SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549
                                   FORM 10-QSB


                [ X ]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 
                  15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
                    For the quarter Ended September 30, 1997
                                       or
              [   ]TRANSITION REPORT PURSUANT TO SECTION 13       
                OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


                         Commission File Number 1-12992


                          NuMED HOME HEALTH CARE, INC.
        (Exact name of small business issuer as specified in its charter)


             STATE OF NEVADA                   34-1711764
     (State or other jurisdiction of        (I.R.S. Employer
     incorporation or organization)       identification No.)


   5770 Roosevelt Blvd., Suite, 700, Clearwater, FL                 34620
        (Address of principal executive offices)                   (Zip Code)


         Issuer's telephone number, including area code: (813) 524-3227




   Indicate by check mark whether the issuer (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


   The number of shares outstanding of the Issuer's common stock at $.001 par
   value as of November 13, 1997 was 4,943,144 (exclusive of Treasury
   Shares).

   <PAGE>

             NuMED Home Health Care, Inc. and Subsidiaries
                      Consolidated Balance Sheets




                                       September 30,   March 31,
                                           1997           1997

                  ASSETS

    Current assets:
      Cash and cash equivalents            $804,346      $797,440 

      Cash deposits securing
         contractual arrangements         1,050,000     1,875,000 
                                          ---------     --------- 
                                          1,854,346     2,672,440 

      Accounts receivable, net of
       allowance of $314,911 and
       $364,911, respectively             4,189,920     3,545,782 
      Inventories                            22,519        25,126 
      Prepaids and other current
       assets                               275,777       256,967 
                                          ---------     --------- 
    Total current assets                  6,342,562     6,500,315 


    Property and equipment, net of
      accumulated depreciation
      of $292,726 and $248,579,
      respectively                          455,307       389,017 
    Goodwill, net of amortization
      of $926,242 and $753,571,
      respectively                        4,253,893     4,426,563 
     Other intangibles assets, net
       of accumulated amortization
       of $1,886,989 and 
       $1,796,412, respectively             288,291       348,958 
    Other                                   617,116       551,447 
                                         ----------    ---------- 
    Total assets                        $11,957,169   $12,216,300 
                                         ==========    ========== 


      LIABILITIES AND STOCKHOLDERS'
                  EQUITY

    Current liabilities:

      Trade accounts payable               $118,769      $289,844 
      Accrued salaries and payroll
        related                           1,272,385     1,421,538 
      Accrued expenses                      115,780       412,517 
      Estimated amount due third
        parties                             358,829       158,282 
      Current portion of notes
        payable                             198,137       614,331 
                                          ---------     --------- 

    Total current liabilities             2,063,900     2,896,512 
    Long term obligations:
      Other
      Notes payable-acquisitions,
        less current portion              1,755,654     1,112,807 
                                          ---------     --------- 
    Total long term obligations           1,755,654     1,112,807 
                                          ---------     --------- 
    Total liabilities                     3,819,554     4,009,319 

    Stockholders' equity:
      Preferred stock, authorized
        2,000,000, no shares
        issued or outstanding                     0             0 
      Common stock, $.001 par
        value, authorized
        48,000,000 shares,
        5,010,219 shares issued               5,010         5,010 
      Additional paid-in capital         10,679,113    10,679,113 
      Treasury stock, 67,075 at
        cost                               (134,821)     (134,821)
      Accumulated deficit                (2,411,687)   (2,342,321)
                                         ----------    ---------- 
    Total stockholders' equity            8,137,615     8,206,981 
                                         ----------    ---------- 
    Total liabilities and
      stockholders' equity              $11,957,169   $12,216,300 
                                         ==========    ========== 


    Note:  The balance sheet at March 31, 1997 has been derived
    from the audited financial statements at that date but does
    not include all of the information and footnotes required by
    generally accepted accounting principles for complete
    financial statements.

                 See notes to consolidated financial statements.

