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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) October 13, 1997
Transworld HealthCare, Inc.
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(Exact name of Registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation)
1-11570 13-3098275
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(Commission File Number) (I.R.S. Employer Identification No.)
555 Madison Avenue, New York, New York 10022
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 750-0064
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
Transworld HealthCare, Inc. ("Transworld") announced on October 13,
1997, that it, together with its largest stockholder, Hyperion Partners II L.P.
submitted a proposal to Apria Healthcare Group Inc. ("Apria") in connection with
a potential strategic combination between Transworld and Apria. The proposal
contemplates $14 in cash and $4 in market value of the combined entity's common
stock in exchange for each outstanding share of Apria common stock. The proposal
is subject to among other things, completion of definitive documentation.
Certain statements contained herein are forward-looking statements that
have been made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties which may cause the actual results in the future
periods or plans for future periods to differ materially from those described
herein as anticipated, believed or estimated.
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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.
Date: October 16, 1997
TRANSWORLD HEALTHCARE, INC.
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(Registrant)
By: /s/ Wayne A. Palladino
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Wayne A. Palladino
Senior Vice President and
Chief Financial Officer
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