FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 3, 1998
THC HOMECARE, INC.
(Exact name of registrant as specified in its charter)
Utah 1-11534 48-1092064
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
3261 S. Highland Drive, Suite 613, Las Vegas, Nevada 89109
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 796-1016
<PAGE>INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
Monthly Financial Information. The Company is required to file
unaudited monthly financial statements with the Bankruptcy Court. Such
financial statements for the period from September 1 to September 30, 1997,
("Financial Statements") are attached hereto as Exhibit 28.1 are
incorporated herein by reference. The Financial Statements are filed with
the Bankruptcy Court on a limited informational basis, are unaudited, and do
not include all of the information and disclosures required by generally
accepted accounting principles for complete financial statements. The results
of operations for the Financial Statements are not necessarily indicative of
results of operations for a full year.
Item 7. Financial Statements and Exhibits.
Exhibits
See the Index to Exhibits which is incorporated herein by reference.
<PAGE>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 hereunto duly authorized.
THC HOMECARE, INC.
By: /s/ Robert Rackham
Robert Rackham, CEO
Date: March 2, 1998
<PAGE>INDEX TO EXHIBITS
Exhibit No. Description of Exhibits
28.1 Unaudited financial statements of the Company Filed Herewith
for the period from September 1 to September 30,
1997, as filed with the Bankruptcy Court on
March 2, 1998
<TABLE>
<PAGE>
THC HOMECARE (CONSOLIDATED)
BALANCE SHEET
SEPT. 30, 1997
<CAPTION>
ASSETS
<S>
CURRENT ASSETS: <C> <C>
Cash 1,477,822.04
Trade Accounts Receivable 0.00
Inventories (Net) 0.00
Curr Portion Note Receivable 0.00
Curr Prtn N/R Related Party 0.00
Prepaid Expenses 0.00
Total Current Assets 1,477,822.04
RENTAL EQUIPMENT 0.00
PROPERTY AND EQUIPMENT (NET) 0.00
NOTE RECEIVABLE, less curr por 0.00
NOTE RECEIVABLE RELATED PARTY 0.00
GOODWILL 0.00
DEPOSITS 0.00
INTERCOMPANY 0.00
TOTAL ASSETS 1,477,822.04
<CAPTION>
LIABILITIES AND STOCKHOLDERS' EQUITY
<S> <C> <C>
CURRENT LIABILITIES:
Current Portion L/T Debt 93,614.79
Current Portion L/T Debt 2 283,564.32
Curr Portn L/T/ Debt Rel Prty 57,244.16
Accounts Payable 2,745,142.63
Accrued Liabilities 534,471.40
Total Current Liabilities 3,714,037.30
LONG - TERM DEBT, Net of Current 817,818.13
LONG-TERM DEBT RELATED PARTY 131,463.21
OTHER LIABILITIES 49,050.00
STOCKHOLDER'S EQUITY:
Common Stock 4,047.40
Additional Paid-In Capital 1,830,225.38
Common Stock Warrants/Optns 668,104.40
Accumulated Deficit (5,736,923.78)
Total Stockholder's Equity (3,234,546.60)
TOTAL LIABILITIES & S/H EQUITY 1,477,822.04
</TABLE>
