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) April 5, 1999
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SUN HEALTHCARE GROUP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-12040 85-0410612
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
101 SUN AVENUE, N.E., ALBUQUERQUE, NEW MEXICO 87109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (505) 821-3355
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On April 5, 1999, Sun Healthcare Group, Inc. ("Sun") announced that
following Sun's recent decision to divest certain of its non-core business
assets, Sun requested in March 1999 that the SEC review Sun's accounting
treatment of its June 30, 1998 acquisition of Retirement Care Associates, Inc.
Based on discussions with the SEC and the Company's auditors, management has
determined that the acquisition will need to be recorded as a purchase rather
than as a pooling of interests as originally recorded. As a result, Sun will
restate its financial statements for previously reported periods in 1998.
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 thereunto duly authorized.
SUN HEALTHCARE GROUP, INC.
By: /s/ William C. Warrick
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Name: William C. Warrick
Title: Vice President, Corporate Controller
Dated: April 13, 1998
