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

                                   May 9, 2001
                                -----------------
                                (Date of Report)

                             AREMISSOFT CORPORATION
             -------------------------------------------------------
             (Exact name of registrant as specified in its charter)


    STATE OF DELAWARE               0-25713                     68-0413929
------------------------------    -------------           --------------------
(State or other jurisdiction      (Commission                 (IRS Employer
    of incorporation)             File Number)             Identification No.)


                216 Haddon Avenue, Suite 607, Westmont, NJ 08108
               ----------------------------------------------------
               (Address of principal executive offices)  (Zip Code)

       Registrant's telephone number, including area code: (856) 869-0770






<PAGE>1


Item 5. Other Events

     On  May 4,  2001,  AremisSoft  Corporation  ("AremisSoft") entered into  an
agreement with Groupe Nova, S.A. for the sale of one million  (1,000,000) shares
of  its  Common  Stock   registered  on  a  Form  S-3   Registration   Statement
(Registration  Number 333-54528) for an aggregate purchase price of $15,000,000,
or $15.00 per share representing a discount to the closing price on that date of
five percent (5%). No finders' fees or other commissions were paid in connection
with this transaction. The transaction will result in net proceeds to AremisSoft
of $15,000,000  prior to the deduction of legal and accounting  fees incurred in
connection with the transaction.

Item 7. Financial Statements and Exhibits.

     (c)  Exhibits.

     10.40 Form of Subscription Agreement for Groupe Nova, S.A.

                                                   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.



Dated: May 9, 2001                        AREMISSOFT CORPORATION



                                            By: /s/ PAUL BLOOM
                                                    ---------------------------
                                                    Paul Bloom
                                                    Executive Vice President of
                                                    Corporate Development
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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

                                   May 9, 2001
                                -----------------
                                (Date of Report)

                             AREMISSOFT CORPORATION
             -------------------------------------------------------
             (Exact name of registrant as specified in its charter)

    STATE OF DELAWARE               0-25713                     68-0413929
------------------------------    -------------           --------------------
(State or other jurisdiction      (Commission                 (IRS Employer
    of incorporation)             File Number)             Identification No.)

                216 Haddon Avenue, Suite 607, Westmont, NJ 08108
               ----------------------------------------------------
               (Address of principal executive offices)  (Zip Code)

       Registrant's telephone number, including area code: (856) 869-0770
1

Item 5. Other Events

     On  May 4,  2001,  AremisSoft  Corporation  ("AremisSoft") entered into  an
agreement with Groupe Nova, S.A. for the sale of one million  (1,000,000) shares
of  its  Common  Stock   registered  on  a  Form  S-3   Registration   Statement
(Registration  Number 333-54528) for an aggregate purchase price of $15,000,000,
or $15.00 per share representing a discount to the closing price on that date of
five percent (5%). No finders' fees or other commissions were paid in connection
with this transaction. The transaction will result in net proceeds to AremisSoft
of $15,000,000  prior to the deduction of legal and accounting  fees incurred in
connection with the transaction.

Item 7. Financial Statements and Exhibits.

     (c)  Exhibits.

     10.40 Form of Subscription Agreement for Groupe Nova, S.A.

                                                   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.

Dated: May 9, 2001                        AREMISSOFT CORPORATION

                                            By: /s/ PAUL BLOOM
                                                    ---------------------------
                                                    Paul Bloom
                                                    Executive Vice President of
                                                    Corporate Development