<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  FORM 10-Q/A



 [x]             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

                 For the Quarterly period Ended September 30, 2000

                                      OR

 [ ]             TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

      For the transition period from                    to                  .

                           Commission File No. 0-9407
                                REHABILICARE INC.
             (Exact name of registrant as specified in its charter)

            MINNESOTA                                    41-0985318
 (State or other jurisdiction of            (I.R.S. Employer Identification No.)
  incorporation or organization)

                               1811 OLD HIGHWAY 8
                          NEW BRIGHTON, MINNESOTA 55112
                    (Address of principal executive offices)

                                 (651) 631-0590
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes   X     No
    -----      -----

Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of November 10, 2000 was:

COMMON STOCK, $.10 PAR VALUE                                   10,764,487 SHARES



<PAGE>   2


                       REHABILICARE INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)



<TABLE>
<CAPTION>

                                                                                September 30,           June 30,
                                                                                    2000                  2000
                                                                              ------------------     ---------------
<S>                                                                          <C>                     <C>
                                   ASSETS


CURRENT ASSETS:
   Cash and cash equivalents                                                  $        1,562,330     $      2,227,352
   Receivables, less reserve for uncollectible accounts of $6,542,635                 17,876,319           19,268,252
        and $6,575,715
   Inventories -
     Raw materials                                                                     1,828,888            1,283,791
     Work in process                                                                      95,171              334,900
     Finished goods                                                                    6,313,531            6,817,964
   Deferred tax assets                                                                 3,351,294            3,351,294
   Prepaid expenses                                                                    2,084,541            1,404,968
                                                                              ------------------     ----------------
         Total current assets                                                         33,112,074           34,688,521
                                                                              ------------------      ---------------

PROPERTY, PLANT AND EQUIPMENT:                                                        13,127,256           11,877,772
   Less accumulated depreciation                                                      (7,733,413)          (6,281,597)
                                                                              ------------------     ----------------
         Net property, plant and equipment                                             5,393,843            5,596,175
                                                                              ------------------     ----------------

  Intangible assets, net                                                              11,878,175           12,152,185
  Deferred tax assets                                                                    196,769              223,923
  Other assets                                                                           462,095               47,158
                                                                              ------------------     ----------------
                                                                              $       51,042,956     $     52,707,962
                                                                              ==================     ================
                    LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:
   Current maturities of long-term debt                                       $        2,164,723     $      2,170,468
   Note payable                                                                               --            1,200,000
   Accounts payable                                                                    2,351,607            3,108,514
   Medicare lawsuit payable                                                            1,677,021            1,677,021
   Accrued liabilities -
     Payroll                                                                             484,465              327,856
     Commissions                                                                         285,144              350,893
     Income taxes                                                                      1,277,941            1,672,636
     Other                                                                             2,413,481            2,684,301
                                                                              ------------------    -----------------
         Total current liabilities                                                    10,654,382           13,191,689

LONG-TERM LIABILITIES:
   Long term-debt                                                                     13,128,395           13,662,792
   Deferred tax liabilities                                                              556,474              583,927
                                                                              ------------------    -----------------
         Total liabilities                                                            24,339,251           27,438,408
                                                                              ------------------    -----------------

STOCKHOLDERS' EQUITY
   Common stock, $.10 par value:  25,000,000 shares authorized;                        1,076,448            1,055,871
     issued and outstanding 10,764,487 and 10,558,710 shares,
     respectively
   Preferred stock, no par value; 5,000,000 shares authorized; none
     issued and outstanding                                                                 ----                ----

   Additional paid-in capital                                                         21,367,816          20,873,737
   Less note receivable from officer/stockholder                                        (210,417)           (210,417)
   Accumulated other non-owner changes in equity                                        (357,402)           (154,719)
   Retained earnings                                                                   4,827,260           3,705,082
                                                                              ------------------    ----------------
         Total stockholders' equity                                                   26,703,705          25,269,554
                                                                              ------------------    ----------------
                                                                              $       51,042,956    $     52,707,962
                                                                              ==================    ================


</TABLE>


                                       4

<PAGE>   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 thereunto duly authorized.



                                REHABILICARE INC.




November 28, 2000               /s/ David B. Kaysen
---------------------------     ------------------------------------------------
Date                                David B. Kaysen
                                    President and Chief Executive Officer





November 28, 2000               /s/ W. Glen Winchell
---------------------------     ------------------------------------------------
Date                                W. Glen Winchell
                                    Vice President of Finance
                                    (Principal Financial and Accounting Officer)






                                       15