UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d -16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 1998
NATIONAL HEALTHCARE MANUFACTURING CORPORATION
(Name of Registrant)
251 Saulteaux Crescent, Winnipeg, Manitoba Canada R3J 3C7
(Address of principal executive offices)
1. Material Change Report: September 10, 1998
2. Material Change Report: September 16, 1998
Indicate by check mark whether the Registrant files of will file annual
reports under cover of Form 20-F of Form 40-F.
Form 20-F X__ Form 40-F ___
Indicate by check mark whether the Registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934. Yes ___ No X_
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1943 , the
registrant has duly cause this Form 6-K to be signed on its behalf by the
undersigned, thereunto duly authorized.
National Healthcare Manufacturing Corporation -- SEC No. 0-27998
(Registrant)
Date: September 17, 1998 By: /s/Seyed Torabian
M. Seyed Torabian,
Vice President/Director
September 10, 1998
B.C. Securities Commission
1100 - 865 Hornby Street
Vancouver, B.C.
V7Z 2H4
ATTN: Statutory Filing
RE: Material Change Report
Dear Sir/Madam,
Following please find National Healthcare Manufacturing Corporation's
Material Change Report/Form 27 dated September 10, 1998.
Should you have any questions or need more information, please contact me
at (604) 689-8581.
Sincerely,
/s/Seyed Torabian
Seyed Torabian, P.Eng.
Executive Vice-President
copy:Manitoba Securities Commission
U.S. Securities & Exchange Commission
NASDAQ
Standard & Poor's
Maitland & Company
FORM 27
SECURITIES ACT (BRITISH COLUMBIA)
MATERIAL CHANGE REPORT UNDER SECTION 67 (1) (B) OF THE ACT
Item 1. Reporting Issuer
National Healthcare Manufacturing Corporation
251 Saulteaux Crescent
Winnipeg, Manitoba
R3J 3C7
Item 2. Date of Material Change
September 10, 1998
Item 3. Press Release
News release and notice of dissemination were issued to the
Nasdaq Stock Exchange on September 10, 1998 and disseminated via
Canadian Corporate News and Business Wire.
Item 4. Summary of Material Change
The Issuer announced that its National Healthcare Logistics
Division's first "Hub & Spoke" distribution center has begun
operations and will commence distribution to its member hospitals
effective September 14, 1998.
Item 5. Full Description of Material Change
Please refer to the attached News Release(s) of the Issuer dated
September 10, 1998
Item 6. Reliance in Section 67(2) of the Act
If the report is being filed on a confidential basis in reliance
on Section 67(2) of the Act, state the reason for such reliance.
N/A
Item 7. Omitted Information
N/A
Item 8. Senior Officer
M. Seyed Torabian, the Executive Vice-President and Director of
the Issuer, is knowledgeable about the material change and this
report and may be contacted at (604) 689 - 8581 for further
information.
Item 9. Statement of Senior Officer
The foregoing accurately discloses the material change referred
to herein.
Dated at Vancouver, British Columbia, this 10th day of September, 1998.
National Healthcare Manufacturing Corporation
Per: /s/Seyed Torabian
Seyed Torabian, P.Eng.
Executive Vice-President/Director
NEWS RELEASE
FOR RELEASE SEPTEMBER 10, 1998 AT 7:30 AM EDT
Contact:Allen & Caron Inc or Alex Tsakumis
Damon Wright (investors) Manager, Investor Relations
Denise Harrison (media) National Healthcare
(714) 957-8440 Manufacturing Corporation
(800) 883-8841
System designed to substantially cut costs; monthly
sales to hospitals expected to reach $6 million within 18 months
NATIONAL HEALTHCARE ANNOUNCES OPENING OF LEESAR REGIONAL SERVICE CENTER
WINNIPEG, MANITOBA (September 10, 1998) . . . . National Healthcare
Manufacturing Corporation (Nasdaq: NHMCF) announced today that its National
Healthcare Logistics (NHCL) Division's first "Hub & Spoke" distribution
center, Fort Myers, FL-based LeeSar Regional Service Center (LeeSar), has
begun operations and will commence distribution to its member hospitals
effective September 14. As previously announced, NHCL signed its first
long-term agreement to establish and manage a "Hub & Spoke" distribution
center for two FL-based hospital systems -- Sarasota Memorial and Lee
Memorial Healthcare System. The "Hub," or primary distribution center, is
owned by the two hospital systems. NHCL will receive a management fee
based on a percentage of the monthly sales volume.
