-----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, GeNJVzF9UlPU/3zcZSxruqXssvcWoyjvkAurKkVK4fzvOnjeLFSczlNOUwzJrqR1 E2ReD1GE+R8iBFQMUbVjNA== 0000950133-97-004052.txt : 19971126 0000950133-97-004052.hdr.sgml : 19971126 ACCESSION NUMBER: 0000950133-97-004052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971124 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971125 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPLETE WELLNESS CENTERS INC CENTRAL INDEX KEY: 0001022828 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 521910135 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22115 FILM NUMBER: 97727574 BUSINESS ADDRESS: STREET 1: 725 INDEPENDENCE AVE SE CITY: WASHINGTON STATE: DC ZIP: 20003 BUSINESS PHONE: 2025436800 MAIL ADDRESS: STREET 1: 725 INDEPENDENCE AVE SE CITY: WA STATE: DC ZIP: 20003 8-K 1 COMPLETE WELLNESS CENTERS, INC FORM 8-K 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 Date of Report: November 24, 1997 Complete Wellness Centers, Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as specified in its Charter) Delaware 0-22115 52-1910135 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (I.R.S. Employer or corporation) Identification No.) 725 Independence Avenue, SE Washington, DC 20003 - -------------------------------------------------------------------------------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code: (202) 543-6800 ---------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On November 19, 1997, Complete Wellness Centers, Inc. ("CWC" or the "Company") announced that on November 18, 1997 an interdepartmental team of federal investigative officers, under the supervision of the United States Attorney for the Eastern District of Virginia, executed search warrants at the Company's headquarters and several of its other locations. The warrants and related subpoenas primarily sought the Company's patient billing records and computer systems related to various insurers including but not 2 limited to CHAMPUS, Medicare, Federal Employees Health Benefits Program, Medicaid and Blue Cross/Blue Shield of Virginia. The Company expects to have sufficient access to its files to enable it to continue normal operations during the pendency of the investigation. The Company has hired counsel to represent it in the billing investigations. Management believes that it is too early to anticipate whether such actions/investigations will have a material adverse effect on the Company's financial position or results of operations. ITEM 7. EXHIBIT Exhibit 20. Copy of the press release dated November 19, 1997 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. COMPLETE WELLNESS CENTERS, INC. Date: November 24, 1997 By: /s/ Eugene Sharer --------------------------- Eugene Sharer, President 2 EX-99 2 PRESS RELEASE 1 [COMPLETE WELLNESS CENTERS LETTERHEAD] FOR IMMEDIATE RELEASE CONTACT: NASDAQ SMC: CMWL, CMWLW C. Thomas McMillen, Chairman and CEO -or- Victoria Harris, Corporate Communications INVESTOR RELATIONS COUNSEL: Complete Wellness Centers, Inc. The Equity Group, Inc. (202) 543-6800 Linda Latman (212) 836-9609 COMPLETE WELLNESS CENTERS, INC. REPORTS EXECUTION OF FEDERAL SEARCH ------------------------------------------------------------------- WARRANTS AND RELATED SUBPOENAS ------------------------------ WASHINGTON, DC November 19, 1997 - COMPLETE WELLNESS CENTERS, INC., a multi-disciplinary physician practice management company, today announced that on November 18, 1997 an interdepartmental team of federal investigative officers under the supervision of the office of the United States Attorney for the Eastern District of Virginia, executed search warrants at the Company's headquarter office and several of its other locations. The warrants and related subpoenas primarily sought the Company's patient billing records and computer systems related to various insurers "to include but not limited to CHAMPUS, Medicare, Federal Employees Health Benefits Program (FEHBP), Medicaid and Blue Cross/Blue Shield of Virginia." Execution of the search warrant was orderly and the Company cooperated fully. The Company expects to have sufficient access to its files to enable it to continue normal operations during the pendency of the investigation. Neither the warrants nor related subpoenas stated the purpose of the investigation or the basis upon which legal process was issued. C. Thomas McMillen, Chairman and CEO of COMPLETE WELLNESS CENTERS, INC. stated, "We are surprised by the actions of the government inasmuch as the Company does very little business with the various federal health benefit programs mentioned in the warrants and does very little billing for its affiliated clinics. Management is unaware of any billing improprieties. The Company intends to cooperate fully with the investigative agencies involved and to resolve whatever issues may be presented." COMPLETE WELLNESS CENTERS, INC. develops multi-disciplinary medical clinics that offer, at one location, traditional healthcare providers, such as physicians and physical therapists, and alternative healthcare providers such as chiropractors, acupuncturists and massage therapists. COMPLETE WELLNESS CENTERS, INC. currently manages or has contracts to manage 135 centers in 21 states. Its stock and warrants trades on the NASDAQ Small Cap market under the symbols, CMWL and CMWLW, respectively. -----END PRIVACY-ENHANCED MESSAGE-----