, Inc.,
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Introspect HealthCare Corporation, Desert
Hills Center for Youth and Families of
Nevada, Inc., Ocotillo Pediatric Services,
Inc., Desert Hills Center for Youth and
Families, Inc., Desert Hills Center for Youth
and Families of Hawaii, Inc., Anna Ash,
William Ash, Manuel G. Bracamonte, Tamatha
Bracamonte, Donald V. Campbell, Mary K.
Campbell, Donna Heidinger, Guy W. Heidinger,
Daniel R. Lopez, Nancy Lopez, Elizabeth
McCusker, Fletcher J. McCusker, Judy McKee,
and Michael McKee.*
2.2 Option Exercise Agreement, dated as of
September 11, 1996, by and among Youth
Services International, Inc., Diversification
Association, Inc., Introspect HealthCare
Corporation, Desert Hills Center for Youth
and Families of Nevada, Inc., Ocotillo
Pediatric Services, Inc., Desert Hills Center
for Youth and Families, Inc., Desert Hills
Center for Youth and Families of Hawaii,
Inc., Anna Ash, William Ash, Manuel G.
Bracamonte, Tamatha Bracamonte, Donald V.
Campbell, Mary K. Campbell, Donna Heidinger,
Guy W. Heidinger, Daniel R. Lopez, Nancy
Lopez, Elizabeth McCusker, Fletcher J.
McCusker, Judy McKee, and Michael McKee. **
The Exhibits to the Option Exercise Agreement
have been omitted from this filing. The
Company hereby undertakes to furnish these
materials to the Securities and Exchange
Commission upon request.
7.1 Audited Financial Statements of Introspect
Healthcare Corporation and Subsidiaries as of
and for the year ended June 30, 1996.**
7.2 Pro Forma Consolidated Statement of Income
for the year ended June 30, 1996, and Pro
Forma Consolidated Balance Sheet as of June
30, 1996.**
23.1 Consent of Arthur Andersen LLP
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* Incorporated by reference to the Company's Current Report on Form 8-K
dated July 19, 1995 (as filed with the Commission on August 3, 1995).
The Exhibits to the Option Agreement (which contain certain information
called for by the terms of the representations and warranties contained
in the Option Agreement) were omitted from such Form 8-K and this
filing. The Company hereby undertakes to furnish these materials to
the Securities and Exchange Commission upon request.
** Previously Filed.
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YOUTH SERVICES INTERNATIONAL, INC.
S I G N A T U R E
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.
YOUTH SERVICES INTERNATIONAL, INC.
By: /s/ William P. Mooney
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William P. Mooney
Chief Financial Officer
Date: October 23, 1996
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CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference of our report dated September 6, 1996 (except with respect to the
matter discussed in Note 11 to the consolidated financial statements, as to
which the date is September 11, 1996) on the consolidated financial statements
of Introspect HealthCare Corporation and Subsidiaries as of June 30, 1996 and
for the year then ended included in Youth Services International Inc.'s amended
Form 8-K (Commission File No. 0-23284) into Youth Services International,
Inc.'s previously filed Registration Statement File Nos. 333-07517, 33-99500,
33-99498, 33-93880, 33-84934, 33-84938, 33-84672, 33-83726 and 33-83724.
Tuscon, Arizona,
October 15, 1996
