UNITED STATES
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 earliest event reported: April 12, 1996
UCI Medical Affiliates, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-13265 59-2225346
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
6168 St. Andrews Road, Columbia, South Carolina 29212
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 772-8840
No Change
(Former name or former address, if changed since last report.)
This document contains a total of 48 pages and the Exhibit Index is set forth on
sequentially numbered page 4.
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Pursuant to the terms of an Asset Purchase Agreement and Plan of Reorganization
dated and executed April 12, 1996 by and between Martin L. Schlein, M.D., P.A.
("Seller") and UCI Medical Affiliates of South Carolina, Inc., a South Carolina
corporation (the "Company") and the wholly-owned subsidiary of UCI Medical
Affiliates, Inc., a Delaware corporation ("UCI"), the Company has acquired
certain assets of (including patient list and goodwill) associated with the
medical practice owned and operated by Seller in Greenville, South Carolina for
a purchase price of $540,927 consisting of 125,187 shares of common stock of
UCI, the assumption of $27,000 of trade accounts payable, and cash of $75,776
paid $6,315 at closing and the remainder in 11 monthly installments with
interest at ten (10%) percent per annum. The consideration paid by the Company
in connection with this acquisition was determined by arms-length negotiations
between the Company and the Seller.
The practice operated by the Seller was one at which medical conditions not
involving an immediate threat to life were treated on an outpatient basis. The
Company has merged the operations of the Seller into those of one of its
existing centers in Greenville (Doctor's Care - Pelham).
All descriptions of the Asset Purchase Agreement noted herein are qualified in
their entirety by reference to such documents as Exhibits to this Current Report
on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
a) Financial Statements of Business Acquired
It is impracticable to provide the required financial statements
for the businesses acquired at the time this Report on Form 8-K is
filed. UCI will file the required financial statements for the
Seller under cover of Form 8 as soon as practicable, but not later
than 60 days after this Report on Form 8-K is due to be filed.
b) Pro Forma Financial Information
It is impracticable to provide the required pro forma financial
information at the time this Report on Form 8-K is filed. UCI will
file the required pro forma financial information under cover of
Form 8 as soon as practicable, but not later than 60 days after
this Report on Form 8-K is due to be filed.
c) Exhibits
Exhibit 2.1 - Asset Purchase Agreement and Plan of Reorganization
dated and executed on April 12, 1996 by and between Martin L.
Schlein, M.D., P.A. and UCI Medical Affiliates of South Carolina,
Inc.
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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 hereunto duly authorized.
UCI Medical Affiliates, Inc.
(Registrant)
/s/ M.F. McFarland, III, M.D. /s/ Jerry F. Wells, Jr.
President, Chief Executive Officer and Vice President of Finance and
Chairman of the Board Chief Financial Officer
Date: April 25, 1996
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UCI MEDICAL AFFILIATES, INC.
EXHIBIT INDEX
TO
FORM 8-K
EXHIBIT PAGE
NUMBER DESCRIPTION NUMBER
2.1 Asset Purchase Agreement and Plan of Reorganization dated 6
and executed April 12, 1996 by and between Martin L. Schlein,
M.D., P.A. and UCI Medical Affiliates of South Carolina, Inc.
4