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PZZ > SEC Filings for PZZ > Form 8-K/A on 8-Jul-2009All Recent SEC Filings

Show all filings for PROSPECT MEDICAL HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K/A for PROSPECT MEDICAL HOLDINGS INC


8-Jul-2009

Completion of Acquisition or Disposition of Assets, Financial Sta


Item 2.01. Completion of Acquisition or Disposition of Assets.

This Current Report on Form 8-K/A amends the Current Report on Form 8-K/A filed on July 1, 2009 (which was an amendment to the Current Report on Form 8-K filed on April 14, 2009 (the "Original Report")), to include an additional pro forma statement of operations in Item 9.01, Financial Statements of the Business Acquired and Pro Forma Financial Information.



Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired

The required financial statements for Brotman Medical Center, Inc., a California corporation ("Brotman") are listed in exhibits 99.1 and 99.2 hereto and are hereby incorporated by reference. As set forth in the Original Report, on April 14, 2009, the U.S. Bankruptcy Court confirmed and declared effective the Second Amended Chapter 11 Plan of Reorganization (the "Plan") of Brotman. Effective on such date, Prospect Medical Holdings, Inc., a Delaware corporation ("PMH") acquired an additional 38.86% ownership interest in Brotman, increasing total ownership to 71.96% of the outstanding common stock of Brotman. The Company's ownership interest in Brotman continues to be held through its wholly-owned subsidiary, Prospect Hospital Advisory Services, Inc., a Delaware corporation (together with PMH, the "Company"). Pursuant to the terms of the Plan, the Company made additional investments in Brotman of $1,814,000 on January 13, 2009 and $705,000 on June 30, 2009.

(b) Pro Forma Financial Information

Filed as Exhibit 99.3 hereto, and hereby incorporated by reference is the unaudited condensed pro forma consolidated balance sheet and statements of operations giving pro forma effect to Brotman's emergence from Chapter 11 bankruptcy proceedings and the Company's additional investment in Brotman as of October 1, 2007, for statement of operations purposes, and March 31, 2009, for balance sheet purposes.

(d) Exhibits

The following exhibits are filed with the Form 8-K/A:

Exhibit No. Description

23.1 Consent of BDO Seidman, LLP

99.1 Audited financial statements of Brotman Medical Center, Inc. as of and for the year ended September 30, 2008

99.2 Unaudited condensed financial statements of Brotman Medical Center, Inc. as of March 31, 2009 and for the six month periods ended March 31, 2009 and 2008

99.3 Unaudited condensed pro forma consolidated financial statements


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