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) February 28, 1997.

                       GRAHAM-FIELD HEALTH PRODUCTS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                     1-8801                 11-2578230
--------------------------------------------------------------------------------
 (State or other jurisdiction         (Commission             (IRS Employer
      of incorporation)               File Number)         Identification No.)

400 Rabro Drive East, Hauppauge, New York                            11788
--------------------------------------------------------------------------------
 (Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code  (516) 582-5900

                                 Not Applicable
--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

<PAGE>

Item 2.   Acquisition or Disposition of Assets.

          On February 28, 1997 (the "Closing Date"), Everest & Jennings Canadian
Limited ("E&J"), a wholly-owned subsidiary of Graham-Field Health Products,
Inc., a Delaware corporation (the "Registrant"), acquired substantially all of
the assets, including, but not limited to, accounts receivable, inventory,
customer lists, dealer lists and advertising materials (the "Assets") and
certain liabilities of Motion 2000 Inc. ("Motion 2000") and its wholly-owned
subsidiary, Motion 2000 Quebec Inc. ("Motion Quebec"; Motion 2000 and Motion
Quebec are collectively referred to as the "Motion 2000 Companies"), pursuant to
an Asset Purchase Agreement dated as of February 10, 1997 (the "Asset Purchase
Agreement"), by and among the Registrant, E&J, Motion 2000 and Motion Quebec.
The Asset Purchase Agreement contains customary representations and warranties
of the parties.

          In accordance with the terms of the Asset Purchase Agreement, E&J
acquired the net assets of the Motion 2000 Companies for a purchase price (the
"Purchase Price") equal to Cdn. $2.9 million (Canadian Dollars). The Purchase
Price was paid by the issuance and delivery of 187,733 shares of the common
stock, par value $.025 per share, of the Registrant, of which 28,095 shares (the
"Escrowed Shares") were delivered into escrow. The Purchase Price is subject to
adjustment if the final determination of the Closing Date Net Book Value (as
defined in the Asset Purchase Agreement) of the assets acquired by E&J is equal
to or less than Cdn. $450,000 (Canadian Dollars). All of the Escrowed Shares
will be held in escrow until the earlier to occur (the "Initial Release Date")
of June 28, 1997, or the final resolution of the Purchase Price. On the Initial
Release Date, a portion of the Escrowed Shares will be released in an amount
equal to the difference between (i) 28,095 shares and (ii) the sum of the number
of (x) any Escrowed Shares subject to any indemnification claims, (y) any
Escrowed Shares used to satisfy any adjustment to the Purchase Price, and (z)
18,729 shares. The balance of the Escrowed Shares will be released, subject to
any claims for indemnification, on December 31, 1997.

          The former principal of Motion 2000, Marco Ferrara, entered into a
three (3) year employment agreement dated as of February 28, 1997, pursuant to
which Mr. Ferrara has been appointed the President of Graham-Field (Canada), a
division of E&J.

          The Motion 2000 Companies distribute a line of walkers, rollators and
pediatric wheelchair products and manufacture certain cushion products. For the
most recent fiscal year ended, the Motion 2000 Companies generated annual
revenues of approximately Cdn. $6 million (Canadian Dollars).


                                      - 2 -

<PAGE>

Item 7.   Financial Statements, Pro-Forma Financial Information and Exhibits.

               (a) Financial Statements. It is impracticable to provide the
          required financial information concurrently with the filing of this
          report. The Registrant will file the required financial statements as
          soon as practicable, but in no event later than sixty (60) days after
          the due date of this Current Report on Form 8-K.

               (b) Pro-Forma Financial Information and Interim Financial
          Statements. It is impracticable to provide the required pro-forma
          financial information and interim financial statements concurrently
          with the filing of this report. The Registrant will file the required
          pro-forma financial information and interim financial statements as
          soon as practicable, but in no event later than sixty (60) days after
          the due date of this Current Report on Form 8-K.

               (c) Exhibits:

                   Exhibit No.   Description

                   2(a)          Asset Purchase Agreement* dated as of February
                                 10, 1997, by and among Graham-Field Health
                                 Products, Inc. (the "Registrant"), Everest &
                                 Jennings Canadian Limited ("E&J"), Motion 2000
                                 Inc. ("Motion 2000"), and Motion 2000 Quebec
                                 Inc. ("Motion Quebec").

                   10(a)         Escrow Agreement dated as of February 28, 1997,
                                 by and among the Registrant, E&J, Motion 2000,
                                 Motion Quebec, and Robert E. Lesser, as escrow
                                 agent.

