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) April 8, 2003
DIALYSIS CORPORATION OF AMERICA
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(Exact name of registrant as specified in its charter)
Florida 0-8527 59-1757642
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1344 Ashton Road, Hanover, Maryland 21076
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (410) 694-0500
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ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURES
On April 8, 2003, the company acquired certain assets from Gambro
Healthcare Renal Care, Inc. ("Gambro") under an Asset Sale Agreement for
$75,000, which assets include furniture, fixtures and certain dialysis equipment
and patient relationships relating to Gambro's outpatient dialysis facility
located in Adel, Georgia. We have established a new dialysis facility in Adel,
Georgia and assumed Gambro's lease. The Adel facility anticipates receipt of its
licensure in the near future.
Certain assets were not acquired, and we did not assume any liabilities
other than our assumption of the lease and a medical waste service agreement.
We obtained a non-compete agreement from Gambro and its affiliates
within a 15 mile radius of our new Adel, Georgia dialysis facility.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired
None
(b) Pro Forma Financial Information
None
(c) Exhibits
(10) Material Contracts
(i) Asset Sale Agreement between the Company and
Gambro Healthcare Renal Care, Inc. dated
April 7, 2003.
(ii) Lease Agreement between Russell Acree, M.D.
and Community Dialysis Centers, Inc. (now
Gambro Healthcare Renal Care, Inc.) dated
February 1, 1988.
(iii) First Amendment to Lease Agreement between
Russell Acree, M.D. and Gambro Healthcare
Renal Care, Inc. (formerly Community
Dialysis Centers, Inc.) dated April 30,
1998.
(iv) Second Amendment to Lease Agreement between
Russell Acree, M.D. and Gambro Healthcare
Renal Care, Inc. (formerly Community
Dialysis Centers, Inc.) dated November 12,
2002.
(v) Landlord's Consent to Assignment of Lease
Agreement dated April 1, 2003.
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.
DIALYSIS CORPORATION OF AMERICA
By: /s/ Stephen W. Everett
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STEPHEN W. EVERETT, President
Dated: April 9, 2003
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