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) DECEMBER 15, 2004
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UNITED AMERICAN HEALTHCARE CORPORATION
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(Exact name of registrant as specified in its charter)
MICHIGAN 000-18839 38-2526913
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
300 RIVER PLACE, SUITE 4950, DETROIT, MICHIGAN 48027
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (313) 393-4571
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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 communication pursuant to Rule 425 under the Securities Act.
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act.
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act.
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
The Company's wholly owned subsidiary, OmniCare Health Plan, Inc., in Tennessee
("OmniCare"), is one of a number of managed care organizations ("MCOs") having
contracts with TennCare, a State of Tennessee program that provides medical
benefits to Medicaid and working uninsured and uninsurable recipients. For all
its contracted MCOs, TennCare earlier changed its reimbursement system to an
administrative services only ("ASO") program for an initially declared 18-month
stabilization period (July 1, 2002 through December 31, 2003), during which the
MCOs - including OmniCare - had no medical cost risk (i.e., no risk for medical
losses), earned fixed administrative fees, were subject to increased oversight,
and may incur financial penalties for not achieving certain performance
requirements. Through contractual amendments in the past two years, TennCare
extended the ASO reimbursement system applicable to OmniCare, first through June
30, 2004, and then through December 31, 2004. TennCare recently provided
OmniCare a further written amendment, which OmniCare has signed and sent back to
be signed by TennCare, extending through December 31, 2005, the ASO
reimbursement system applicable to OmniCare.
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.
Date: December 15, 2004 UNITED AMERICAN HEALTHCARE CORPORATION
By: /s/ Stephen D. Harris
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Name: Stephen D. Harris
Title: Chief Financial Officer