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): April 18, 2005



                              REHABCARE GROUP, INC.
             (Exact name of registrant as specified in its charter)


   Delaware                      0-19294                  51-0265872
(State or other              (Commission File         (I.R.S. Employer
jurisdiction of                   Number)               Identification
 incorporation) Number)



          7733 Forsyth Boulevard
               23rd Floor
           St. Louis, Missouri                              63105
(Address of principal executive offices)                 (Zip Code)



       Registrant's telephone number, including area code: (314) 863-7422


     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.

[ ] 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))






Item 8.01    Other Events.

     In December 2004, the Financial  Accounting  Standards  Board (FASB) issued
Statement of Financial Accounting Standards No. 123R, "Share-Based Payment" (FAS
123R),  requiring the  recognition  of  compensation  expense for employee stock
options.  Adoption of the standard was  required  for fiscal  periods  beginning
after June 15,  2005,  which  would have been  RehabCare  Group's  third  fiscal
quarter of 2005. On April 14, 2005, the Securities and Exchange Commission (SEC)
announced  the adoption of a new rule that amends the  compliance  dates for FAS
123R  allowing  registrants  to implement  the standard at the  beginning of the
first fiscal year that begins after June 15, 2005.  For  RehabCare  Group,  that
would be January 1, 2006.

     RehabCare Group had planned to early adopt FAS 123R in the first quarter of
2005 and had reported an expected  pretax impact of $4.2  million,  or $0.15 per
diluted share after tax, on its expected full year 2005 financial results due to
the planned  adoption of the new standard.  Based on the SEC's  announcement and
the expectation that both the SEC and the FASB may issue additional interpretive
and implementation  guidance in the future, the Company has now elected to defer
the  adoption of FAS 123R until  January 1, 2006 to ensure  that its  accounting
systems  and   reporting   practices   will  fully  comply  with  the  standard.
Accordingly,  the  adoption  of FAS 123R  will no  longer  have an impact on the
Company's 2005 financial results.











                                 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.

Dated: April 18, 2005

                                       REHABCARE GROUP, INC.



                          By: /s/ Vincent L. Germanese
                               ----------------------------------------
                                  Vincent L. Germanese
                                  Senior Vice President,
                                  Chief Financial Officer
                                  and Secretary