   <PAGE>
                 NuMED Home Health Care, Inc. and Subsidiaries
                     Consolidated Statements of Operations


                                            Six Months Ended September 30,
                                                     1997            1996 

    Net revenues                              $11,346,079     $12,565,513 
    Direct expenses                             8,421,177       9,736,908 
                                               -----------     ---------- 
    Gross profit                                2,924,902       2,828,605 


    General and administrative expenses:
    Salaries and benefits                       1,785,057       1,731,912 
    Operating expenses                            361,848         384,755 
    Professional fees                              73,074         144,775 
    Legal fees                                     20,745         114,162 
    Occupancy expenses                            332,291         390,771 
    Insurance                                     129,292         170,918 
    Amortization and depreciation                 307,441         302,611 
    Bad debt expense                                  382          32,548 
    Other contractual adjustments                       0         765,000 
                                               ----------      ---------- 
    Total general and administrative            3,010,130       4,037,452 
                                               ----------      ---------- 
    Operating income (loss)                       (85,228)     (1,208,847)


    Other revenues (expenses):
    Interest income                                46,312          59,683 
    Interest expense                              (84,953)        (38,786)
    Other                                               0           6,874 
                                               ----------      ---------- 
    Total other revenues, net                     (38,641)         27,771 
                                               ----------      ---------- 

    Income (loss) before income taxes            (123,869)     (1,181,076)
    Income tax (benefit) expense                  (54,503)         11,761 
                                               ----------      ---------- 
    Net income (loss) after income taxes         ($69,366)    ($1,192,837)
                                               ==========      ========== 

    Per share:
    Net income (loss) after income taxes           ($0.01)         ($0.24)
                                               ==========      ========== 

    Shares used in computing per share
     information                                4,943,144       4,950,130 


                 See notes to consolidated financial statements

   <PAGE>

                  NuMED Home Health Care, Inc. and Subsidiaries
                      Consolidated Statements of Operations

                                           Three Months Ended September 30,
                                                     1997              1996 


    Net revenues                               $5,712,386        $6,140,838 
    Direct expenses                             4,177,546         4,868,902 
                                               ----------        ---------- 
    Gross profit                                1,534,840         1,271,936 


    General and administrative expenses:

    Salaries and benefits                         939,228           839,030 
    Operating expenses                            223,385           195,348 
    Professional fees                              39,149            41,757 
    Legal fees                                     15,335            10,191 
    Occupancy expenses                            188,063           196,017 
    Insurance                                      65,509            94,494 
    Amortization and depreciation                 163,275           149,942 
    Bad debt expense                                  381            18,150 
    Other contractual adjustments                       0           765,000 
                                               ----------        ---------- 
    Total general and administrative            1,634,325         2,309,929 
                                               ----------        ---------- 
    Operating income (loss)                       (99,485)       (1,037,993)


    Other revenues (expenses):
    Interest income                                14,654            26,841 
    Interest expense                              (54,329)          (26,147)
    Other                                               0             7,142 
                                                ---------         --------- 
    Total other revenues, net                     (39,675)            7,836 
                                                ---------         --------- 

    Income (loss) before income taxes            (139,160)       (1,030,157)
    Income tax (benefit) expense                  (61,232)            8,452 
                                                ---------        ---------- 
    Net income (loss) after income taxes         ($77,928)      ($1,038,609)
                                                =========        ========== 

    Per share:
    Net income (loss) after income taxes           ($0.02)           ($0.21)
                                                =========        ========== 


    Shares used in computing per share
    information                                 4,943,144         4,933,336 


                 See notes to consolidated financial statements

   <PAGE>

   <TABLE>
   <CAPTION>
                                          NuMED Home Health Care, Inc. and Subsidiaries
                                         Consolidated Statements of Stockholders' Equity
                                Six Months Ended September 30, 1997 and Year Ended March 31, 1997


                                                             Additional
                                          Common Stock         Paid-in     Accumulated      Treasury Stock
                                        Shares     Dollars     Capital      (Deficit)     Shares     Dollars        Total

