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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
FORM 10-K/A-2
(Mark One)
/x/ Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998
/ / Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
FOR THE TRANSITION PERIOD FROM TO .
COMMISSION FILE NUMBER 1-12040
SUN HEALTHCARE GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 85-0410612
(State of Incorporation) (I.R.S. Employer
Identification No.)
101 SUN AVENUE NE
ALBUQUERQUE, NEW MEXICO 87109
(505) 821-3355
(Address and telephone number of Registrant)
Securities registered pursuant to Section 12(b) of the Act:
TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED
Common Stock, par value New York Stock Exchange
$.01 per share, and
Preferred Stock Purchase Rights
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports
required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes /x/ No / /
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in the definitive proxy statement
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. / /
On March 30, 1999, Sun Healthcare Group, Inc. had 60,669,825 outstanding
shares of Common Stock. Of those, 53,294,347 shares of Common Stock were held by
nonaffiliates. The aggregate market value of such Common Stock held by
nonaffiliates, based on the average of the high and low sales prices of such
shares on the New York Stock Exchange on March 30, 1999, was approximately
$59,956,140.
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<PAGE>
Sun Healthcare Group, Inc. hereby amends its Annual Report on Form 10-K for
the fiscal year ended December 31, 1998 by attaching Exhibit 27, the financial
data schedule.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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/ Robert D. Woltil
--------------------------
Robert D. Woltil
Chief Financial Officer
April 29, 1999
2.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SUN HEALTHCARE GROUP, INC. DECEMBER 31, 1998 FORM 10-K AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<CASH> 27,504
<SECURITIES> 0
<RECEIVABLES> 617,344
<ALLOWANCES> 79,015
<INVENTORY> 0
<CURRENT-ASSETS> 691,733
<PP&E> 601,270
<DEPRECIATION> 0
<TOTAL-ASSETS> 2,468,038
<CURRENT-LIABILITIES> 1,231,369
<BONDS> 0
0
0
<COMMON> 619
<OTHER-SE> 33,140
<TOTAL-LIABILITY-AND-EQUITY> 2,468,038
<SALES> 0
<TOTAL-REVENUES> 3,088,460
<CGS> 0
<TOTAL-COSTS> 3,762,139
<OTHER-EXPENSES> 16,163
<LOSS-PROVISION> 83,083
<INTEREST-EXPENSE> 135,411
<INCOME-PRETAX> (689,842)
<INCOME-TAX> 53,577
<INCOME-CONTINUING> (743,419)
<DISCONTINUED> 0
<EXTRAORDINARY> 10,274
<CHANGES> 0
<NET-INCOME> (753,693)
<EPS-PRIMARY> (14.49)
<EPS-DILUTED> (14.49)
</TABLE>
