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      Matria Healthcare, Inc.
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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"><strong>UNITED
                                  STATES</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"><strong>SECURITIES
                                  AND EXCHANGE COMMISSION</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"><strong>WASHINGTON,
                                  D. C. 20549 </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"><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: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
                                  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"><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>
                                <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>TO
                                  SECTION 13 OR 15(D) OF THE</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"><strong>SECURITIES
                                  EXCHANGE ACT OF 1934</strong></font></div>
                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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                                  13, 2007</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">Date
                                  of
                                  Report (Date of earliest event reported)</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: 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>
                                <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">Delaware</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">(State
                                  or
                                  Other Jurisdiction of Incorporation)</font></div>
                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">0-20619</font></u></div>
                                        </td>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">20-2091331</font></u></div>
                                        </td>
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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>
                                        </td>
                                        <td width="25%">
                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(IRS
                                            Employer Identification
                                            No.)</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">&#160;</div>
                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
                                <div align="center">
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">1850
                                            Parkway Place, Marietta,
                                            GA&#160;</font></u></div>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2"><u>
                                            30067</u><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></font></div>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(Address
                                            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 size="2">(Zip
                                            Code)</font></div>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">770-767-4500</font></u></div>
                                        </td>
                                      </tr>
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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">(Registrant&#8217;s
                                            Telephone Number, Including Area
                                            Code)</font></div>
                                        </td>
                                      </tr>

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                                <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#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><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="center"><br></div>
                                <div align="center">
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">Not
                                            Applicable</font></u></div>
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                                          <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">(<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Former
                                            Name or Former Address, if Changed Since
                                            Last
                                            Report)</font></font></div>
                                        </td>
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                                <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; 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="justify"><br></div>
                                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><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><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                                  General
                                  Instruction A.2. below):</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 id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</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">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 id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</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">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 id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</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">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 id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings 2"><strong>*</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">Pre-commencement
                                  communications pursuant to Rule 13e-4(c) under
                                  the Exchange Act (17 CFR
                                  240.13e-4(c))</font></div>
                                <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
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                                  <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                                    2.02 </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>Results
                                    of Operations and Financial Condition.</strong></font></div>
                                  <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; 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%">

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                                          <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">See
                                              discussion below under Item 4.02.</font></div>
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                                  <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
                                  <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                                    4.02(a)</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>Non-reliance
                                    on Previously Issued Financial Statements or
                                    a Related Audit Report or Completed
                                    Interim Review.</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">
                                    <div id="lockwidth" style="WIDTH: 1024px"><br>
                                      <div id="lockwidth" style="WIDTH: 1024px"><br>
                                        <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">In
                                          connection with the preparation of its
                                          Annual Report on Form 10-K for the year
                                          ended December 31, 2006, Matria Healthcare,
                                          Inc. (the &#8220;Company&#8221;) discovered
                                          that, in its previously-issued unaudited
                                          consolidated financial statements for
                                          the three and nine months ended September
                                          30, 2006, the after-tax gain on the
                                          disposition of its former subsidiary, Facet
                                          Technologies, LLC (&#8220;Facet&#8221;), was
                                          understated by $7.3 million. As a result,
                                          on March 13, 2007, the Audit Committee
                                          of the Company&#8217;s Board of Directors, upon recommendation
                                          from management and
                                          after discussion with KPMG LLP, the Company&#8217;s independent registered public
                                          accounting firm, concluded that, due to
                                          the error, the previously issued
                                          unaudited consolidated financial statements
                                          for the three and nine months ended
                                          September 30, 2006, which were contained
                                          in the Company&#8217;s Quarterly Report on
                                          Form 10-Q filed on November 8, 2006, should
                                          not be relied upon.</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
                                          Company acquired Facet in 1999 as part
                                          of the purchase of substantially all of
                                          the assets of Gainor Medical Management,
                                          LLC (&#8220;Gainor&#8221;). In connection with the
                                          purchase of Gainor, the Company incorrectly
                                          calculated the purchase price
                                          allocation made for tax purposes. Because
                                          the original purchase price allocation
                                          made in 1999 was incorrect, when the Company
                                          disposed of Facet in September
                                          2006, the calculation of the after-tax
                                          gain on the disposition also was
                                          incorrect. As a result, the Company&#8217;s income tax expense on the gain on disposal
                                          of Facet was overstated by approximately
                                          $7.3 million. The corrected financial
                                          statements for the three and nine months
                                          ended September 30, 2006, reflect an
                                          increase of $5.5 million in the long-term
                                          portion of deferred tax assets, a
                                          decrease of $1.8 in income taxes payable,
                                          and a corresponding decrease of $7.3
                                          million in income tax expense. The net
                                          result is an increase in the gain on the
                                          disposal of Facet, net of income taxes,
                                          and an increase in diluted earnings per
                                          share from discontinued operations of $7.3
                                          million and $0.34, respectively, for
                                          the three and nine months ended September
                                          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">As
                                          explained above, these adjustments, which
                                          were detected by the Company&#8217;s
                                          year-end internal controls, were the result
                                          of an isolated event in 1999, when
                                          the tax basis for the entities acquired
                                          from Gainor was originally calculated.