    <S>                               <C>          <C>      <C>             <C>          <C>         <C>         <C>      
    Balance at March 31, 1996         $5,010,219   $5,010   $10,708,176     ($464,269)   ($46,023)   ($68,138)   $10,180,779 
    Net (loss)                                                             (1,878,052)                            (1,878,052)
    Exercise of options                                          (1,684)                   20,000      30,885         29,201 
    Purchase of treasury shares                                                          (100,000)   (201,000)      (201,000)
    Shares issued under 
       employee stock purchase plan                             (27,379)                   58,948     103,432         76,053 
                                       ---------    -----    ----------     ---------     -------    --------      --------- 
    Balance at March 31, 1997          5,010,219    5,010    10,679,113    (2,342,321)    (67,075)   (134,821)     8,206,981 
    Net (loss)                                                                (69,366)                               (69,366)
                                       ---------    -----    ----------     ---------     -------    --------      --------- 
    Balance at September 30, 1997     $5,010,219   $5,010   $10,679,113   ($2,411,687)   ($67,075)  ($134,821)    $8,137,615 
                                       =========    =====    ==========     =========     =======    ========      ========= 

   </TABLE>


   <PAGE>

                  NuMED Home Health Care, Inc. and Subsidiaries
                      Consolidated Statements of Cash Flow

                                             Six Months Ended September 30,
                                                      1997             1996 
    Cash flows from operating activities
    Net Income (loss)                             ($69,366)     ($1,192,837)
    Adjustments to reconcile net income
      to net cash provided by (used in)
      operating activities:
         Depreciation and amortization             307,441          302,610 
         Loss on sale or disposal of
           property, plant and equipment                 0              268 
         (Decrease) increase in cash due
           to net changes in 
           operating assets and
           liabilities:
              Accounts receivable -
                trade                             (644,138)        (440,657)
              Prepaid expenses and other
                assets                             (16,206)         (22,529)
              Deferred charges or other
                long term assets                   (65,668)            (125)
              Accounts payable and
                accrued expenses                  (416,463)         500,637 
                                                  --------         -------- 
    Net cash provided by (used in)
     operating activities                         (904,400)        (852,633)

    Cash flows from investing activities
    (Purchase) of property and
       equipment, net                             (110,438)         (14,187)
                                                 ---------        --------- 
    Net cash (used in) investing
       activities                                 (110,438)         (14,187)

    Cash flows from financing activities

    Proceeds from borrowings                     2,182,025        1,662,388 
    Payments on borrowings                      (1,955,372)        (822,079)
    Capitalized loan costs                         (29,909)               0 
    Cash deposits securing contractual
       arrangements                                825,000         (500,000)
    Proceeds from issuance of stock                      0           44,998 
    Purchase of treasury stock                           0         (201,000)
    Proceeds from exercise of options                    0           12,201 
    Collection of note receivable                        0          106,966 
                                                 ---------        --------- 
    Net cash (used in) provided by
       financing activities                      1,021,744          303,474 
                                                 ---------        --------- 
     Increase (Decrease) in cash and
       cash equivalents                              6,906         (563,346)

    Cash and cash equivalents at
       beginning of year                           797,440        1,494,860 
                                                ----------        --------- 
    Cash and cash equivalents at end of
       period                                     $804,346         $931,514 
                                                ==========        ========= 


                 See notes to consolidated financial statements


   <PAGE>

   NuMED Home Health Care Inc. and Subsidiaries

   Notes to Condensed Consolidated Financial Statements
   (Unaudited)

   September 30, 1997

   NOTE A-BASIS OF PRESENTATION

        The accompanying unaudited condensed consolidated financial
   statements have been prepared in accordance with generally accepted
   accounting principles for interim financial information and with the
   instructions to Form 10-QSB and Article 10 of Regulation S-X. 
   Accordingly, they do not include all of the information and footnotes
   required by generally accepted accounting principles for complete
   financial statements.  In the opinion of management, all adjustments
   (consisting of normal recurring accruals) considered necessary for a fair
   presentation have been included.  Operating results for the three and six
   month periods ended September 30, 1997 are not necessarily indicative of
   the results that may be expected for the year ending March 31, 1998.  For
   further information, refer to the consolidated financial statements and
   footnotes included in the Company's and Subsidiaries' Form 10-KSB for the
   year ended March 31, 1997.

   Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION  AND
   RESULTS OF OPERATIONS

   Results of Operations

        Net Revenues for the three and six months ended September 30, 1997
   decreased by 7% or $428,000 and 10% or $1,219,000, respectively over the
   same periods one year ago. The revenues in the rehabilitation division,
   NuMED Rehabilitation, Inc. ("NuMED Rehab"), experienced a 36% decline or
   $2.0 million for the six months ended September 30, 1997. The revenue
   declines is attributed to the major client who elected to develop their
   in-house therapy programs.  NuMED Rehab has signed 12 new contracts to
   offset this decline.  Meanwhile, the Home Health division revenue
   continues to grow, increasing 14% or $462,000 for the quarter ending
   September 30 1997 and 12% or $824,000 the six-months ending September 30,
   1997.  With this shift in revenue, the Home Health division now comprises
   68% of the total revenues compared to 55% for the six-month period last
   year.

        With the revenue declines, direct expenses also decreased.  For the
   three-month period ending September 30, 1997, the direct expenses
   decreased $691,000 or 14% compared to the same period last year. As a
   percentage of net revenues, the direct expenses improved 6% to 73%
   compared to 79%.  For the six months ending September 30, 1997, direct
   expenses decreased $1.3 million or 14% compared to the same period last
   year. As a percentage of net revenues direct revenues have improved 3% to
   74% compared to 77% last year.

        NuMED Rehab's direct expenses as a percentage of net revenues has
   remained consistent at 84% and 83% for the three-month and six-months
   ending September 30, 1997. This compares favorably to the to 87% and 84%,
   respectively, for the same periods last year.  The therapy revenues are
   now on an upward trend that should reflect improvement in the direct
   expenses percentages during the remainder of the fiscal year as fixed
   labor costs increases their productivity.  The Home Health division
   continues to grow and improve efficiencies as the percentage of direct
   expenses decreased to 68% for the three months ending September 30, 1997
   compared to 73% for the three month period ending last year.  For the six
   months ending September 30, 1997, direct expenses were 70% comparing
   favorably to 72% for the same period last year.

        Gross profit margins has improved to 27% and 26% for the quarter and
   six month periods ending September 30, 1997, respectively, compared to
   last year with margins of 21% and 23%.

        General and administrative expenses increased by 6% or $89,000 for
   the three months ending September 30, 1997 but decreased by 8% or $262,000
   for the six months ending September 20, 1997.  [For comparison purposes,
   1996 expenses were adjusted by the $765,000 estimated settlement of a
   major NuMED Rehab client.]  The company continues to seeks ways to reduced
   expenses and improve efficiencies through centralization, standardization,
   and consolidation.

        As a result of the foregoing, the Company experienced a net loss for
   the six months ending September 30, 1997 of $69,000 compared to the net
   loss of $1.2 million last year for the same period. A loss of $435,000
   would have been incurred through September 30, 1996 without taking into
   consideration the NuMED Rehab adjustment of $765,000.

   Liquidity and Capital Resources
            
        The Company's working capital and current ratio were $4.3 million and
   3:0, respectively as of September 30, 1997 as compared to $3.6 million or
   2.2 as of March 31, 1997.  The accounts receivable days have increased in
   addition to the outstanding receivables during the quarter ending
   September 30, 1997.  As a result the company is experiencing a short-term
   cash need which was met by additional short-term borrowings under the
   lines of credit and liquidation of unrestricted certificates of deposit.
         
        In an effort to increase the liquidity and simplify the cash
   management, the Company signed the new $5.0 million credit facility. This
   credit facility is secured by 120 days account receivables and accrues
   interest at the prime rate plus 2%.  The prime rate is currently 8.5%. The
   line matures on August 14, 1999.  As of September 30, 1997, $1.1 million
   was outstanding under this line. 

        The Company renegotiated the existing line of credit of $1.5 million
   on July 28, 1997. Interest on this line accrues at a rate equal to the
   lender's certificate of deposit rate plus 1.75%.  As of September 30, 1997
   a total of $645,000 was outstanding under this arrangement secured by
   $900,000 in certificates of deposit.  Advances are limited to the
   certificates of deposit pledged.  $255,000 is available under this line.

        After all the lines were paid off, $825,000 in certificates of
   deposit securing those lines were released.

        The Company's net income has been and will continue to be impacted
   significantly by the non-cash charge of amortization expense of goodwill
   and intangible assets of the Company.  Loan fees of $30,000 related to the
   new line of credit were deferred and being amortized over the life of the
   loan. At September 30, 1997, net goodwill and intangible assets of the
   Company were approximately $4.5 million. 

