SUN HEALTHCARE GROUP INC
8-K, 1999-04-13
SKILLED NURSING CARE FACILITIES
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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)                 April 5, 1999
- -------------------------------------------------------------------------------


                           SUN HEALTHCARE GROUP, INC.
 ------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          DELAWARE                   1-12040                      85-0410612
- --------------------------------------------------------------------------------
(State or other jurisdiction       (Commission                  (IRS Employer
     of incorporation)             File Number)              Identification No.)


  101 SUN AVENUE, N.E., ALBUQUERQUE, NEW MEXICO                        87109
- -------------------------------------------------------------------------------
     (Address of principal executive offices)                        (Zip Code)


Registrant's telephone number, including area code               (505) 821-3355
- -------------------------------------------------------------------------------


                                 NOT APPLICABLE
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

<PAGE>
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
                                   --------------------------------------------
                                   Name:   William C. Warrick
                                   Title:  Vice President, Corporate Controller

Dated:  April 13, 1998





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