SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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): June 29, 1999

                             ISOLYSER COMPANY, INC.
             (Exact Name of Registrant as Specified in Its Charter)

                                     Georgia
                 (State or Other Jurisdiction of Incorporation)

         0-24866                                       58-1746149
 (Commission File Number)                  (I.R.S. Employer Identification No.)

             4320 International Boulevard, Norcross, Georgia 30093
               (Address of Principal Executive Offices (Zip Code)

                                 (770) 806-9898
              (Registrant's Telephone Number, Including Area Code)


          (Former Name or Former Address, if Changed Since Last Report)

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Item 2.  Acquisition or Disposition of Assets

     On June 29,  1999,  Isolyser  Company,  Inc.  ("Isolyser")  sold to Premier
Products  LLC  ("Premier")  all  of  the  capital  stock  of  its   wholly-owned
subsidiary,  White Knight  Healthcare,  Inc., a manufacturer  of a broad line of
non-woven  infectious control products and protective apparel marketed primarily
to healthcare  markets.  Premier is not an  "affiliate"  of Isolyser  within the
meanings of the Securities  Act of 1933, as amended.  The purchase price payable
for the stock was approximately $8.2 million.  The purchase price was negotiated
at arms' length.

Item 7.  Financial Statements and Exhibits

         (a)      Financial Statements of Businesses Acquired:

                  Not applicable.

         (b)      Pro Forma Financial Information:

                  The required unaudited pro forma financial information will be
filed not more than sixty days after the date this current report must be filed.

         (c)      Exhibits:

                  2.1      Stock Purchase Agreement dated June 10, 1999, between
                           Premier Products LLC and Isolyser Company, Inc.

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                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has caused  this  report to be duly signed on its behalf by the
undersigned hereunto duly authorized.


                             ISOLYSER COMPANY, INC.



                             By:  /s/ PETER A. SCHMITT
                                  ------------------------------------------
                                  Peter A. Schmitt, Executive Vice President
                                  and Chief Financial Officer


Dated:  July 8, 1999

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                                  EXHIBIT INDEX



EXHIBIT NO.      DESCRIPTION
- -----------      -----------

2.1              Stock Purchase Agreement dated June 10, 1999, between
                 Premier Products LLC and Isolyser Company, Inc.