According to National Healthcare President and CEO Mac J. Shashavar,
if all proceeds as planned it is anticipated that monthly sales to the
participating hospitals will start at approximately $250,000 in September
and steadily grow to $2.5 million per month by May of 1999. After one
year, the monthly sales volume, on which NHCL will base its fees, is
expected to exceed $4 million, and reach $6 million per month within 18
months.
Fort Myers Lee Memorial Hospital Director of Materials Management
Steve Witenko said, "NHCL's Hub & Spoke program is the most innovative
program for hospitals logistical services that I have seen in my 20-plus
years of experience in hospital materials management.
MORE-MORE-MORE
NATIONAL HEALTHCARE ANNOUNCES OPENING OF FIRST
HUB AND SPOKE DISTRIBUTION CENTER
2-2-2
"We look forward to the time and cost savings gained and anticipate a
yearly reduction in costs of approximately 15-20 percent -- up to $10
million -- from logistics efficiencies alone," Witenko added.
Audie Lewis is the LeeSar Project Leader and is responsible for the
direct oversight of the Hub & Spoke Program. Lewis is also a noted author
whose latest book is The Year 2000 Healthcare Survival Guide. According to
Lewis, "The NHCL Hub & Spoke program is a unique opportunity for re-
engineering hospital logistics, and has the potential to take millions of
dollars out of the cost of supply chain management while generating new
revenue.
"This creates the potential for dramatic positive financial impact for
the participating hospitals," he said.
Shahsavar added, "Our Hub & Spoke distribution system provides an
outsourcing and resource sharing alternative to hospitals for traditional
purchasing and distribution activities. We are able to deliver significant
cost savings to these participating hospitals, while providing a very high
level of customer focused service. We look forward to the LeeSar Hub &
Spoke system becoming the flagship of an ever-growing group of distribution
centers throughout the U.S."
National Healthcare is committed to reducing healthcare costs by
providing efficient and cost effective alternatives to conventional
products and services to healthcare providers through the use of the
world's first and only automated robotic production facility capable of
assembling and packaging kits and trays for medical and surgical
procedures. Through its wholly-owned subsidiaries, National Healthcare
manufactures and distributes personal care, anti-microbial and cellulose
based paper products to healthcare and homecare institutions throughout
North
America and Europe. National Healthcare Logistics (a subsidiary) is
revolutionizing conventional medical distribution with its state-of-the-art
Hub & Spoke logistics system.
The statements in this release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties, including risks associated with uncertainties pertaining to
customer orders, development of markets for the Company's products and
services and other risks as identified in the Company's SEC filings.
Actual results, events and performance may differ materially. The Company
undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that occur after the date
hereof or to reflect the occurrence of unanticipated events.
September 16, 1998
B.C. Securities Commission
1100 - 865 Hornby Street
Vancouver, B.C.
V7Z 2H4
ATTN: Statutory Filing
RE: Material Change Report
Dear Sir/Madam,
Following please find National Healthcare Manufacturing Corporation's
Material Change Report/Form 27 dated September 15, 1998.
Should you have any questions or need more information, please contact me
at (604) 689-8581.
Sincerely,
/s/Seyed Torabian
Seyed Torabian, P.Eng.
Executive Vice-President
copy:Manitoba Securities Commission
U.S. Securities & Exchange Commission
NASDAQ
Standard & Poor's
Maitland & Company
FORM 27
SECURITIES ACT (BRITISH COLUMBIA)
MATERIAL CHANGE REPORT UNDER SECTION 67 (1) (B) OF THE ACT
Item 1. Reporting Issuer
National Healthcare Manufacturing Corporation
251 Saulteaux Crescent
Winnipeg, Manitoba
R3J 3C7
Item 2. Date of Material Change
September 15, 1998
Item 3. Press Release
News release and notice of dissemination were issued to the
Nasdaq Stock Exchange on September 15, 1998 and disseminated via
Canadian Corporate News and Business Wire.
Item 4. Summary of Material Change
The Issuer announced that subject to regulatory approval it will
expand its Custom Pack Division with the acquisition of privately-
held Niagara Falls, NY based, Custom Pack Reliability.
Item 5. Full Description of Material Change
Please refer to the attached News Release(s) of the Issuer dated
September 15, 1998.
