THERATX INC /DE/
NT 10-K, 1997-03-31
SKILLED NURSING CARE FACILITIES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                            Cusip Number 883384 10 9

     [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR

                       For Period Ended: December 31, 1996
                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 10-K
                       [ ] Transition Report on Form 10-K
                        For the Transition Period Ended:
- --------------------------------------------------------------------------------
     READ INSTRUCTION (ON BACK PAGE) BEFORE PREPARING FORM. PLEASE PRINT OR
 TYPE. NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
                   VERIFIED ANY INFORMATION CONTAINED HEREIN.
- --------------------------------------------------------------------------------
If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:
- --------------------------------------------------------------------------------

PART I - REGISTRANT INFORMATION

TheraTx, Incorporated
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Full Name of Registrant

- --------------------------------------------------------------------------------
Former Name if Applicable

1105 Sanctuary Parkway, Suite 100
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Address of Principal Executive Office (Street and Number)

Alpharetta, Georgia  30201
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City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

     (a) The reasons  described  in  reasonable  detail in Part III of this form
         could not be eliminated without unreasonable effort or expense;

     (b) The subject annual report,  semi-annual  report,  transition  report on
[X]      Form 10-K, Form 20-F,  11-K, Form N-SAR, or  portion thereof,  will  be
         filed  on  or  before  the   fifteenth   calendar  day  following   the
         prescribed due  date; or  the subject   quarterly report  of transition
         report on Form 10-Q, or portion thereof will be filed on or before  the
         fifth calendar day following the  prescribed due date; and

     (c) The accountant's  statement or other exhibit required by Rule 12b-25(c)
         has been attached if applicable.



<PAGE>


PART III - NARRATIVE

State below in  reasonable  detail the reasons  why the Form 10-K,  11-K,  10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period.
                                                 (ATTACH EXTRA SHEETS IF NEEDED)

         On February 9, 1997, TheraTx, Incorporated (the "Company") entered into
an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which Peach
Acquisition Corp. (the "Purchaser"),  a wholly owned subsidiary of Vencor,  Inc.
("Vencor"),  agreed  to  merge  with and into the  Company  (the  "Merger").  In
connection with the Merger Agreement the Purchaser  commenced a tender offer for
all of the outstanding shares of Common Stock, par value $.001 per share, of the
Company.  The Merger was  consummated  on March 21, 1997, and the Company is the
surviving corporation.

         The  Company  has  devoted  substantial  managerial  resources  to  the
consummation  of the Merger.  Also,  the Merger has a  substantial  and material
impact on the  Company's  business  and the  information  to be contained in the
Company's  Annual  Report  on Form 10-K (the  "Form  10-K").  As a result of the
foregoing,  the  Company is not in a position  to file its Form 10-K  within the
prescribed period without unreasonable effort or expense.

PART IV - OTHER INFORMATION

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
         notification.

         Jonathan H. Glenn              770                    569-1840
         -------------------           ------                 ---------
          (Name)                    (Area Code)           (Telephone Number)

(2)      Have all other periodic  reports  required under Section 13 or 15(d) of
         the  Securities  Exchange  Act of 1934 or Section 30 of the  Investment
         Company  Act of 1940  during  the  preceding  12  months  (or for  such
         shorter) period that the registrant was required to file such report(s)
         been filed? If the answer is no, identify report(s).
          [X] Yes   [ ] No
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(3)      Is it anticipated that any significant  change in results of operations
         from  the  corresponding  period  for  the  last  fiscal  year  will be
         reflected  by the  earnings  statement  to be  included  in the subject
         report or portion thereof?
          [ ] Yes   [X] No

         If  so,  attach  an  explanation  of  the  anticipated   change,   both
         narratively and quantitatively,  and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.
- ------------------------------------------------------------------------------


<PAGE>






                              TheraTx, Incorporated
         ---------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this  notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:  March 31, 1997                          By:     /s/ John A. Bardis
       ----------------------                          ------------------------
                                                       John A. Bardis
                                                       President and
                                                       Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
 ____________________________________ATTENTION_________________________________

    Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).
 ______________________________________________________________________________

                              GENERAL INSTRUCTIONS
1.    This form is required by Rule  12b-25 (17 CFR  240.12b-25)  of the General
      Rules and Regulations under the Securities Exchange Act of 1934.

2.    One signed original and four conformed  copies of this form and amendments
      thereto  must be  completed  and filed with the  Securities  and  Exchange
      Commission,  Washington,  D.C.  20549,  in accordance with Rule 0-3 of the
      General Rules and Regulations under the Act. The information  contained in
      or filed  with the form  will be made a matter  of  public  record  in the
      Commission files.

3.    A manually  signed copy of the form and amendments  thereto shall be filed
      with each national securities exchange on which any class of securities of
      the registrant is registered.

4.    Amendments to the notifications must also be filed on form 12b-25 but need
      not restate information that has been correctly furnished.  The form shall
      be clearly identified as an amended notification.

5.    ELECTRONIC FILERS. This form shall not be used by electronic filers unable
      to timely  file a report  solely due to  electronic  difficulties.  Filers
      unable  to  submit  a report  within  the time  period  prescribed  due to
      difficulties  in  electronic  filing should comply with either Rule 201 or
      Rule 202 of Regulation  S-T  (ss.232.201 or ss.232.202 of this chapter) or
      apply  for an  adjustment  in  filing  date  pursuant  to  Rule  13(b)  of
      Regulation S-T (ss.232.13(b) of this chapter).



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