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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q/A
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1999
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.
FOR THE TRANSITION PERIOD FROM ________________ TO _________________
COMMISSION FILE NUMBER 0-22019
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SPECIALTY CARE NETWORK, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 62-1623449
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(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
44 UNION BOULEVARD, SUITE 600, LAKEWOOD, COLORADO 80228
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (303) 716-0041
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Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that registrant
was required to file such reports). And (2) has been subject to such filing
requirements for the past 90 days. Yes X No
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On June 30, 1999, 12,429,197 shares of the Registrant's common stock, $.001
par value, were outstanding.
This amendment to the Company's Form 10-Q for the quarterly period ended
June 30, 1999 amends and modifies the Form 10-Q to amend and restate in its
entirety Item 1 of Part II. The purpose of the restatement is solely to include
a discussion of significant legal proceedings during the quarter.
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PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
Plano Litigation
On August 11, 1999, we filed a complaint in the U.S. District Court for the
Northern District of Texas, Dallas Division against the Associated Orthopaedics
& Sports Medicine, P.A., Associated Arthroscopy Institute, Inc., Access Medical
Supply, Inc. d/b/a Associated Physical Therapy, Allied Health Services, P.A.
d/b/a Associated Occupational Rehabilitation, Neal C. Small, M.D. and Alexander
I. Glogau, M.D. (collectively, the "Plano entities"). The complaint asserts
that, on April 29, 1999, in violation of their service agreements with us, the
Plano entities assumed control and management of their respective administration
and finances. The complaint further alleges that the Plano entities have
diverted our accounts receivable receipts into an account controlled by them and
have failed to pay our service fees.
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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.
SPECIALTY CARE NETWORK, INC.
Date: August 20, 1999 By: /s/ Paul Davis
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Paul Davis
Senior Vice President, Finance
(Chief Financial Officer)