Item 6. Reliance in Section 67(2) of the Act
If the report is being filed on a confidential basis in reliance
on Section 67(2) of the Act, state the reason for such reliance.
N/A
Item 7. Omitted Information
N/A
Item 8. Senior Officer
M. Seyed Torabian, the Executive Vice-President and Director of
the Issuer, is knowledgeable about the material change and this
report and may be contacted at (604) 689 - 8581 for further
information.
Item 9. Statement of Senior Officer
The foregoing accurately discloses the material change referred
to herein.
Dated at Vancouver, British Columbia, this 16th day of September, 1998.
National Healthcare Manufacturing Corporation
Per: /s/Seyed Torabian
Seyed Torabian, P.Eng.
Executive Vice-President/Director
NEWS RELEASE
FOR RELEASE SEPTEMBER 15, 1998 AT 7:30 AM EDT
Contact:Allen & Caron Inc or Alex Tsakumis
Damon Wright (investors) Manager, Investor Relations
Denise Harrison (media) National Healthcare
(714) 957-8440 Manufacturing Corporation
(800) 883-8841
Adds $5 million Canadian (US$3.2 million)
to Custom Pack Division annual revenue
NATIONAL HEALTHCARE ANNOUNCES ACQUISITION
OF CUSTOM PACK RELIABILITY
WINNIPEG, MANITOBA (September 15, 1998) . . . . National Healthcare
Manufacturing Corporation (Nasdaq: NHMCF) announced today that subject to
regulatory approval it will expand its Custom Pack Division with the
acquisition of privately-held Niagara Falls, NY-based Custom Pack
Reliability (CPR). CPR has been assembling and supplying custom packs to
hospitals and surgical centers throughout North America since 1992.
According to the announcement by National Healthcare President and CEO Mac
J. Shahsavar, CPR revenues for 1997 were $5 million Canadian (US$3.2
million) and CPR contracts to date for 1998 total $7.5 million Canadian
(US$5 million). The acquisition will increase National Healthcare's North
American sales force by 50 to more than 200. No layoffs are anticipated;
however, the companies plan to consolidate to achieve even further
efficiencies. CPR will continue operations from its Niagara Falls
facilities as a division of National Healthcare and will conduct business
under the CPR name. Further terms were not disclosed.
CPR Founder and President Richard Ellwood brings with him more than 25
years consulting experience in healthcare cost reduction, and will head the
newly expanded Custom Pack Division. Purchasing, customer quotation and
logistics for the Custom Pack Division will be based at the Niagara Falls
facility, using the existing fully-integrated computerized inventory
control, order processing and accounting system.
MORE-MORE-MORE
NATIONAL HEALTHCARE ANNOUNCES ACQUISITION
OF CUSTOM PACK RELIABILITY
Page 2-2-2
Shahsavar commented, "Acquiring CPR is an important strategic step for
us. CPR has been providing custom medical packs for more than six years,
and we believe that the combination of this experience in the packaging
market and our leading-edge robotic packaging technology will make existing
operations more efficient and more profitable.
"The addition of the CPR sales and marketing arm," Shahsavar
continued, "will enable us to be more effective in achieving our goal of
continuing to expand our packaging capabilities into the large and growing
overall North American healthcare market.
"Not only will the acquisition of CPR add significantly to our
current packaging revenues," Shahsavar added, "it will also provide us with
additional facilities in the Northeast, which will complement National
Healthcare's access to markets throughout North America."
National Healthcare is committed to reducing healthcare costs by
providing efficient and cost effective alternatives to conventional
products and services to healthcare providers through the use of the
world's first and only automated robotic production facility capable of
assembling and packaging kits and trays for medical and surgical
procedures. Through its wholly-owned subsidiaries, National Healthcare
manufactures and distributes personal care, anti-microbial and cellulose
based paper products to healthcare and homecare institutions throughout
North
America and Europe. National Healthcare Logistics (a subsidiary) is
revolutionizing conventional medical distribution with its state-of-the-art
Hub & Spoke logistics system.
The statements in this release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties, including risks associated with uncertainties pertaining to
customer orders, development of markets for the Company's products and
services and other risks as identified in the Company's SEC filings.
Actual results, events and performance may differ materially. The Company
undertakes no obligation to publicly update these forward-looking
statements to reflect events or circumstances that occur after the date
hereof or to reflect the occurrence of unanticipated events.