UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25/A
Commission file number: 000-18839
NOTIFICATION OF LATE FILING
(CHECK ONE): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR
For Period Ended: June 30, 2002
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: N/A
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: N/A
PART I. REGISTRANT INFORMATION
United American Healthcare Corporation
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Full Name of Registrant
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Former Name if Applicable
1155 Brewery Park Boulevard, Suite 200
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Address of Principal Executive Office (Street and Number)
Detroit, Michigan 48207
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City, State and Zip Code
PART III -- NARRATIVE
(3) This Amendment only corrects a typographical error which occurred twice in
a single paragraph under the heading "CONCERNING IMPAIRMENT LOSS FOR
SOFTWARE SYSTEM," the complete text of which, as amended (corrected), is
set forth as follows:
CONCERNING IMPAIRMENT LOSS FOR SOFTWARE SYSTEM
Pursuant to its strategic information technology plan, Registrant purchased a
patient care software system from OAO Health Care Systems, to replace the claims
processing and payment system it has been using for OmniCare Health Plan
("OmniCare-MI"), a Michigan health maintenance organization administered by
Registrant under a management agreement. This purchase was intended to fulfill a
requirement of the State of Michigan's Office of Financial and Insurance
Services ("OFIS") to implement such a system for OmniCare-MI.
Registrant intended to use the new system for OmniCare-MI initially, but will
not do that after its OmniCare-MI management agreement terminates effective
November 1, 2002.* The system was not in use by Registrant at and since fiscal
2002 yearend. Management therefore has determined it was prudent to record as of
that date an impairment loss equal to the remaining carrying value of the
system.
Registrant now expects that the system will be utilized for OmniCare-TN, which
has been outsourcing its claims processing function to a third party by contract
since the third quarter of fiscal 2001. Registrant is evaluating the
capabilities of the new patient care software system for all functions required
for OmniCare-TN. It expects to spend much of fiscal year 2003 adapting the
system for compliance with Tennessee's laws and regulations, with the intent to
implement it for OmniCare-TN by early fiscal 2004. Management believes that when
implemented for OmniCare-TN, the system will fulfill OmniCare-TN's patient care
information system needs, presently as well as for any significant expansion of
membership or territory in Tennessee.
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* Registrant has received notice from OmniCare-MI that the management agreement
will be terminated effective November 1, 2002. The notice was given pursuant to
OmniCare-MI's amended rehabilitation plan, which a Michigan circuit court judge
approved on July 29, 2002. Registrant previously announced that it anticipated
the eventual termination of the OmniCare-MI management agreement back in March
2002, after the Commissioner of OFIS filed a rehabilitation plan for
OmniCare-MI.
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United American Healthcare Corporation
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(Name of Registrant as Specified in Charter)
has caused this amendment to notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 2, 2002 By: /s/ Gregory H. Moses, Jr.
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Gregory H. Moses, Jr.
President and Chief Executive Officer
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