1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): SEPTEMBER 19, 1997 CONTINUCARE CORPORATION ------------------------------------------------- EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) FLORIDA (STATE OR OTHER JURISDICTION OF INCORPORATION) 0-21910 59-2716023 (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.) CONTINUCARE CORPORATION 100 SOUTHEAST 2ND STREET, 36TH FLOOR MIAMI, FLORIDA 33131 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (305) 350-7515 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Effective September 19, 1997, Continucare Corporation, a Florida corporation (the "Registrant"), through a wholly-owned subsidiary, Continucare Home Health of Broward, Inc., as assignee, acquired all of the issued and outstanding capital stock of Maxicare, Inc., d/b/a/ Maxicare of Broward County, Inc., a Delaware corporation ("Maxicare"). Maxicare is a Medicare certified home health agency engaged in the business of providing home health services to patients in Broward County, Florida. The aggregate purchase was $2.7 million. The former shareholder of Maxicare is also entitled to receive additional consideration, not to exceed $300,000, if certain targets are achieved during the two-year period after the closing date. The source of the consideration paid by the Registrant was as follows: (i) $2.5 million from the Registrant's credit facility with First Union National Bank of Florida, and (ii) $200,000 from the Registrant's working capital. The foregoing summary is qualified in its entirety by a copy of the Agreement attached hereto as an exhibit. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) & (b) It is currently impractical to provide financial statements, pro forma or otherwise, required pursuant to Regulation S-K in connection with the acquisition identified in Item 2 above. This Report will be amended within 60 days from the date this Report is filed to include such financial statement information. (c) Exhibits 2.1 Stock Purchase Agreement, dated as of August 13, 1997, by and among Continucare Home Health Services, Inc., a wholly-owned subsidiary of Continucare Corporation; Maxicare, Inc. d/b/a Maxicare of Broward County, Inc. ("Maxicare"); and the holders of Maxicare capital stock set forth therein. 3 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. CONTINUCARE CORPORATION Date: October 3, 1997 By: /s/ Charles M. Fernandez ---------------------------------------------- Charles M. Fernandez Chairman, Chief Executive Officer and President 4 EXHIBIT INDEX 2.1 Stock Purchase Agreement, dated as of August 13, 1997, by and among Continucare Home Health Services, Inc., a wholly-owned subsidiary of Continucare Corporation; Maxicare, Inc. d/b/a Maxicare of Broward County, Inc. ("Maxicare"); and the holders of Maxicare capital stock set forth therein.