-----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, JUDSGxV9zD1n0zA1Nnr4sB0OphF/9FJ2+CJWNAVGt7S7fuq8jlkbVEZGulINbsjo kXPG1HW4BisEQfssWOBq+A== 0000950115-99-000941.txt : 19990629 0000950115-99-000941.hdr.sgml : 19990629 ACCESSION NUMBER: 0000950115-99-000941 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990615 ITEM INFORMATION: FILED AS OF DATE: 19990628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIQ INC CENTRAL INDEX KEY: 0000350920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350] IRS NUMBER: 510219413 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08147 FILM NUMBER: 99653121 BUSINESS ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 BUSINESS PHONE: 6096656300 MAIL ADDRESS: STREET 1: ONE MEDIQ PLZ CITY: PENNSAUKEN STATE: NJ ZIP: 08110 8-K 1 CURRENT REPORT ================================================================================ UNITED STATES 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 Date of Report - June 15, 1999 --------------------------------- (Date of earliest event reported) MEDIQ Incorporated ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-8147 51-0219413 ------------------------------ -------------- ------------------- (State or other jurisdiction of (Commission (IRS employer incorporation or organization) file Number) identification no.) One MEDIQ Plaza, Pennsauken, NJ 08110 ---------------------------------------- (Address of principal executive offices) (609) 662-3200 ---------------- Telephone number ================================================================================ Item 2. Acquisition of Business On June 15, 1999, MEDIQ Incorporated ("the Company"), through its wholly owned subsidiary MEDIQ/PRN Life Support Services, Inc. ("MEDIQ/PRN"), acquired all of the issued and outstanding common stock of HTD Corporation ("HTD") pursuant to an Agreement and Plan of Merger ("Agreement") dated June 14, 1999. Total consideration paid by the Company was approximately $59.7 million, comprising $49.7 million in cash and $10 million aggregate value of capital stock of the Company. The Company's capital stock issued consisted of 44,225 shares of Common Stock, 513,548 shares of Series A 13.0% Cumulative Compounding Preferred Stock, 143,303 shares of Series B 13.25% Cumulative Compounding Perpetual Preferred Stock and 264,438 shares of Series C 13.5% Cumulative Compounding Preferred Stock. Funding of the cash consideration was provided by MEDIQ/PRN's acquisition and revolving credit facilities under its existing credit agreement with a syndicate of banks led by Banque Nationale de Paris and working capital. Under the terms of the Agreement, the aggregate purchase consideration paid by the Company is subject to reduction based upon certain equipment values determinable within 30 days from the date of acquisition. The Agreement also contains customary representations, warranties, covenants and indemnity provisions. Following the acquisition, HTD was merged into MEDIQ/PRN. For accounting purposes, the acquisition was effective May 28, 1999. HTD specialized in sales of disposable products, rentals of moveable medical equipment and biomedical repair services to the acute care, alternate care and home care marketplace. Contemporaneously with the Company's acquisition of HTD, HTD sold to PrimeSource Surgical, Inc. all of the issued and outstanding common stock of its subsidiaries that specialize in the acute care distribution business Item 7. Financial Statements and Exhibits (a) Financial Statements of Business Acquired The financial statements required by Rule 3.05 of Regulation S-X are not included herein. These financial statements will be filed in an amendment to this Form 8-K on or before August 30, 1999. (b) Pro Forma Financial Information The pro forma financial information required by Article 11 of Regulation S-X is not included herein. This information will be filed in an amendment to this Form 8-K on or before August 30, 1999. (c) Exhibits Exhibit 2 - Agreement and Plan of Merger dated June 14, 1999 (Incorporated herein by reference to Exhibit 2 of the Current Report on Form 8-K of MEDIQ/PRN Life Support Services, Inc. filed June 28, 1999.) Exhibit 99.1 - Press Release dated June 15, 1999 (Incorporated herein by reference to Exhibit 99.1 of the Current Report on Form 8-K of MEDIQ/PRN Life Support Services, Inc. filed June 28, 1999.) 2 MEDIQ Incorporated 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 thereunto duly authorized. MEDIQ Incorporated ------------------ (Registrant) June 28, 1999 /s/ Jay M. Kaplan - ------------- --------------------------------------- (Date) Jay M. Kaplan Senior Vice President-Finance, Treasurer and Chief Financial Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----