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      Form 8-K Completion of Acquisition or Disposition of Assets
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            <div>&#160;</div>
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              STATES</strong></font></div>
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              AND EXCHANGE COMMISSION</strong></font></div>
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              D. C. 20549 </strong></font></div>
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              8-K</strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
              REPORT PURSUANT</strong></font></div>
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              SECTION 13 OR 15(D) OF THE</strong></font></div>
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              EXCHANGE ACT OF 1934</strong></font></div>
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              17, 2006</strong></font></div>
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              of
              Report </font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Date
              of
              earliest event reported)</font></div>
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            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>Matria
              Healthcare, Inc.</strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
              Name of Registrant as Specified in Its Charter)</font></div>
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              or
              Other Jurisdiction of Incorporation)</font></div>
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                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><u><font size="2">0-20619</font></u></strong></div>
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                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><u><font size="2">20-2091331</font></u></strong></div>
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                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Commission
                        File Number)</font></div>
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                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(IRS
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                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><u><font size="2">1850
                          Parkway Place, Marietta,
                          GA&#160;</font></u></strong></div>
                      </td>
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                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>30067</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font></div>
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                          of Principal Executive
                          Offices)</font></div>
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                        <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;(Zip
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            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant's
              Telephone Number, Including Area Code)</font></div>
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              Applicable</u></strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
              Name or Former Address, if Changed Since Last Report)</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            <div>&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
              communications pursuant to Rule 425 under the Securities Act (17 CFR
              230.425)</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
              material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
              240.14a-12)</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
              communications pursuant to Rule 14d-2(b) under the Exchange Act (17&#160;CFR
              240.14d-2(b))</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
              communications pursuant to Rule 13e-4(c) under the Exchange Act (17
              CFR
              240.13e-4(c))</font></div><br>
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                </div>
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            </div><br>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
              2.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Completion
              of Acquisition or Disposition of Assets</strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
              October 17, 2006, Matria Healthcare, Inc. (&#8220;Matria&#8221;) completed its previously
              reported disposition of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Matria
              Holding GmbH</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
              the
              direct parent of Dia Real and eu-medical (the &#8220;GmbH Disposition&#8221;), pursuant to
              the Sale and Purchase Agreement, dated September 22, 2006, by and among
              Matria,
              Diabetes Acquisition, Inc., a wholly owned subsidiary of Matria, OPG
              Groep N.V.
              and OPG Groep N.V.'s wholly-owned subsidiary, OPG Holding GmbH (the
&#8220;GmbH
              Purchaser&#8221;). The GmbH Purchaser paid Matria approximately $33 million in cash,
              subject to adjustments as set forth in the Sale and Purchase
              Agreement.</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
              previously disclosed, on September 1, 2006, Matria completed its disposition
              of
              Facet Technologies, LLC (&#8220;Facet&#8221;), a wholly owned subsidiary of Matria, pursuant
              to the Membership Interest Purchase Agreement dated July 26, 2006,
              by and among
              Matria, Facet and Facet Acquisition LLC (the &#8220;Facet Purchaser&#8221;), an affiliate of
              Water Street Capital Partners, L.P., a Chicago-based private equity
              firm
              specializing in healthcare investments (the &#8220;Facet Disposition&#8221;). Pursuant to
              the terms of the Facet Purchase Agreement, the Facet Purchaser paid
              Matria
              approximately $122 million in cash as consideration for the Facet Disposition,
              subject to certain adjustments set forth in the Membership Interest
              Purchase
              Agreement.</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Attached
              to this Report as Exhibit 99.1 is an unaudited pro forma condensed
              balance sheet
              that is based on the historical financial statements after giving effect
              to (i)
              the gain on the GmbH Disposition, (ii) the gain on the Facet Disposition
              and
              (iii) the repayment of debt with estimated net proceeds from these
              dispositions.
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
              pro
              forma condensed consolidated statements of operations are not required
              for this
              Form 8-K as the effect of the GmbH Disposition and the Facet Disposition
              has
              been fully reflected in net income from continuing operations included
              in
              Matria&#8217;s historical consolidated statements of operations.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
              The
              unaudited pro forma condensed balance sheet includes specific assumptions
              and
              adjustments related to the GmbH Disposition and the Facet Disposition.
