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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 30, 1996
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Commission File Number: 0-23472
PACIFIC REHABILITATION & SPORTS MEDICINE, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 93-1072052
(State or Other Jurisdiction of Incorporation) (I.R.S. Employer
Identification Number)
One S.W. Columbia Street, Suite 900, Portland, Oregon 97258
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (503) 222-4191
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PACIFIC REHABILITATION & SPORTS MEDICINE, INC.
FORM 8-K
INDEX
Item Description Page
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1. Changes in Control of Registrant.....................................3
2. Acquisition or Disposition of Assets.................................3
3. Bankruptcy or Receivership...........................................3
4. Changes in Registrant's Certifying Accountant........................3
5. Other Events.........................................................3
6. Resignations of Registrant's Directors...............................3
7. Financial Statements and Exhibits....................................3
Signatures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
None
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
None
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None
ITEM 5. OTHER EVENTS
On October 30, 1996, the Company announced that it was in discussions
concerning the possibility of a merger of the Company with Horizon/CMS
Healthcare Corporation at a price of $6.50 per share in cash. A copy
of the press release regarding this matter is attached as Exhibit
99.1.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
None
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits:
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Exhibit 99.1 Press Release dated October 30, 1996
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed by the
undersigned thereunto duly authorized.
PACIFIC REHABILITATION & SPORTS
MEDICINE, INC.
Date: October 31, 1996 By /s/ Michael McArthur-Phillips
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Michael McArthur-Phillips
Senior Vice President and General Counsel
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PACIFIC REHABILITATION & SPORTS MEDICINE, INC.
FORM 8-K CURRENT REPORT
EXHIBIT INDEX
Exhibit Description
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Exhibit 99.1 Press Release dated October 30, 1996
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Exhibit 99.1
Pacific Rehabilitation & Sports Medicine, Inc.
One SW Columbia Street
Suite 900
Portland, OR 97258
NEWS RELEASE Contact: Bill Barancik
- - ------------ President and Chief
FOR IMMEDIATE RELEASE Executive Officer
or
William A. Norris
Executive VP-Finance
Pacific Rehabilitation &
Sports Medicine, Inc.
(503) 222-4191
PACIFIC REHABILITATION & SPORTS MEDICINE, INC. ANNOUNCES
DISCUSSIONS CONCERNING POSSIBLE MERGER WITH HORIZON/CMS
HEALTHCARE CORPORATION
Portland, Oregon (October 30, 1996) -- Pacific Rehabilitation & Sports
Medicine, Inc. (Nasdaq: PRHB) today announced that it is in discussions
concerning the possibility of a merger of the Company with Horizon/CMS
Healthcare Corporation (NYSE:HHC) at a price of $6.50 per share in cash.
The Company emphasized that discussions were on-going and that no
definitive agreement has been reached with respect to any terms of a
transaction. There is no assurance that any definitive agreement will be
reached, or if a definitive agreement is reached, that the potential merger will
be successfully completed. Any definitive agreement, if reached, will be
subject to the satisfaction of regulatory and other conditions.
Pacific Rehab provides outpatient physical therapy services at 70
outpatient rehabilitation clinics in Washington, Oregon, California, Hawaii,
Nevada, Arizona, Texas, Mississippi, Florida and Maryland.
