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): May 1, 2003 CARECENTRIC, INC. (Exact name of registrant as specified in charter) Delaware 000-22162 22-3209241 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation) 2625 Cumberland Parkway Suite 310 30339 Atlanta, Georgia (Zip Code) (Address of principal executive offices) (Registrant's telephone number including area code) (678) 264-4400 ITEM 5. OTHER EVENTS. On May 1, 2003, CareCentric, Inc. issued a press release regarding receipt of a revised proposal to take the company private. CareCentric hereby incorporates by reference herein the information set forth in its Press Release dated May 1, 2003, a copy of which is annexed hereto as Exhibit 99.1, and the proposal letter from an investor group consisting of John E. Reed, Stewart B. Reed and James A. Burk, a copy of which is annexed hereto as Exhibit 99.2. INVESTOR NOTICE If CareCentric proceeds with the revised proposed merger, then it will file with the SEC a proxy statement and other relevant documents concerning the merger. Investors of CareCentric are urged to read the proxy statement when and if filed and any other relevant documents filed with the SEC because they will contain important information. You will be able to obtain the documents free of charge at the website maintained by the SEC at www.sec.gov. In addition, you may obtain documents filed with the SEC by CareCentric free of charge by requesting them in writing from Ana McGary at CareCentric, Inc., 2625 Cumberland Parkway, Suite 310, Atlanta, GA 30339 or by telephone at (678) 264-4400. CareCentric, its directors and executive officers and certain of their employees and the investor group described previously may be deemed to be participants in the solicitation of proxies from the stockholders of CareCentric in connection with the merger, if consummated. These participants may have interests in the merger, if consummated, including interests resulting from holding options or shares of CareCentric common stock. Information about the interests of directors and executive officers of CareCentric, the investor group, and their ownership of securities of CareCentric will be set forth in the proxy statement, when and if filed. Investors should read the proxy statement carefully when and if it becomes available before making any voting or investment decision. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. EXHIBIT NUMBER DESCRIPTION ------ ----------- 99.1 Press Release dated May 1, 2003 99.2 Proposal Letter dated April 23, 2003 2 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. CARECENTRIC, INC. Date: May 1, 2003 By: /s/ John R. Festa ----------------------------------------- John R. Festa Chief Executive Officer (Principal Executive Officer) 3 1613209