              The
              adjustments are based upon presently available information and assumptions
              that
              management believes are reasonable under the circumstances as of the
              date of
              this filing. However, actual adjustments may differ materially from
              the
              information presented. The unaudited pro forma condensed balance sheet,
              including the notes thereto, should be read in conjunction with the
              historical
              consolidated financial statements and accompanying notes included in
              Matria&#8217;s
              Annual Report on Form 10-K for the year ended December 31, 2005, and
              in Matria&#8217;s
              Quarterly Report on Form 10-Q for the quarterly period ended June 30,
              2006.</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
              unaudited pro forma condensed consolidated financial information is
              presented
              for informational purposes only. </font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
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                <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
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            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
              9.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 63pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
              Statements and Exhibits.</strong></font></div>
            <div>&#160;</div>
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                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td width="5%">&#160;<strong><font size="2">(b)</font></strong></td>
                    <td width="90%"><strong><font size="2">Pro forma financial
                      information.</font></strong></td>
                  </tr>

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            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font>&#160;</div>
            <div>
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                  <tr valign="top" style="line-height: 1.25;">
                    <td style="width: 36pt;">&#160;</td>
                    <td style="width: 36pt;">&#160;</td>
                    <td>
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
                        The pro forma financial information with respect to the transactions
                        described in Item 2.01 is filed as Exhibit 99.1 to this Form
                        8-K and
                        incorporated herein by this
                        reference.</font></div>
                    </td>
                  </tr>

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                    <td width="5%">&#160;</td>
                    <td width="5%">&#160;<strong><font size="2">(d)</font></strong><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
                    <td width="90%"><strong><font size="2">Exhibits.</font></strong></td>
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                    <td width="5%">&#160;</td>
                    <td width="90%"><font size="2">The following exhibits are filed
                      herewith:</font></td>
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            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font><br></div>
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                    </td>
                    <td align="left" valign="bottom" width="5%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Number</strong></font></div>
                    </td>
                    <td align="left" valign="top" width="90%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description
                        of Exhibits</strong></font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 135pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div align="center">
              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td valign="top" width="5%">&#160;<font size="2">2.1</font></td>
                    <td width="90%"><font size="2">Membership Interest Purchase
                      Agreement dated
                      July 26, 2006 by and among Matria Healthcare, Inc., Facet Technologies,
                      LLC and Facet Acquisition LLC (incorporated by reference from
                      Matria&#8217;s
                      Form 8-K filed on July 31, 2006).</font></td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td width="5%">&#160;</td>
                    <td width="90%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td valign="top" width="5%">&#160;<font size="2">2.2</font></td>
                    <td width="90%"><font size="2">Sale and Purchase Agreement
                      dated September
                      22, 2006, by and among Matria Healthcare, Inc., Diabetes Acquisition,
                      Inc., OPG Holding GmbH and OPG Groep N.V. (incorporated by
                      reference from
                      Matria&#8217;s Form 8-K filed on September 27, 2006).</font></td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td width="5%">&#160;</td>
                    <td width="90%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="5%">&#160;</td>
                    <td valign="top" width="5%">&#160;<font size="2">99.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></td>
                    <td width="90%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Matria&#8217;s
                      unaudited pro forma condensed balance sheet as of June 30,
                      2006, giving
                      effect to the GmbH Disposition and the Facet
                      Disposition.</font></td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 126pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font><br>&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 126pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font><br>&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 135pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 135pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
            <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div id="FTR">
                <div id="GLFTR" style="WIDTH: 100%" align="left">
                </div>
              </div>
              <div id="PN" style="PAGE-BREAK-AFTER: always">
                <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                  <hr style="COLOR: black" noshade size="2">
                </div>
              </div>
              <div id="HDR">
                <div id="GLHDR" style="WIDTH: 100%" align="right">
                </div>
                <div style="WIDTH: 100%" align="left">
                </div>
              </div>
            </div><br><br>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div align="center">
              <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

                  <tr bgcolor="white">
                    <td colspan="2" width="50%">&#160;</td>
                    <td width="50%">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Matria
                      Healthcare, Inc.</font></td>
                  </tr>
