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): December 7, 1998
(December 4, 1998)
HEALTH POWER, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-23220 31-1145640
(State or other jurisdiction (Commission (IRS Employer
incorporation) File Number) Identification No.)
1209 Orange Street, Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 658-7581
No Change
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
The information contained in the press release filed as Exhibit 99 is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit
No. Description of Exhibit
99 Press release issued December 4, 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 hereunto duly authorized.
HEALTH POWER, INC.
Date: December 7, 1998 By /s/ Ronald J. Wurtz
---------------------------------
Ronald J. Wurtz,
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description of Exhibit
99 Press release issued December 4, 1998.
<PAGE>
EXHIBIT 99
HEALTH POWER REPORTS REGULATORY ACTION
Columbus, Ohio, December 4, 1998. Health Power, Inc. (Nasdaq: HPWR) today
reported that the Company's HMO has received notice from the Ohio Department of
Insurance (ODI) of its intention to suspend or revoke the HMO's certificate of
authority. ODI has set a hearing on this matter for January 21, 1999.
Commenting on this development, Dr. Bernard F. Master, Chief Executive
Officer and President, said, "The Company is considering its options in light of
the notice and has not yet decided whether to contest the action. In the
meantime, consistent with our previous publicly stated intention, we are
continuing to explore disposition of all or part of the Company's HMO operations
so we can concentrate on building our profitable core businesses."
Except for historical information, all other information provided in
this press release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These "forward-looking
statements" are subject to uncertainties which could cause actual results to
differ materially from those projected or implied. The most significant of such
uncertainties are described in the Company's Form 10-K, Form 8-K, and Form 10-Q
and exhibits to those reports.
Contact: Ronald J. Wurtz or Dr. Bernard F. Master
of Health Power, Inc., (614) 461-9900.
