SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549
                                    FORM 11-K

                     [ X ]ANNUAL REPORT PURSUANT TO SECTION 
                  15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
                    For the fiscal year ended March 31, 1998
                                       or
    [   ]TRANSITION REPORT PURSUANT TO 15 (d) OF THE SECURITIES EXCHANGE ACT
            OF 1934 (NO FEE REQUIRED) for the transition period from
                        ________________to ______________


   Commission File Number  . . . . . . . . . . . . . . .  1-12992


        A.  Full title of the plan and the address of the plan, if different
   from that of the issuer named below:

        NuMED Home Health Care, Inc., Employee Stock Purchase Plan

        B.  Name of issuer of the securities held pursuant to the plan and
   the address of its principal executive office:

                          NuMED Home Health Care, Inc.
                         5770 Roosevelt Blvd., Suite 700
                              Clearwater, FL 33760


   <PAGE>

                          Audited Financial Statements
                             March 31, 1998 and 1997
                                    Contents

   Report of Independent Auditors  . . . . . . . . . . . . . 1

   Audited Financial Statements:

   Statements of Financial Condition . . . . . . . . . . . . 2

   Statements of Income and Changes in Plan Equity . . . . . 3

   Notes to Financial Statements . . . . . . . . . . . . . . 4
    
   Schedules for which provision is  made in Article 6A of Regulation S-X of
   the Securities and Exchange Commission Rules and Regulations are
   inapplicable and, therefore, have been omitted.


   <PAGE>

                         Report of Independent Auditors

   Plan Administrator
   NuMED Home Health Care, Inc.
     Employee Stock Purchase Plan

   We have audited the accompanying statements of financial condition of
   NuMED Home Health Care, Inc. Employee Stock Purchase Plan (the "Plan") as
   of March 31, 1998 and 1997, and the related statements of income and
   changes in plan equity for the years then ended.  These financial
   statements are the responsibility of the Plan's management.  Our
   responsibility is to express an opinion on these financial statements
   based on our audits.

   We conducted our audits in accordance with generally accepted auditing
   standards. Those standards require that we plan and perform the audit to
   obtain reasonable assurance about whether the financial statements are
   free of material misstatement. An audit includes examining, on a test
   basis, evidence supporting the amounts and disclosures in the financial
   statements.  An audit also includes assessing the accounting principles
   used and significant estimates made by management, as well as evaluating
   the overall financial statement presentation.  We believe that our audits
   provide a reasonable basis for our opinion.

   In our opinion, the financial statements referred to above present fairly,
   in all material respects, the financial condition of the Plan at March 31,
   1998 and 1997, and the income and changes in plan equity for the years
   then ended in conformity with generally accepted accounting principles.



                                      ERNST & YOUNG LLP

   Cleveland, Ohio
   July 21, 1998

   <PAGE>

                          NuMED Home Health Care, Inc.

                          Employee Stock Purchase Plan

                        Statements of Financial Condition




                                              March 31
                                         1998           1997
   Assets:
     Cash                              $9,151         $31,210
     Contributions receivable              72           7,520

   Liabilities:                              
     Refunds payable                  (   157)       (  6,288)
     Outstanding purchases             (7,549)        (31,055)
                                      -------         -------
   Plan equity                         $1,517          $1,387
                                      =======         =======


                       See notes to financial statements.


   <PAGE>


                          NuMED Home Health Care, Inc.

                          Employee Stock Purchase Plan

                 Statements of Income and Changes in Plan Equity




                                                    March 31
                                              1998             1997
   Income (Expense):
     Participant contributions                 $21,848       $76,053
     Interest income                               215           825
     Administrative expenses                 (     105)          (44)
     Stock purchases                           (21,828)      (76,054)
                                               -------       -------
   Increase in plan equity                         130           780
   Plan Equity:
      Beginning of year                          1,387           607
                                               -------       -------
      End of year                               $1,517        $1,387
                                               =======       =======



                        See notes to financial statements

   <PAGE>

                          NuMED Home Health Care, Inc.
                          Employee Stock Purchase Plan

                          Notes to Financial Statements


   A.  Description of Plan

   The following description of the NuMED Home Health Care, Inc. Employee
   Stock Purchase Plan ("the Plan") provides only general information. 
   Participants should refer to the text of the Plan and the Plan prospectus
   for a complete description of the Plan's provisions. NuMED Home Health
   Care, Inc. ("the Company") is the Plan sponsor.

