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) December 5, 2000
----------------
CAREADVANTAGE, INC.
(Exact name of Registrant as specified in charter)
Delaware 0-26168 52-1849794
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
485 C Route 1 South
Iselin, New Jersey 08830
(732) 602-7000
(Address, including zip code and telephone number, including area code, of
Registrant's principal executive offices)
Not Applicable
(Former name or former address of Registrant, if changed since last report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On December 5, 2000, CareAdvantage, Inc. (the "Company") announced that
it entered into a Debt Satisfaction Agreement to convert approximately $1.58
million in indebtedness owed to Horizon Blue Cross and Blue Shield of New Jersey
("BCBS") and Horizon Healthcare of New Jersey, Inc. into the Company's common
stock ("Healthcare"). BCBS is one of the Company's major stockholders owning
approximately 45% of its currently outstanding common stock.
Further information regarding the Debt Satisfaction Agreement is set
forth in the press release attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
10.1 Debt Satisfaction Agreement among Horizon Blue Cross Blue
Shield of New Jersey, Horizon Healthcare of New Jersey, Inc.,
and CareAdvantage, Inc.
99.1 Press Release dated December 5, 2000 regarding the Debt
Satisfaction Agreement.
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.
CAREADVANTAGE, INC.
Date: December 13, 2000 By: /s/ David G. Noone
---------------------------------
David G. Noone
Chief Executive Officer