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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): June 30, 1996
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 former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On June 30, 1996, the Registrant entered into an Amendment To 9%
Subordinated Convertible Debenture and Notice of Conversion (collectively, the
"Amendments"), with each of the holders of the Registrant's outstanding 9%
Subordinated Convertible Debentures due June 30, 1996 (the "Subordinated
Convertible Debentures"). On the date of the Amendments, Subordinated
Convertible Debentures in an aggregate principal amount of $6,617,655.78
remained outstanding. Pursuant to the Amendments, the holders of the
Subordinated Convertible Debentures agreed to waive their right to receive cash
upon maturity of the debentures and to exercise their right to convert the
Subordinated Convertible Debentures into shares of the Registrant's Common
Stock in exchange for the Registrant's agreement to amend the conversion rate
under the debentures so that the number of shares of Common Stock issuable upon
conversion is equal to the number determined by dividing the principal amount
to be converted by $5.1832. Previously, the number of shares issuable upon
conversion was determined by dividing the principal amount to be converted by
$16.36465. Accordingly, the outstanding Subordinated Convertible Debentures
were converted into an aggregate of 1,276,751 shares of the Registrant's Common
Stock on June 30, 1996.
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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 thereunto duly authorized.
Date: July 11, 1996 Coram Healthcare Corporation
By: /s/ RICHARD M. SMITH
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Richard M. Smith
Chief Financial Officer
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