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) January 26, 1999
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PLC SYSTEMS INC.
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(Exact name of Registrant as specified in charter)
British Columbia
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(State or other jurisdiction of incorporation)
1-11388 04-3153858
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(Commission File Number) (IRS Employee Identification No.)
10 Forge Park, Franklin, Massachusetts 02038
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (508) 541-8800
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Not Applicable
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(Former name or former address, if changed since last report)
THIS DOCUMENT CONSISTS OF 5 PAGES.
Item 5. OTHER EVENTS.
HCFA'S MEDICARE COVERAGE DECISION FOR TMR. PLC Systems Inc. (the
"Company") announced today that the Health Care Financing
Administration (HCFA) has released a decision memorandum recommending
that Medicare provide coverage for transmyocardial revascularization
("TMR") performed with FDA approved devices. The Company's CO2
Heart Laser(TM) System is the only device that has obtained FDA
approval for commercial use to perform the TMR procedure. Although
HCFA's recommendation is a significant step that will lead to
Medicare reimbursement of TMR procedures, there may be a delay before
hospitals and other health care providers actually receive
reimbursement for TMR procedures. Moreover, there is no assurance
that Medicare reimbursement, when provided, will be adequate to cover
the cost of TMR procedures. Please refer to the Company's press
release dated January 26, 1999, which is filed as Exhibit 20.1 to
this Current Report on Form 8-K and is incorporated by reference
herein.
Item 7. EXHIBITS.
Exhibit Number Description
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20.1 Press Release dated January 26, 1999.
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SIGNATURE
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.
PLC SYSTEMS INC.
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(Registrant)
Date: January 26, 1999 By: /s/ JENNIFER MILLER
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Jennifer Miller
General Counsel
EXHIBIT INDEX
Exhibit Page
Number Description Number
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20.1 Press Release dated January 26, 1999. 4
3