                                          These adjustments do not affect the Company&#8217;s earnings from continuing
                                          operations for these periods as previously
                                          reported.</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">In
                                          connection with the filing of this Current
                                          Report on Form 8-K, the Company will
                                          file an amendment on Form 10-Q/A to its
                                          Quarterly Report on Form 10-Q for the
                                          quarter ended September 30, 2006.</font></div>
                                      </div>
                                    </div>
                                  </div>
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                                    <div id="lockwidth" style="LEFT: -24px; WIDTH: 1024px; TOP: 0px"><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"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font></div>
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                                  to the requirements of Section 12 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>
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                                        <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: "><strong>MATRIA
                                          HEALTHCARE, INC.</strong></font></td>
                                      </tr>
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                                        <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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                                        <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;&#160;
                                          March 15, 2007</font></td>
                                        <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
                                        <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/Parker
                                          </font>H. Petit</td>
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                                          <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Parker
                                          H. Petit</font></td>
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                                        <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Title:&#160;
                                          Chairman and Chief Executive Officer</font></td>
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[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "MATRIA HEALTHCARE, INC.", "secsgml_size_bytes": 39702}]
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Matria Healthcare, Inc.
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
March
                                  13, 2007
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 (
see
General
                                  Instruction A.2. below):
*
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
                                    2.02
Results
                                    of Operations and Financial Condition.
See
                                              discussion below under Item 4.02.
Item
                                    4.02(a)
Non-reliance
                                    on Previously Issued Financial Statements or
                                    a Related Audit Report or Completed
                                    Interim Review.
In
                                          connection with the preparation of its
                                          Annual Report on Form 10-K for the year
                                          ended December 31, 2006, Matria Healthcare,
                                          Inc. (the "Company") discovered
                                          that, in its previously-issued unaudited
                                          consolidated financial statements for
                                          the three and nine months ended September
                                          30, 2006, the after-tax gain on the
                                          disposition of its former subsidiary, Facet
                                          Technologies, LLC ("Facet"), was
                                          understated by $7.3 million. As a result,
                                          on March 13, 2007, the Audit Committee
                                          of the Company's Board of Directors, upon recommendation
                                          from management and
                                          after discussion with KPMG LLP, the Company's independent registered public
                                          accounting firm, concluded that, due to
                                          the error, the previously issued
                                          unaudited consolidated financial statements
                                          for the three and nine months ended
                                          September 30, 2006, which were contained
                                          in the Company's Quarterly Report on
                                          Form 10-Q filed on November 8, 2006, should
                                          not be relied upon.
The
                                          Company acquired Facet in 1999 as part
                                          of the purchase of substantially all of
                                          the assets of Gainor Medical Management,
                                          LLC ("Gainor"). In connection with the
                                          purchase of Gainor, the Company incorrectly
                                          calculated the purchase price
                                          allocation made for tax purposes. Because
                                          the original purchase price allocation
                                          made in 1999 was incorrect, when the Company
                                          disposed of Facet in September
                                          2006, the calculation of the after-tax
                                          gain on the disposition also was
                                          incorrect. As a result, the Company's income tax expense on the gain on disposal
                                          of Facet was overstated by approximately
                                          $7.3 million. The corrected financial
                                          statements for the three and nine months
                                          ended September 30, 2006, reflect an
                                          increase of $5.5 million in the long-term
                                          portion of deferred tax assets, a
                                          decrease of $1.8 in income taxes payable,
                                          and a corresponding decrease of $7.3
                                          million in income tax expense. The net
                                          result is an increase in the gain on the
                                          disposal of Facet, net of income taxes,
                                          and an increase in diluted earnings per
                                          share from discontinued operations of $7.3
                                          million and $0.34, respectively, for
                                          the three and nine months ended September
                                          30, 2006.
As
                                          explained above, these adjustments, which
                                          were detected by the Company's
                                          year-end internal controls, were the result
                                          of an isolated event in 1999, when
                                          the tax basis for the entities acquired
                                          from Gainor was originally calculated.
                                          These adjustments do not affect the Company's earnings from continuing
                                          operations for these periods as previously
                                          reported.
In
                                          connection with the filing of this Current
                                          Report on Form 8-K, the Company will
                                          file an amendment on Form 10-Q/A to its
                                          Quarterly Report on Form 10-Q for the
                                          quarter ended September 30, 2006.
SIGNATURES
Pursuant
                                  to the requirements of Section 12 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.
Date:  
                                          March 15, 2007
By:
/s/Parker
H. Petit
Parker
                                          H. Petit
Title: 
                                          Chairman and Chief Executive Officer