PEDIATRIC SERVICES OF AMERICA INC
8-K, 1999-03-26
HOME HEALTH CARE SERVICES
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<PAGE>
 
                      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



                                MARCH 25, 1999
               Date of Report (Date of earliest event reported)



                      PEDIATRIC SERVICES OF AMERICA, INC.
            (Exact name of registrant as specified in its charter)


       Delaware                      0-23946                     58-1873345     
       --------                      -------                     ----------     
(State of incorporation)           (Commission                 (IRS Employer   
                                   File Number)              Identification NO.)



             310 Technology Parkway, Norcross, Georgia  30092-2929
           (Address of principal executive offices)      (Zip Code)


      Registrant's telephone number including area code:  (770) 441-1580
                                        



                       Page 1 of 4, including Exhibits.
                    Index to Exhibits is on page 3 hereof.
<PAGE>
 
ITEM 5.        OTHER EVENTS

          The Company's press release dated March 19, 1999, announcing that
the listing of the Company's Common Stock will move to The Nasdaq SmallCap
Market effective March 22, 1999 is filed as Exhibit 99.1 to this Report.


ITEM 7.        EXHIBITS

          The following exhibit is filed with this report.

 99.1  Press Release, dated March 19, 1999, filed herewith.



                                   SIGNATURE
                                        
       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.


                          PEDIATRIC SERVICES OF AMERICA, INC.



                          By:  /s/ Stephen M. Mengert
                               --------------------------------------
                               Stephen M. Mengert,
                               Senior Vice President, Chief Financial
                                 Officer, Secretary and Treasurer

Dated:  March 25, 1999

                                    PAGE 2
<PAGE>
 
                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
EXHIBITS                                                                                                      PAGE NO.
                                                                                                              --------
<S>                                                                                                           <C>
                The following exhibit is filed with this report. The Registrant will furnish any
                exhibit upon request to Pediatric Services of America, Inc., 310 Technology Parkway,
                Norcross,  Georgia 30092.  There is a charge of $.50 per page to cover expenses for
                copying and mailing.



  99.1          Press Release, dated March 19, 1999, filed herewith........................................       4
</TABLE>

                                    PAGE 3

<PAGE>
 
                                                                    EXHIBIT 99.1



FOR IMMEDIATE RELEASE


                      PEDIATRIC SERIVES OF AMERICA, INC.
                    ANNOUNCES STOCK TRADING TO BE MOVED TO
                          THE NASDAQ SMALLCAP MARKET
                                        

NORCROSS, GA, MARCH 19, 1999 . . . . . . PEDIATRIC SERVICES OF AMERICA, INC.
(NASDAQ:PSAI) today announced that, effective with the open of business on March
22, 1999, the listing of the PSAI's Common Stock will move to The Nasdaq
SmallCap Market.  The stock symbol will remain the same.  As previously
reported, PSAI's common stock failed to meet the minimum bid price and minimum
value of the public float requirements for continued listing on The Nasdaq
National Market due to the decline in the market price of the stock.

PSAI provides comprehensive pediatric home health care services through a
network of 113 branch offices in 27 states and the District of Columbia and
provides testing services through over 200 offices nationwide.



                       FOR FURTHER INFORMATION CONTACT:
                       JOSEPH D. SANSONE, PRESIDENT/CEO
                                      OR
              STEPHEN M. MENGERT, SR. VICE PRESIDENT FINANCE/CFO
                                 770-441-1580
                                        



Forward looking statements made in this release involve a number of risks and
uncertainties, including, but not limited to changes in government regulation
and health care reforms, ability to execute on the Company's acquisition and
strategic alliance programs, both in finding suitable acquisitions and alliance
candidates and financing therefor, changing economic and market conditions and
other risk factors detailed in the Company's Securities and Exchange Commission
filing.

                                    PAGE 4


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