   All eligible employees, regular full-time or part-time employees
   (excluding those who work less than 20 hours per week, those who have not
   completed a ninety day orientation period and those employees who own 5%
   or more of the Company's Common Stock are permitted to purchase Common
   Stock at 85% of the fair market value. Fair market value is defined by the
   Plan as the lessor of the average high and low trading price on the first
   and last day of the applicable option period. Option periods begin on
   April 1 and October 1 of each fiscal year. The Plan limits total employee
   purchases to a maximum of 250,000 shares with an annual individual limit
   of $25,000 or 15% of his or her total annual compensation.  The Plan was
   effective on April 6, 1995 and stock may be issued until the earlier of
   March 31, 2000 or until 250,000 shares have been purchased under the plan.

   Employees may enroll in the Plan on or before the beginning of each option
   period.  Employees  may elect to deduct 1% to  15% (cash contributions are
   not  permitted) of their pay  and may withdraw  their contributions at any
   point prior to 15 days before the end of the option period.  Contributions
   are deposited at  least monthly into an account and  then used to purchase
   Common Stock issued  directly by the  Company from  treasury shares.   The
   Company does not contribute to the Plan.

   All contributions are fully vested.

   B.  Summary of Accounting Policies

   Expenses
   Administrative expenses  of the Plan  may, at the  discretion of the  Plan
   sponsor, be paid by the Plan.  Any  expenses not paid by the Plan will  be
   paid by the Company.

   Accounting Method
   The accounting records of  the Plan are  maintained on the accrual  basis.
   Common Stock  is purchased after the  end of each option  period, March 31
   and September 30, and accounted for in the appropriate option period.


   Use of Estimates
   The  preparation  of financial  statements  in  conformity with  generally
   accepted accounting  principles requires management to  make estimates and
   assumptions that  affect the reported  amounts of assets  and liabilities,
   and disclosure  of contingent assets  and liabilities  at the date  of the
   financial statements.  Actual results could differ from those estimates.

   C. Benefits

   Individual accounts  are maintained for all  participants.  At the  end of
   the option period,  amounts representing fractional  shares remain in  the
   individual  accounts.  The sum of  these accounts plus interest income and
   less any administrative expenses paid by the Plan equals cash on deposit.

   D.  Federal Income Taxes

   The Plan meets the requirements of an "employee stock purchase plan" under
   Section  423 of  the Internal Revenue  Code where  an employee's  right to
   purchase stock is considered a stock option.  

   The Plan is not subject  to Federal Income Tax.  Employee  sales of Common
   stock purchased under the  Plan are treated as a  capital gain or loss  as
   long as the employee does not sell the stock within two years of  when the
   options are granted  or within one year of when  the shares are purchased.
   Gains or losses on sales  before the required holding period are  taxed as
   ordinary income to the employee.  The Company may deduct the excess of the
   selling price over  the purchase  price as compensation  expense on  their
   Federal  tax return for  any employee  sale of  stock purchased  under the
   Plan.

   E.  Plan Termination

   Although the Company  has no intent to  do so, the Board of  Directors may
   elect  to  discontinue  the  Plan  at  any  time.   Amounts  available  in
   participant's  accounts would either be used to purchase stock or returned
   to the participant.


   Year 2000 Issue (Unaudited)

             The Plan Sponsor  has developed  a plan to  modify its  internal
   information  technology to  be  ready  for the  year  2000 and  has  begun
   converting critical  data processing  systems. The Plan  Sponsor currently
   expects the project to be substantially  completed by early 1999. The Plan
   Sponsor does not expect this project  to have a significant effect on Plan
   operations.

   <PAGE>
                                   SIGNATURES

   Pursuant to the requirements of the Securities Exchange Act of 1934, the
   trustees have duly caused this annual report to be signed on its behalf by
   the undersigned thereunto duly authorized.

                                      NuMED Home Health  Care, Inc.  Employee
                                        Stock Purchase Plan


                                      /s/ Jugal K. Taneja
                                      Jugal K. Taneja, Trustee


   Date:  July 28, 1998