                  <tr bgcolor="white">
                    <td colspan="2" width="50%">&#160;</td>
                    <td width="50%">&#160;</td>
                  </tr>
                  <tr bgcolor="white">
                    <td width="2%">&#160;</td>
                    <td width="48%"><font size="2">Dated: October 23, 2006</font></td>
                    <td width="50%">&#160;<font size="2">By:&#160;&#160; <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                      Parker H. Petit</u></font></font></td>
                  </tr>
                  <tr bgcolor="white">
                    <td colspan="2" width="50%">&#160;</td>
                    <td width="50%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font size="2">Parker H. Petit</font></td>
                  </tr>
                  <tr bgcolor="white">
                    <td colspan="2" width="50%">&#160;</td>
                    <td width="50%">&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chairman
                      and Chief Executive Officer</font></td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 243pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><br></div><br>
            <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div id="FTR">
                <div id="GLFTR" style="WIDTH: 100%" align="left">
                </div>
              </div>
              <div id="PN" style="PAGE-BREAK-AFTER: always">
                <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                  <hr style="COLOR: black" noshade size="2">
                </div>
              </div>
              <div id="HDR">
                <div id="GLHDR" style="WIDTH: 100%" align="right">
                </div>
              </div>
            </div><br>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
              INDEX</strong></font></div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
            <div align="left">
              <table cellpadding="0" cellspacing="0" width="100%">

                  <tr>
                    <td align="left" valign="top" width="9%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Number</strong></font></div>
                    </td>
                    <td align="left" colspan="2" valign="top" width="91%" style="border-bottom: black thin solid;">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description
                        of Exhibits</strong></font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div>
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                  <tr valign="top" style="line-height: 1.25;">
                    <td style="width: 54pt;">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.1</font></div>
                    </td>
                    <td>
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Membership
                        Interest Purchase Agreement dated July 26, 2006 by and among
                        Matria
                        Healthcare, Inc., Facet Technologies, LLC and Facet Acquisition
                        LLC
                        (incorporated by reference from Matria&#8217;s Form 8-K filed on July 31,
                        2006).</font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div>
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                  <tr valign="top" style="line-height: 1.25;">
                    <td style="width: 54pt;">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.2</font></div>
                    </td>
                    <td>
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sale
                        and Purchase Agreement dated September 22, 2006, by and among
                        Matria
                        Healthcare, Inc., Diabetes Acquisition, Inc., OPG Holding
                        GmbH and OPG
                        Groep N.V. (incorporated by reference from Matria&#8217;s Form 8-K filed on
                        September 27, 2006).</font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
            <div>
              <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

                  <tr valign="top" style="line-height: 1.25;">
                    <td style="width: 54pt;">
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
                    </td>
                    <td>
                      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Matria&#8217;s
                        unaudited pro forma condensed balance sheet as of June 30,
                        2006, giving
                        effect to the GmbH Disposition and the Facet Disposition.
                        </font></div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
            <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
              <div id="FTR">
                <div id="GLFTR" style="WIDTH: 100%" align="left">
                </div>
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              <div id="PN" style="PAGE-BREAK-AFTER: always">
                <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
                <div style="WIDTH: 100%; TEXT-ALIGN: center">
                  <hr style="COLOR: black" noshade size="2">
                </div>
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[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "FORM 8-K DISPOSITION OF MATRIA HOLDING GMBH", "secsgml_size_bytes": 42714}]
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Form 8-K Completion of Acquisition or Disposition of Assets
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
October
              17, 2006
Date
              of
              Report
(Date
              of
              earliest event reported)
Matria
              Healthcare, Inc.
(Exact
              Name of Registrant as Specified in Its Charter)
Delaware
(State
              or
              Other Jurisdiction of Incorporation)
0-20619
20-2091331
(Commission
                        File Number)
(IRS
                        Employer Identification
                        No.)
1850
                          Parkway Place, Marietta,
                          GA
30067
(Address
                          of Principal Executive
                          Offices)
(Zip
                          Code)
770-767-4500
(Registrant's
              Telephone Number, Including Area Code)
Not
              Applicable
(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
              2.01.
Completion
              of Acquisition or Disposition of Assets
On
              October 17, 2006, Matria Healthcare, Inc. ("Matria") completed its previously
              reported disposition of
Matria
              Holding GmbH
,
              the
              direct parent of Dia Real and eu-medical (the "GmbH Disposition"), pursuant to
              the Sale and Purchase Agreement, dated September 22, 2006, by and among
              Matria,
              Diabetes Acquisition, Inc., a wholly owned subsidiary of Matria, OPG
              Groep N.V.
              and OPG Groep N.V.'s wholly-owned subsidiary, OPG Holding GmbH (the
"GmbH
              Purchaser"). The GmbH Purchaser paid Matria approximately $33 million in cash,
              subject to adjustments as set forth in the Sale and Purchase
              Agreement.
