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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number 33-80731
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period Ended: June 30, 1996
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[ ] Transition Report on Form 10-K [ ]Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ]Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I. REGISTRANT INFORMATION
Full name of registrant PHYSICIAN SUPPORT SYSTEMS, INC.
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Former name if applicable
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Address of principal executive office (Street and number)
Route 230 and Eby-Chiques Road
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City, State and Zip Code Mt. Joy, Pennsylvania 17552
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PART II. RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
[ X ] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[ X ] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
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[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III. NARRATIVE
Physician Support Systems, Inc. ("PSS") acquired three companies during
the quarter ended June 30, 1996. In one of these acquisitions, PSS acquired all
of the outstanding shares of common stock of Synergistic Systems, Inc. ("SSI")
on June 28, 1996, which transaction is being accounted for as a pooling of
interests. As a result of the pooling transaction with SSI, the previously filed
consolidated financial statements for PSS must be restated for all periods
required to be presented in PSS's Quarterly Report on Form 10-Q for the quarter
ended June 30, 1996. For this reason, PSS has been unable to complete its Form
10-Q without unreasonable effort on or before August 14, 1996.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
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David S. Geller, Senior Vice President and Chief Financial Officer (717) 653-5340
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(Name) (Area code) (Telephone number)
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(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[ X ] Yes [ ] No
PSS expects to report that there was a significant change in its results
of operations for the quarter ended June 30, 1996 from the corresponding quarter
in 1995. PSS has previously announced that its revenues for the quarter ended
June 30, 1996 were $10,337,432, representing a 39% increase over its revenues of
$7,431,197 for the quarter ended June 30, 1995. Most of this increase was due to
the addition of the businesses referred to in Part III of this Report. As
previously announced, PSS incurred a one-time charge during the quarter ended
June 30, 1996 related to a limited restructuring of its operations at Spring
Anesthesia Group, Inc., its wholly owned subsidiary in Stockton, California, and
to the write-off of certain computer hardware and software at SSI. Including
this one-time charge, PSS's net loss for the quarter ended June 30, 1996 was
$(2,330,862), compared with a net loss of $(184,239) for the quarter ended June
30, 1995.
PHYSICIAN SUPPORT SYSTEMS, INC.
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(Name of registrant as specified in charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date August 15, 1996 By/s/ David S. Geller
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David S. Geller
Senior Vice President and Chief
Financial Officer
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
