-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O2zwUJbZNU6RGy3WVnQYWoOFW6qA02wghl9xP6zxibpaKOymUPq1VETRxf94bF7L yaWxsqDN90rJWrWzj5RAaw== 0000891618-97-004192.txt : 19971022 0000891618-97-004192.hdr.sgml : 19971022 ACCESSION NUMBER: 0000891618-97-004192 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971021 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971021 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAYTEL MEDICAL CORP CENTRAL INDEX KEY: 0001002017 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 942787342 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27186 FILM NUMBER: 97698600 BUSINESS ADDRESS: STREET 1: 2755 CAMPUS DR STREET 2: STE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 4153490800 MAIL ADDRESS: STREET 1: 2755 CAMPUS DRIVE STREET 2: SUITE 200 CITY: SAN MATEO STATE: CA ZIP: 94403 8-K 1 FORM 8-K REPORT DATED OCTOBER 21, 1997 1 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 October 21, 1997 - -------------------------------------------------------------------------------- (Date of Report; Date of Earliest Event Reported) Raytel Medical Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware - -------------------------------------------------------------------------------- (State or other jurisdiction of incorporation) 0-27186 94-2787342 - ------------------------ --------------------------------- (Commission File Number) (IRS Employer Identification No.) 2755 Campus Drive, Suite 200, San Mateo, CA 94403 - -------------------------------------------- ---------- (address of principal executive offices) (Zip Code) (650) 349-0800 ---------------------------------------------------- (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS. On October 9, 1997, Raytel Medical Corporation (the "Company") entered into a Management Services Agreement with The Baptist Hospital of Southeast Texas located in Beaumont, Texas. Pursuant to the Agreement, Raytel will develop the Raytel Heart Center at the hospital, and will be responsible for the day-to day operations of providing the complete range of inpatient and outpatient cardiovascular care in the Raytel Heart Center. A copy of the press release announcing the completion of the agreement is attached as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements of business acquired: Not applicable. (b) Pro forma financial information. Not applicable. (c) Exhibits:
Exhibit No. Description ----------- ----------- 99.1 Press release dated October 9, 1997
-2- 3 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. RAYTEL MEDICAL CORPORATION Dated: October 21, 1997 By: /s/ E. Payson Smith, Jr. --------------------------------- E. Payson Smith, Jr. Senior Vice President and Chief Financial Officer -3- 4 EXHIBIT INDEX
Exhibit No. Description ----------- ----------- 99.1 Press release dated October 9, 1997
-4- EX-99.1 2 PRESS RELEASE DATED OCTOBER 9, 1997 1 RAYTEL MEDICAL CORPORATION EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE APPROVED BY: E. Payson Smith, Jr., CFO Contacts: E. Payson Smith, Jr., CFO (415) 349-0800 Morgan-Walke Associates Chris Danne, Todd Friedman, Doug Sherk (415) 296-7383 Sandy Badurina, Josh Passman (212) 850-5600 RAYTEL MEDICAL CORPORATION ANNOUNCES AGREEMENT TO DEVELOP HEART CENTER AT THE BAPTIST HOSPITAL OF SOUTHEAST TEXAS IN BEAUMONT SAN MATEO, CA/October 9, 1997 - Raytel Medical Corporation (NASDAQ:RTEL) today announced it has completed an agreement with the Baptist Hospital of Southeast Texas, a member of the "Five-Star" hospital network in Beaumont, TX, to develop the Raytel Heart Center at the hospital. The agreement continues Raytel's strategy of acquiring physician practices and developing heart centers in communities where those practices are located. Raytel currently manages Southeast Texas Cardiology Associates, a leading cardiology practice in the Beaumont region. The heart center agreement will enable Raytel to deliver the complete range of inpatient and outpatient cardiovascular care to the 500,000 residents of Southeast Texas, a metropolitan region encompassing the Texas cities of Beaumont, Port Arthur, and Orange. Integrated heart centers represent an innovative method of delivering high quality, cost-effective cardiac care. Under the agreement, Raytel will manage the heart center, which will provide the entire continuum of cardiovascular services, including diagnostic, therapeutic and patient wellness programs. Amongst other duties, Raytel will be responsible for the day-to-day operations of the heart center, including administrative support, information systems management, marketing and public relations activities. Raytel's relationship with Baptist Hospital parallels its standard heart center operating model. The initial term of the agreement is ten years. -MORE- 2 -2- Dick Bader, Chairman and CEO of Raytel commented, "I am delighted that we have come to an agreement with Baptist Hospital. The hospital's excellent reputation in Southeast Texas and its association with other hospitals in Southeast Texas will enable us to establish a standard of care consistent with the highest protocols in the nation." Allan Zinberg, President and COO of Raytel, added, "Our existing relationships with physician practices in the Beaumont area made this agreement a natural fit for both Raytel and the hospital, and our management team is anxious to begin developing and operating our newest heart center." David Parmer, President and CEO of Baptist Hospital, added, "This agreement is a tremendous positive for the residents of Southeast Texas. At Baptist Hospital, we have always prided ourselves on the high level of care we deliver to our patients. This agreement will allow us to extend our coverage of the region, while making sure that high quality cardiac care is affordable and available to our entire community." Raytel, headquartered in San Mateo, CA, is developing a network of integrated heart centers that are associated with existing hospitals and physician practices. These center integrate cardiologists and other physicians with the facilities through a set of diagnostic and therapeutic protocols designed to provide a high level of care at a competitive price. Integrated heart centers represent an innovative method of delivering high quality, cost-effective cardiac care. Raytel provides a variety of medical services, focusing on the needs of patients with cardiovascular disease and is the leading provider of remote cardiac monitoring and testing services utilizing transtelephonic technology in the United States. # # # -----END PRIVACY-ENHANCED MESSAGE-----