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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): JUNE 3, 1999
BIRMAN MANAGED CARE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 333-11957 52-1884092
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(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
OF INCORPORATION)
1025 HIGHWAY 111 SOUTH, COOKVILLE, TENNESSEE 38501
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (931) 372-7800
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT
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Item 2. DISPOSITION OF ASSETS
On June 3, 1999, Birman Managed Care, Inc., a Delaware corporation
("Birman") sold substantially all of the assets of Hughes & Associates, Inc., a
Tennessee corporation ("Hughes"), which is a wholly-owned subsidiary of Birman
Managed Care, Inc. to current management of Hughes for approximately $400,000
in cash and secured debt. Birman expects to report a one-time gain on sale of
approximately $90,000 in the current fiscal quarter. This completes Birman's
divestiture of all of its HMO related operations.
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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.
June 10, 1999 BIRMAN MANAGED CARE, INC.
/s/ DAVID N. BIRMAN, M.D.
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David N. Birman, M.D.
Chairman of the Board, President and
Chief Executive Officer
June 10, 1999 /s/ SUE D. BIRMAN
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Sue D. Birman
Executive Vice President
(Principal Accounting Officer)