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 23, 2005
Commission File Number: 0-30018
MERIDIAN HOLDINGS, INC.
(Exact name of registrants specified in its charter)
COLORADO 52-2133742
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
6201 Bristol Parkway
Culver City, California 90230
(213) 627-8878 Fax: (310) 215-0404
(Address, Including Zip Code, And Telephone Number, Including Area Code,
Of Registrant's Principal Executive Offices)
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SECTION 1. Registrant's Business and Operations Not Applicable
SECTION 2. Financial Information Not Applicable
SECTION 3. Securities and Trading Markets Not Applicable
SECTION 4. Matters Relating to Accountants and Financial Statements
SECTION 5. Corporate governance and Management Not Applicable
SECTION 6. Reserved Not Applicable
SECTION 7. Regulation FD Not Applicable
On December 23, 2005, the registrant issued a press release announcing that
CAPNET IPA has entered Into a Management Services Agreement with Regal
Medical Group
SECTION 8: Other Events
SECTION 9: Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
c. Exhibits
EXHIBIT ITEM. DESCRIPTION
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Exhibit 99.1 - A copy of the press release of December 23, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Meridian Holdings, Inc.
(Registrant)
Date: December 23, 2005 By:/s/ Anthony C. Dike
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Anthony C. Dike
(Chairman, Chief Executive Officer)
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE: Friday December 23, 2005, 6am EST.
Meridian's CAPNET IPA Enters Into a Management Services Agreement with Regal
Medical Group
Culver City, CA, December 23, 2005, Anthony C. Dike, Chairman and CEO of
Meridian Holdings, Inc. (OTCBB: MRDH), announced today that CAPNET IPA has
entered into a Management Services Agreement with Regal Medical Group "Regal",
based in Northridge California.
Under the terms of the agreement which becomes effective immediately, Regal
will evaluate contracts and represent CAPNET in negotiations with payors,
hospitals, ancillary vendors and physicians who provide medical services to
enrollees on behalf of CAPNET. Simultaneous to this agreement, the parties have
executed a virtual pool agreement that allows CAPNET access to over 17 managed
care contracts with various HMO/Payors within Southern California.
"We have great confidence in the talents and synergies presented by this
strategic relationship with Regal. We believe that this agreement will provide
us with the ability to rapidly grow our IPA patient membership within Southern
California, thereby increasing our revenue stream, and provide more value to our
shareholders'' said Dike.
"We are very excited in this relationship with CAPNET, and will help bring more
value to their provider network", said Will Jukes, Regional Vice president of
Regal Medical Group. "Since our formation, we have been at the forefront
in search of excellence. By combining the benefits of a well-managed and
centralized administration function with the personalized attention of community
based groups and individual practitioners, we offer a fresh perspective and
sound solutions to health care challenges" Jukes said.
About Regal Medical Group.
Regal Medical Group, represents the future in medicine. Throughout the history
of our medical group, we have diligently invested our time and resources in the
development of programs and services responsive to the healthcare needs of
today's patient, while adapting to the increasingly diverse needs of tomorrow's
health care agenda. We design our networks to offer patients a comprehensive
range of medical care in convenient locations, provide the affiliated physicians
with access to managed care contracts and establish a single provider source for
health maintenance organizations ("HMOs") and other payors to proactively manage
physician and hospital networks.
About Meridian Holdings, Inc. and CAPNET IPA
Meridian Holdings, Inc. is a Healthcare Services and Technology Company.
Meridian's network of affiliated companies is designed to encourage maximum
leverage of information technology, operational excellence, industry expertise,
and synergistic business opportunities. Meridian is committed to building
shareholder value by positioning affiliated companies as independent business
entities in which Meridian shareholders enjoy equity participation. The
company's CAPNET IPA business unit is an Independent Practice Association
physician network, located within Southern California. For more information
please visit our website at www.meho.com and www.capnet.com respectively.
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NOTE: Statements in this news release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and any amendments thereto. Material that is forward-looking
may contain statements about expected future events and/or financial results
that are forward-looking in nature. Editors and investors are cautioned that
such forward-looking statements invoke risk and uncertainties that may cause the
Company's results to differ from such forward-looking statements. These
include, but are not limited to, economic, competitive, governmental,
technological, and other factors discussed in the statements and/or in the
Company's filings with the Securities and Exchange Commission.
For more information
Please Contact
For Meridian
Anthony C. Dike/ CEO
213-627-8878
For Regal
Will Jukes/ Regional Vice President
818-654-3424