                   10(b)         Employment Agreement dated as of February 28,
                                 1997, by and between E&J and Marco Ferrara.

--------
*    The Registrant shall furnish all omitted schedules and exhibits to the
     Asset Purchase Agreement dated as of February 10, 1997, by and among the
     Registrant, E&J, Motion 2000 and Motion Quebec, upon the request of the
     Securities and Exchange Commission.


                                      - 3 -

<PAGE>

                   99(a)         Press Release dated February 11, 1997.

                   99(b)         Press Release dated March 5, 1997.


                                      - 4 -

<PAGE>

                                   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.


                                       GRAHAM-FIELD HEALTH PRODUCTS, INC.



Date:  March 12, 1997                       By: /s/Irwin Selinger
                                                --------------------------------
                                                Irwin Selinger
                                                Chairman of the Board and
                                                Chief Executive Officer


                                      - 5 -

<PAGE>

                                  EXHIBIT INDEX

Item No.                            Description                       Page No.

2(a)           Asset Purchase Agreement** dated as of
               February 10, 1997, by and among Graham-
               Field Health Products, Inc. (the
               "Registrant"), Everest & Jennings Canadian
               Limited ("E&J"), Motion 2000 Inc. ("Motion
               2000"), and Motion 2000 Quebec Inc.
               ("Motion Quebec").

10(a)          Escrow Agreement dated as of February 28,
               1997, by and among the Registrant, E&J,
               Motion 2000, Motion Quebec, and Robert E.
               Lesser, as escrow agent.

10(b)          Employment Agreement dated as of February
               28, 1997, by and between E&J and Marco
               Ferrara.

99(a)          Press Release dated February 11, 1997.

99(b)          Press Release dated March 5, 1997.

--------
**   The Registrant shall furnish all omitted schedules and exhibits to the
     Asset Purchase Agreement dated as of February 10, 1997, by and among the
     Registrant, Motion 2000 and Motion Quebec, upon the request of the
     Securities and Exchange Commission.


                                      - 6 -
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{"company-data": {"conformed-name": "GRAHAM FIELD HEALTH PRODUCTS INC", "cik": "0000709136", "assigned-sic": "5047", "irs-number": "112578230", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08801", "film-number": "97554935"}, "business-address": {"street1": "400 RABRO DR E", "city": "HAUPPAUGE", "state": "NY", "zip": "11788", "phone": "5165825800"}, "mail-address": {"street1": "400 RABNO DRIVE EAST", "city": "HAUPPAUGE", "state": "NY", "zip": "11788"}, "former-company": {"former-conformed-name": "PATIENT TECHNOLOGY INC", "date-changed": "19880811"}}
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) February 28, 1997.

                       GRAHAM-FIELD HEALTH PRODUCTS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                     1-8801                 11-2578230
--------------------------------------------------------------------------------
 (State or other jurisdiction         (Commission             (IRS Employer
      of incorporation)               File Number)         Identification No.)

400 Rabro Drive East, Hauppauge, New York                            11788
--------------------------------------------------------------------------------
 (Address of principal executive offices)                           (Zip Code)

Registrant's telephone number, including area code  (516) 582-5900

                                 Not Applicable
--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
Item 2.   Acquisition or Disposition of Assets.

          On February 28, 1997 (the "Closing Date"), Everest & Jennings Canadian
Limited ("E&J"), a wholly-owned subsidiary of Graham-Field Health Products,
Inc., a Delaware corporation (the "Registrant"), acquired substantially all of
the assets, including, but not limited to, accounts receivable, inventory,
customer lists, dealer lists and advertising materials (the "Assets") and
certain liabilities of Motion 2000 Inc. ("Motion 2000") and its wholly-owned
subsidiary, Motion 2000 Quebec Inc. ("Motion Quebec"; Motion 2000 and Motion
Quebec are collectively referred to as the "Motion 2000 Companies"), pursuant to
an Asset Purchase Agreement dated as of February 10, 1997 (the "Asset Purchase
Agreement"), by and among the Registrant, E&J, Motion 2000 and Motion Quebec.
The Asset Purchase Agreement contains customary representations and warranties
of the parties.

