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) September 23, 1997
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AVITAR, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20316 06-1174053
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
65 Dan Road, Canton, MA 02021
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (617) 821-2440
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Item 5. Other Events.
On September 23, 1997, the Registrant announced a Letter of Intent with
a national managed care company for the sale of substantially all of the
assets of the Registrant's Managed Health Benefits (MHB) subsidiary for $1.3
million. The sale is subject to the completion of due diligence by the
purchaser and approval by the boards of directors of both companies. The
proposed transaction is expected to close during the fourth quarter of 1997.
Item 7. Exhibits.
(c) Exhibits
(99) Press release issued September 23, 1997
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.
AVITAR, INC.
(Registrant)
Date: September 24, 1997 By: /s/J.C. LEATHERMAN
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J.C. LEATHERMAN, JR.,
Chief Financial Officer