-----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, V8LSLVy5lZvwFgg07PT18IvS8qDmluSLTihW437IRipdTED42KDj0GOUAcFFDV7p hiRzw1kC4nkUQKx42wtXDg== 0000912057-97-024350.txt : 19970717 0000912057-97-024350.hdr.sgml : 19970717 ACCESSION NUMBER: 0000912057-97-024350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970701 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970716 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEXINGTON HEALTHCARE GROUP INC CENTRAL INDEX KEY: 0001026348 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SKILLED NURSING CARE FACILITIES [8051] STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22261 FILM NUMBER: 97641288 BUSINESS ADDRESS: STREET 1: 35 PARK PL CITY: NEW BRITAIN STATE: CT ZIP: 06052 BUSINESS PHONE: 8602236902 MAIL ADDRESS: STREET 1: 35 PARK PLACE CITY: NEW BRITTAIN STATE: CT ZIP: 06052 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 1, 1997 (Date of Earliest Event Reported) LEXINGTON HEALTHCARE GROUP, INC. -------------------------------- (Exact name of registrant as specified in its charter) Commission File Number 0-22261 DELAWARE 06-1468252 - -------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) identification No.) 35 PARK PLACE, NEW BRITAIN, CT 06052 - ------------------------------ ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 860-223-6902 ------------ ACQUISITION OF ASSETS (ITEM 2) On July 1, 1997, Lexington Highgreen Holding, Inc. (a wholly owned subsidiary of Lexington Healthcare Group, Inc.) purchased substantially all of the assets of two skilled nursing facilities, Greenwood Health Center and Highland Acres Extend-a-Care Center from Beverly Enterprises, Inc. These facilities are located in Hartford and Winsted, CT have 240 and 75 licensed beds respectively. All real estate, property, fixed and operating assets of the nursing homes were acquired (with the exception of certain proprietary computer hardware and systems) for a purchase price of approximately $6.8 million which was financed by a mortgage on the real estate from Nationwide Health Properties, Inc., the previous lessor to Beverly Enterprises. There is no relation between Beverly Enterprises and Lexington Healthcare Group; in 1995, Lexington Healthcare Group had acquired four nursing homes from Beverly. Pursuant to the agreements, Lexington has also acquired certain Accounts Receivable from Beverly and Beverly has agreed to reimburse Lexington for certain costs and charges in connection with the operation of the facilities during the next five years. FINANCIAL STATEMENTS (ITEM 7) Financial statements depicting the results of the acquired nursing homes through June 30, 1997 are being finalized and audited at the time of this filing. Audited financial results for the year ended June 30, 1997 will be filed within 60 days or no later than September 14, 1997. 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 thereunto duly Date July 15, 1997 ------------------ ------------------------------- (Harry Dermer, President) (Duly Authorized Officer) -----END PRIVACY-ENHANCED MESSAGE-----