I Trax Inc (Other) (8-K)
September 20 2007 - 9:27AM
Edgar (US Regulatory)
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): September 20,
2007
-----------------
I-TRAX,
INC.
------------------------------------------------------
(Exact
name of registrant as specified in its charter)
Delaware
------------------------
|
001-31584
------------------------
|
23-3057155
------------------------
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
4
Hillman Drive, Suite 130
Chadds
Ford, Pennsylvania
------------------------------------------------
|
19317
------------------------------------------------
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant's
telephone number, including area
code: (610)
459-2405
N/A
-----------------------------------------------------
(Former
name or former address, if changed since last report)
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
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
|
Item
7.01 Regulation
FD Disclosure.
In
meetings with investors scheduled
for September 20 through 27, 2007, Frank A. Martin, the Chairman of I-trax,
Inc.
(
“I-trax”
or the
“Company”
), expects to update
investors on the following:
·
|
The
Company has opened six new on-site facilities since the end of the
second
quarter, bringing to 231 the total number of sites operated by the
Company. The Company now serves 105 clients in 35
states.
|
·
|
The
Company has received verbal commitments from, and is in the contracting
phase with, new or existing clients to open an additional 32 on-site
centers and pharmacies in the coming 12 to 24 months. Many of
these sites are for integrated pharmacy and primary care centers,
which
are larger and represent higher revenue and margin per
site.
|
·
|
Committed
sites include: a large, multi-site opportunity in the Midwest (which
the
Company previously announced); new primary care and pharmacy centers
for
two existing clients in the Southeast; and a primary care and pharmacy
facility that will be the largest to date for the Company. The
latter facility will open in the second half of 2008 and will increase
the
Company’s annual pass-through pharmaceutical purchases by up to $40
million, which is a material increase over current
levels.
|
This
summary does not include a number
of strategic multi-site takeovers of existing facilities, which the Company
refers to as “lift-outs,” that could further significantly increase the
Company’s growth.
SIGNATURE
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.
|
I-TRAX,
INC.
|
|
|
|
|
|
|
|
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Date: September
20, 2007
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By: /s/
Frank A. Martin
|
|
Name: Frank
A. Martin
|
|
Title: Chairman
|
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