          In accordance with the terms of the Asset Purchase Agreement, E&J
acquired the net assets of the Motion 2000 Companies for a purchase price (the
"Purchase Price") equal to Cdn. $2.9 million (Canadian Dollars). The Purchase
Price was paid by the issuance and delivery of 187,733 shares of the common
stock, par value $.025 per share, of the Registrant, of which 28,095 shares (the
"Escrowed Shares") were delivered into escrow. The Purchase Price is subject to
adjustment if the final determination of the Closing Date Net Book Value (as
defined in the Asset Purchase Agreement) of the assets acquired by E&J is equal
to or less than Cdn. $450,000 (Canadian Dollars). All of the Escrowed Shares
will be held in escrow until the earlier to occur (the "Initial Release Date")
of June 28, 1997, or the final resolution of the Purchase Price. On the Initial
Release Date, a portion of the Escrowed Shares will be released in an amount
equal to the difference between (i) 28,095 shares and (ii) the sum of the number
of (x) any Escrowed Shares subject to any indemnification claims, (y) any
Escrowed Shares used to satisfy any adjustment to the Purchase Price, and (z)
18,729 shares. The balance of the Escrowed Shares will be released, subject to
any claims for indemnification, on December 31, 1997.

          The former principal of Motion 2000, Marco Ferrara, entered into a
three (3) year employment agreement dated as of February 28, 1997, pursuant to
which Mr. Ferrara has been appointed the President of Graham-Field (Canada), a
division of E&J.

          The Motion 2000 Companies distribute a line of walkers, rollators and
pediatric wheelchair products and manufacture certain cushion products. For the
most recent fiscal year ended, the Motion 2000 Companies generated annual
revenues of approximately Cdn. $6 million (Canadian Dollars).

                                      - 2 -
Item 7.   Financial Statements, Pro-Forma Financial Information and Exhibits.

               (a) Financial Statements. It is impracticable to provide the
          required financial information concurrently with the filing of this
          report. The Registrant will file the required financial statements as
          soon as practicable, but in no event later than sixty (60) days after
          the due date of this Current Report on Form 8-K.

               (b) Pro-Forma Financial Information and Interim Financial
          Statements. It is impracticable to provide the required pro-forma
          financial information and interim financial statements concurrently
          with the filing of this report. The Registrant will file the required
          pro-forma financial information and interim financial statements as
          soon as practicable, but in no event later than sixty (60) days after
          the due date of this Current Report on Form 8-K.

               (c) Exhibits:

                   Exhibit No.   Description

                   2(a)          Asset Purchase Agreement* dated as of February
                                 10, 1997, by and among Graham-Field Health
                                 Products, Inc. (the "Registrant"), Everest &
                                 Jennings Canadian Limited ("E&J"), Motion 2000
                                 Inc. ("Motion 2000"), and Motion 2000 Quebec
                                 Inc. ("Motion Quebec").

                   10(a)         Escrow Agreement dated as of February 28, 1997,
                                 by and among the Registrant, E&J, Motion 2000,
                                 Motion Quebec, and Robert E. Lesser, as escrow
                                 agent.

                   10(b)         Employment Agreement dated as of February 28,
                                 1997, by and between E&J and Marco Ferrara.

--------
*    The Registrant shall furnish all omitted schedules and exhibits to the
     Asset Purchase Agreement dated as of February 10, 1997, by and among the
     Registrant, E&J, Motion 2000 and Motion Quebec, upon the request of the
     Securities and Exchange Commission.

                                      - 3 -
99(a)         Press Release dated February 11, 1997.

                   99(b)         Press Release dated March 5, 1997.

                                      - 4 -
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.

                                       GRAHAM-FIELD HEALTH PRODUCTS, INC.

Date:  March 12, 1997                       By: /s/Irwin Selinger
                                                --------------------------------
                                                Irwin Selinger
                                                Chairman of the Board and
                                                Chief Executive Officer

                                      - 5 -
EXHIBIT INDEX

Item No.                            Description                       Page No.

2(a)           Asset Purchase Agreement** dated as of
               February 10, 1997, by and among Graham-
               Field Health Products, Inc. (the
               "Registrant"), Everest & Jennings Canadian
               Limited ("E&J"), Motion 2000 Inc. ("Motion
               2000"), and Motion 2000 Quebec Inc.
               ("Motion Quebec").

10(a)          Escrow Agreement dated as of February 28,
               1997, by and among the Registrant, E&J,
               Motion 2000, Motion Quebec, and Robert E.
               Lesser, as escrow agent.

10(b)          Employment Agreement dated as of February
               28, 1997, by and between E&J and Marco
               Ferrara.

99(a)          Press Release dated February 11, 1997.

99(b)          Press Release dated March 5, 1997.

--------
**   The Registrant shall furnish all omitted schedules and exhibits to the
     Asset Purchase Agreement dated as of February 10, 1997, by and among the
     Registrant, Motion 2000 and Motion Quebec, upon the request of the
     Securities and Exchange Commission.

                                      - 6 -