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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): July 25, 1995 (July 21, 1995)
CORAM HEALTHCARE CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-11343 33-0615337
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1125 Seventeenth Street, 15th Floor, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
(303) 292-4973
(Registrant's telephone number, including area code)
Not applicable
(Former name or address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On July 21, 1995, Lincare Holdings, Inc., a Delaware corporation
("Lincare") and the Registrant issued the joint press release attached hereto
as Exhibit A, which is incorporated herein in its entirety by this reference.
ITEM 7. EXHIBITS.
99. Joint Press Release Issued by Lincare and the Registrant on
July 21, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date: July 25, 1995 CORAM HEALTHCARE CORPORATION
(registrant)
By: /s/ Patrick J. Fortune
-----------------------------------------
Patrick J. Fortune
President and Chief Operating Officer
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO. EXHIBIT DESCRIPTION PAGE
- ----------- ------------------- ----
<S> <C>
99 Joint Press Release Issued
by Lincare and the
Registrant on July 21, 1995.
</TABLE>
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EXHIBIT 99
FOR IMMEDIATE RELEASE
Investor Contact: Susan Witter
CORAM HEALTHCARE
(303) 672-8718
Media Contact: Larry Watts
CORAM HEALTHCARE
(303) 672-8728
CORAM AND LINCARE CANCEL MERGER PLANS,
ANNOUNCE COOPERATIVE SERVICES AGREEMENT
DENVER, JULY 21, 1995 -- Coram Healthcare Corp. (NYSE:CRH) and Lincare Holdings
Inc. (NASDAQ:LNCR) today announced that the companies had terminated by mutual
consent the merger agreement which they signed on April 17, 1995. "We strongly
believed in the strategic reasons for the merger, which we explained when we
announced it, but from a financial viewpoint, it no longer makes sense," the
companies said in a joint statement.
Coram and Lincare also announced that they had signed a letter of intent
to cooperatively offer their integrated services in targeted metropolitan areas.
"Coram's extensive managed care presence and Lincare's national respiratory care
network represent a very efficient marketing combination," said James T. Kelly,
Lincare's chairman and chief executive officer. "Working together, our companies
have the opportunity to jointly serve a broad range of managed care
organizations."
"We look forward to working with Lincare," said James M. Sweeney, Coram's
chairman and chief executive officer. "Cooperative marketing with Lincare will
further enhance our one-stop shopping offering to managed care, while allowing
Coram to focus its attention on the major task of integrating the businesses
we have acquired over the last 12 months," Sweeney added.
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Lincare, headquartered in Clearwater, Florida, is one of the nation's
largest providers of oxygen and other respiratory therapy services to patients
in the home. Lincare provides services and equipment to over 75,000 customers
in 35 states.
Coram, headquartered in Denver, is a leading provider of alternate site
patient care. Coram's mission is to work with physicians, patients, managed
care and other providers to develop new and better models of care for those with
serious or chronic medical problems.
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