        With its current financing in place, cash reserves, and the projected
   cash flow, the Company believes it can meet all it working capital needs
   for the next 12 months provided provided Medicare and Medicaid pays in a
   reasonable amount of time.

        The Company is currently undergoing a routine Medicare audit of the
   home office and one of the Florida subsidiaries for the fiscal year ended
   March 31, 1996.  The audit is still in progress and any cost report
   adjustments and their financial impact are unknown at this time.  A
   liability of $359,000 is currently on the balance sheet for any net
   estimated repayments to the Medicare program for prior years.

   Part II - OTHER INFORMATION
            
   Item 1. LEGAL PROCEEDINGS

        On January 31, 1996, Robin Fernhoff, individually and on behalf of
   all others similarly situated filed a class action in the United States
   District Court for the Middle District of Florida, Tampa Division against
   NuMED Home Health Care, Inc., Jugal K. Taneja and A.T. Brod & Co., Inc.
   (Case No. 96-200-CIV-T-21C).  The plaintiff alleged that failure to
   disclose the net capital position of A.T. Brod & Co., Inc. caused the
   disclosure in the Company's prospectus dated February 8, 1995, to be
   materially misleading.  The plaintiff also alleged violations of Section
   11 and 12 (2) of the Securities Act of 1933, 15 U.S.C. Sections 77k and
   77l respectively, and sought damages on behalf of the class.  

        In response to the complaint, the Company filed its answer and a
   corresponding motion to dismiss.  On July 25, 1996, the United States
   District Court for the Middle District of Florida, Tampa Division, granted
   the Company's motion dismissing the complaint in its entirety.   While the
   Court granted Plaintiff leave to amend the complaint, the Court indicated
   its concern for Plaintiff's ability to overcome the complaint's
   substantial deficiencies.  Management believes that the action is
   frivolous and without merit and intends to vigorously contest any restated
   allegations.

            
   Items 2 through 5. - Not applicable

   Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

   (a)  Exhibits. 

   24(a)  Loan and Security Agreement dated August 14, 1997 between NuMED
   Home Health Care, Inc., Whole Person Home Health Care of Florida, Inc.,
   Whole Person Home Health Care, Inc. and HCFP Funding, Inc.

   24(b)  Loan and Security Agreement dated August 14, 1997 between NuMED
   Home Health Care, Inc., NuMED Rehabilitation, Inc., Silver Moves, Inc.,
   Countryside Health Services, Inc., Whole Person Home Health Care of Ohio,
   Inc., Pennsylvania Medical Concepts, Inc., Parke Home Health Care, Inc.
   and HCFP Funding, Inc.

   27  Financial Data Schedule

   (b)  Reports on Form 8-K. The Company did not file any reports on Form 8-K
   during the quarter ended September 30, 1997.

   <PAGE>

                                   SIGNATURES

   In accordance with the requirements of the Exchange Act, the registrant
   caused this report to be signed on its behalf by the undersigned,
   thereunto duly authorized.



                                     NuMED Home Health Care, Inc.


    Date: November 13,1997           By:  /s/Jugal K. Taneja
                                     Jugal K. Taneja
                                     Chairman of the Board,
                                     Chief Executive Officer


    Date: November 13,1997           By:  /s/Wayne T. Mori
                                     Corporate Controller
                                     Principal Accounting Officer


   <PAGE>

                                  EXHIBIT INDEX

   Exhibit No.         Description

   24(a)     Loan and Security Agreement dated August 14, 1997 between NuMED
             Home Health Care, Inc., Whole Person Home Health Care of
             Florida, Inc., Whole Person Home Health Care, Inc. and HCFP
             Funding, Inc.

   24(b)     Loan and Security Agreement dated August 14, 1997 between NuMED
             Home Health Care, Inc., NuMED Rehabilitation, Inc., Silver
             Moves, Inc., Countryside Health Services, Inc., Whole Person
             Home Health Care of Ohio, Inc., Pennsylvania Medical Concepts,
             Inc., Parke Home Health Care, Inc. and HCFP Funding, Inc.

   27        Financial Data Schedule