0001185185-17-002155.txt : 20171012 0001185185-17-002155.hdr.sgml : 20171012 20171012164354 ACCESSION NUMBER: 0001185185-17-002155 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171012 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171012 DATE AS OF CHANGE: 20171012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC HEALTH CARE ORGANIZATION INC CENTRAL INDEX KEY: 0001138476 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 870285238 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50009 FILM NUMBER: 171134869 BUSINESS ADDRESS: STREET 1: 1201 DOVE STREET STREET 2: SUITE 300 CITY: NEWPORT BEACH STATE: CA ZIP: 92260 BUSINESS PHONE: (949) 721-8272 MAIL ADDRESS: STREET 1: 1201 DOVE STREET STREET 2: SUITE 300 CITY: NEWPORT BEACH STATE: CA ZIP: 92260 8-K 1 pacifichealth8k101217.htm 8-K
UNITED STATES
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): October 12, 2017  

 
PACIFIC HEALTH CARE ORGANIZATION, INC.
(Exact name of registrant as specified in its charter)
 
 
 
 
 
Utah
 
000-50009
 
87-0285238
(State or other jurisdiction of incorporation)
 
Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
 
 
 
1201 Dove Street, Suite 300, Newport Beach, California
(Address of principal executive offices)
 
92660
(Zip code)
 
(949) 721-8272
(Registrant’s telephone number, including area code)
 
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

□
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  □
Item 8.01 Other Events

On October 12, 2017, Pacific Health Care Organization, Inc. issued a press release announcing it has retained CB Capital Partners Inc. to act as its exclusive financial advisor and assist it in identifying potential merger and acquisition opportunities.  A copy of the press release is filed as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Number
  
Description
     
99.1
  


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.


 
 PACIFIC HEALTH CARE ORGANIZATION, INC.
 
 
 
 
 
 
 
Date: October 12, 2017
By:
 /s/ Tom Kubota  
 
 
Tom Kubota
 
 
Chief Executive Officer


EX-99.1 2 ex99-1.htm EX-99.1
Exhibit 99.1


Pacific Health Care Organization Retains CB Capital Partners To Assist in Identifying Potential Merger and Acquisition Opportunities.

NEWPORT BEACH, Calif., October 12, 2017 (GLOBE NEWSWIRE) -- Pacific Health Care Organization, Inc., (the “Company”) (OTCQB: PFHO), a premier specialty workers’ compensation managed care company, announced today that it has retained CB Capital Partners Inc., a west-coast based investment banking firm, to act as its exclusive financial advisor.

Tom Kubota, President and CEO of Pacific Health Care Organization, said, “As a leader in comprehensive financial advisory services for growth companies, CB Capital Partners will be an important partner as we move forward with our strategic business plan.”

CB Capital Partners has been retained as a financial advisor to Pacific Health Care Organization and will assist the Company in executing its strategic plan.

“We are impressed with Pacific Health Care Organization’s management team and business strategy and see the Company as a leader in the workers’ compensation managed care industry,” said Chris Baclawski, CEO of CB Capital Partners, Inc. “We are pleased to be assisting them with the achievement of their business objectives and mergers and acquisitions needs.”

About CB Capital Partners, Inc.
CB Capital is a global financial advisory and investment firm, comprising three practices: asset management, investment banking, and global macroeconomic research. Its primary mission is to bring innovative and value-added solutions to its clientele through a conservative and disciplined application of its diverse professional institutional investment banking talents.
Since 2001, CB Capital Partners has leveraged its business acumen and network to offer merger, acquisition, corporate financing, restructuring, fairness opinion and other related advisory services to clients across several sectors, including healthcare services, technology, digital media, IT and other technology-enabled services.
For more information please visit http://www.CBCapital.com and http://www.CBCapitalresearch.com.

About Pacific Health Care Organization, Inc.
The Company is a specialty workers’ compensation managed care company providing a range of services primarily to California employers and claims administrators.  Workers’ compensation costs continue to increase due to rising medical costs, inflation, fraud and other factors.  Medical and indemnity costs associated with workers’ compensation in the state of California are billions of dollars annually.  The Company’s focus goes beyond the medical cost of a claim, with the goal of reducing the entire cost of the claim, including medical, legal and administrative costs.  Through its wholly-owned subsidiaries, the Company provides a range of effective workers’ compensation cost containment services, including but not limited to, Health Care Organizations, Medical Provider Networks, HCO + MPN, Workers’ Compensation Carve-Outs, Utilization Review,  Medical Bill Review, Nurse Case Management, Lien Representation and Medicare Set Aside

“Safe Harbor” Statement: Statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements, including, for example, statements relating to potential merger and acquisition opportunities.  Forward-looking statements are based on management’s current judgment, expectations, estimates, projections and assumptions about future events.  While management believes these statements are reasonable, such statements are not guarantees of future results and involve certain risks and uncertainties which are difficult to predict.  Therefore, actual results may differ materially from what is stated in any forward-looking statement due to a variety of factors.  Additional information regarding these factors is contained in the Company’s filings with the Commission, including without limitation, its annual report on Form 10-K and its quarterly reports on Form
10-Q.

All forward-looking statements speak only as of the date they were made.  The Company does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

To view the Company’s annual reports, quarterly reports, current reports and other information the Company files with the U.S. Securities and Exchange Commission go to:  http://www.sec.gov.  You may also view our annual report on Form 10-K on our website at http://www.pacifichealthcareorganization.com.

Pacific Health Care Organization, Inc.
1201 Dove Street, Suite 300
Newport Beach, California 92660
(949) 236-8925
Website:  http://www.pacifichealthcareorganization.com
Contact:  Fred Odaka - CFO
Email:  fodaka@medexhco.com