As
              previously disclosed, on September 1, 2006, Matria completed its disposition
              of
              Facet Technologies, LLC ("Facet"), a wholly owned subsidiary of Matria, pursuant
              to the Membership Interest Purchase Agreement dated July 26, 2006,
              by and among
              Matria, Facet and Facet Acquisition LLC (the "Facet Purchaser"), an affiliate of
              Water Street Capital Partners, L.P., a Chicago-based private equity
              firm
              specializing in healthcare investments (the "Facet Disposition"). Pursuant to
              the terms of the Facet Purchase Agreement, the Facet Purchaser paid
              Matria
              approximately $122 million in cash as consideration for the Facet Disposition,
              subject to certain adjustments set forth in the Membership Interest
              Purchase
              Agreement.
Attached
              to this Report as Exhibit 99.1 is an unaudited pro forma condensed
              balance sheet
              that is based on the historical financial statements after giving effect
              to (i)
              the gain on the GmbH Disposition, (ii) the gain on the Facet Disposition
              and
              (iii) the repayment of debt with estimated net proceeds from these
              dispositions.
The
              pro
              forma condensed consolidated statements of operations are not required
              for this
              Form 8-K as the effect of the GmbH Disposition and the Facet Disposition
              has
              been fully reflected in net income from continuing operations included
              in
              Matria's historical consolidated statements of operations.
The
              unaudited pro forma condensed balance sheet includes specific assumptions
              and
              adjustments related to the GmbH Disposition and the Facet Disposition.
              The
              adjustments are based upon presently available information and assumptions
              that
              management believes are reasonable under the circumstances as of the
              date of
              this filing. However, actual adjustments may differ materially from
              the
              information presented. The unaudited pro forma condensed balance sheet,
              including the notes thereto, should be read in conjunction with the
              historical
              consolidated financial statements and accompanying notes included in
              Matria's
              Annual Report on Form 10-K for the year ended December 31, 2005, and
              in Matria's
              Quarterly Report on Form 10-Q for the quarterly period ended June 30,
              2006.
The
              unaudited pro forma condensed consolidated financial information is
              presented
              for informational purposes only.
2
Item
              9.01.
Financial
              Statements and Exhibits.
(b)
Pro forma financial
                      information.
The pro forma financial information with respect to the transactions
                        described in Item 2.01 is filed as Exhibit 99.1 to this Form
                        8-K and
                        incorporated herein by this
                        reference.
(d)
Exhibits.
The following exhibits are filed
                      herewith:
Exhibit
Number
Description
                        of Exhibits
2.1
Membership Interest Purchase
                      Agreement dated
                      July 26, 2006 by and among Matria Healthcare, Inc., Facet Technologies,
                      LLC and Facet Acquisition LLC (incorporated by reference from
                      Matria's
                      Form 8-K filed on July 31, 2006).
2.2
Sale and Purchase Agreement
                      dated September
                      22, 2006, by and among Matria Healthcare, Inc., Diabetes Acquisition,
                      Inc., OPG Holding GmbH and OPG Groep N.V. (incorporated by
                      reference from
                      Matria's Form 8-K filed on September 27, 2006).
99.1
Matria's
                      unaudited pro forma condensed balance sheet as of June 30,
                      2006, giving
                      effect to the GmbH Disposition and the Facet
                      Disposition.
3
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.
Matria
                      Healthcare, Inc.
Dated: October 23, 2006
By:
/s/
                      Parker H. Petit
Parker H. Petit
Chairman
                      and Chief Executive Officer
4
EXHIBIT
              INDEX
Exhibit
Number
Description
                        of Exhibits
2.1
Membership
                        Interest Purchase Agreement dated July 26, 2006 by and among
                        Matria
                        Healthcare, Inc., Facet Technologies, LLC and Facet Acquisition
                        LLC
                        (incorporated by reference from Matria's Form 8-K filed on July 31,
                        2006).
2.2
Sale
                        and Purchase Agreement dated September 22, 2006, by and among
                        Matria
                        Healthcare, Inc., Diabetes Acquisition, Inc., OPG Holding
                        GmbH and OPG
                        Groep N.V. (incorporated by reference from Matria's Form 8-K filed on
                        September 27, 2006).
99.1
Matria's
                        unaudited pro forma condensed balance sheet as of June 30,
                        2006, giving
                        effect to the GmbH Disposition and the Facet Disposition.
5