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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): June 26, 2000
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LINCARE HOLDINGS INC.
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DELAWARE 51-0331330
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
19337 US 19 NORTH, SUITE 500,
CLEARWATER, FL 33764
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (727) 530-7700
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
The Registrant reports the following acquisition to inform its security
holders:
Pursuant to an Asset Purchase Agreement, the Registrant's wholly
owned subsidiary, Lincare Inc., a Delaware corporation (the "Subsidiary"),
consummated on June 28, 2000, through arm's-length negotiations, the acquisition
of substantially all of the business and assets of United Medical, Inc.
("United Medical"), an Arkansas corporation. The acquisition will be accounted
for as a purchase. The purchase price was approximately $120,951,000.00
consisting of approximately $115,951,000.00 in cash at closing and $5,000,000.00
payable, without interest, six months after the closing date. The cash portion
of the purchase price paid at closing was funded through an existing credit
facility with a consortium of financial institutions headed by Bank of America,
N.A.
United Medical had operated a home health care business in nine states
including Alabama, Arkansas, Mississippi, Missouri, North Carolina, Oklahoma,
Tennessee, Texas and Virginia, and the Registrant, through its Subsidiary,
intends to use the acquired assets to continue to operate the home health care
business.
ITEM 5. OTHER EVENTS
See Exhibit 5.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS. The exhibits filed as part of this Report are
listed in the Index to Exhibits immediately following the
signature page.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly ceased this Report to be signed on its behalf by the
undersigned thereunto duly authorized.
LINCARE HOLDINGS INC.
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Registrant
/s/ Paul G. Gabos
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Paul G. Gabos
Secretary, Chief Financial Officer
and Principal Accounting Officer
Date: July 11, 2000
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EXHIBIT INDEX
EXHIBIT
NO.
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2.1 Asset Purchase Agreement dated June 28, 2000 among United Medical,
Inc., its stockholders named therein, and Lincare Inc.
2.2 Press Release dated June 28, 2000.
5.1 Press Release dated June 26, 2000.
