-----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, Rxga6czxjJIZ2x0HfTuQgbJWFtYBOQfAam8wyv03aXW+pUdD4SdZREtjbjzK4mKF QeZNHbss+4Y7whk1YsPi2A== 0000812191-06-000043.txt : 20060606 0000812191-06-000043.hdr.sgml : 20060606 20060606164953 ACCESSION NUMBER: 0000812191-06-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060606 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060606 DATE AS OF CHANGE: 20060606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REHABCARE GROUP INC CENTRAL INDEX KEY: 0000812191 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HOSPITALS [8060] IRS NUMBER: 510265872 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14655 FILM NUMBER: 06889694 BUSINESS ADDRESS: STREET 1: 7733 FORSYTH BLVD 17TH FLR STREET 2: SUITE 1700 CITY: ST LOUIS STATE: MO ZIP: 63105 BUSINESS PHONE: 3148637422 FORMER COMPANY: FORMER CONFORMED NAME: REHABCARE CORP DATE OF NAME CHANGE: 19940218 8-K 1 eightk606solaraclosing.htm RHB SOLARA CLOSING

 

                               

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): June 1, 2006

 

REHABCARE GROUP, INC.

(Exact name of Company as specified in its charter)

 

 

 

Delaware

0-19294

51-0265872

 

 

(State or other jurisdiction

(Commission

(I.R.S. Employer

 

 

of incorporation)

File Number)

Identification No.)

 

 

7733 Forsyth Boulevard

 

 

Suite 2300

 

 

St. Louis, Missouri

63105

 

(Address of principal executive offices)

(Zip Code)

 

(314) 863-7422

(Company's telephone number, including area code)

 

Not applicable

(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 Company under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

Item 8.01

Other Events

 

Effective June 1, 2006, RehabCare Group, Inc. (“RehabCare”), through one of its wholly owned subsidiaries, completed the previously announced purchase of substantially all of the assets of Solara Hospital of New Orleans (“the Hospital”) for a purchase price of approximately $19.7 million, consisting of cash and a $3 million subordinated promissory note. The purchase price is subject to adjustment based on acquired working capital levels to be determined in accordance with the terms of the purchase agreement. A portion of the purchase price, approximately $5.8 million, is being held in escrow to secure certain post-closing obligations of the seller.

 

The Hospital is a 44-bed long-term acute care hospital with approximately 120 employees, located on the seventh floor of West Jefferson Medical Center in Marrero, LA. The Hospital is currently leasing this space under a three-year lease agreement dated November 1, 2003. The lease, which was assigned to RehabCare, may be extended for four additional periods of three years each. The Hospital also owns an additional 12 licensed beds located at a satellite campus in New Orleans.

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 6, 2006

 

 

REHABCARE GROUP, INC.

 

 

By: /s/ Jay W. Shreiner                                  

Name: Jay W. Shreiner

Title: Senior Vice President and

Chief Financial Officer

 

 

 

 

 

 -----END PRIVACY-ENHANCED MESSAGE-----