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 June 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. Employe
            incorporation or organization)      identification No.)


   5770 Roosevelt Boulevard, Suite 700, Clearwater, FL 33760
   (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.  [ X ] Yes
     [   ] No


   The number of shares outstanding of the Issuer's common stock at $.001 par
   value as of August 14, 1997 as 4,943,144 (exclusive of Treasury Shares).

   <PAGE>

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

                                                  June 30,       March 31,
                                                    1997           1997
                      ASSETS
    Current assets:
      Cash and cash equivalents                     $322,952       $797,440 
      Cash deposits securing contractual
         arrangements                              1,875,000      1,875,000 
                                                  ----------     ---------- 
                                                   2,197,952      2,672,440 

      Accounts receivable, net of allowance
         for doubtful of $364,911                  3,554,347      3,545,782 
      Inventories                                     22,519         25,126 
      Prepaids and other current assets              261,194        256,967 
                                                 -----------    ----------- 
    Total current assets                           6,036,012      6,500,315 

    Property and equipment, net of
         accumulated depreciation of $260,878
         and $248,579, respectively                  462,443        389,017 
    Goodwill, net of amortization of $839,307
          and $753,412, respectively               4,340,228      4,426,563 
    Other intangibles assets, net of
         accumulated amortization of 
         $1,841,944 and  $1,796,412, 
         respectively                                303,426        348,958 

    Other                                            554,959        551,447 
                                                 -----------    ----------- 
    Total assets                                 $11,697,068    $12,216,300 
                                                 ===========    =========== 
        LIABILITES AND STOCKHOLDERS' EQUITY
    Current liabilities:
      Trade accounts payable                        $158,614       $289,844 
      Accrued salaries and payroll realated        1,272,760      1,421,538 
      Accrued expenses                               162,578        412,517 
      Estimated amounts due to third party
         payors                                      158,282        158,282 
      Current portion of notes
         payable-acquisitions                        636,409        614,331 
                                                 -----------    ----------- 
    Total current liabilities                      2,388,643      2,896,512 
    Long term obligations:
      Long term obligations, less current
         portion                                   1,092,883      1,112,807 
                                                 -----------    ----------- 
    Total long term obligations                    1,092,883      1,112,807 
                                                 -----------    ----------- 
    Total liabilities                              3,481,526      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                         (2,333,760)    (2,342,321)
                                                 -----------    ----------- 
    Total stockholders' equity                     8,215,542      8,206,981 
                                                 -----------    ----------- 
    Total liabilities and stockholders'
         equity                                  $11,697,068    $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


                                         Three Months Ended June 30,
                                           1997             1996 

    Net Revenues                          $5,633,693        $6,424,675 
    Direct expenses                        4,243,631         4,868,006 
                                         -----------       ----------- 
    Gross profit                           1,390,062         1,556,669 

    General and administrative
     expenses:
    Salaries and benefits                    845,831           892,882 
    Operating expenses                       138,463           189,407 
    Professional fees                         33,925           103,018 
    Legal fees                                 5,410           103,971 
    Occupancy expenses                       144,228           194,754 
    Insurance                                 63,783            76,424 
    Amortization and depreciation            144,166           152,669 
    Bad debt expense                               0            14,398 
                                         -----------       ----------- 
    Total general and administrative       1,375,806         1,727,523 
                                         -----------       ----------- 
    Operating income                          14,256          (170,854)

    Other revenues (expenses):
    Interest income                           31,659            32,842 
    Interest expense                         (30,624)          (12,639)
    Other                                          0              (268)
                                         -----------       ----------- 
    Total other revenues (expenses)            1,035            19,935 
                                         -----------       ----------- 
    Income before income taxes                15,291          (150,919)
    Income tax expense                         6,730             3,309 
                                         -----------       ----------- 
    Net income after income taxes             $8,561         ($154,228)
                                         ===========       =========== 
    Per share:
    Net income after income taxes              $0.00            ($0.03)
                                         ===========       =========== 

    Shares used in computing per
     share information                     4,943,144         4,967,712 


                 See notes to consolidated financial statements

   <PAGE>

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

                                          Common Stock       Additional    
                                                               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 income                                                                      8,561                                   8,561 
                                    ----------    ---------    ----------     ----------   ----------    ---------    ---------- 
   Balance at June 30, 1997          5,010,219       $5,010   $10,679,113    ($2,333,760)     (67,075)   ($134,821)   $8,215,542 
                                    ==========    =========    ==========     ==========   ==========    =========    ========== 

   </TABLE>

   <PAGE>

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


                                              Three Months Ended June 30,
                                                  1997            1996 
    Cash flows from operating activities
    Net Income (loss)                             $8,561       ($154,228)


    Adjustments to reconcile net income 
      to net cash provided by (used in)
      operating activities:
         Depreciation and amortization           144,167         152,669 
         Cash deposits securing
           contractual arrangements                    0               0 
         Loss on sale of marketable
           securities                                  0               0 
         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         (8,565)        (65,743)
              Prepaid expenses and other
               assets                             (1,620)        (40,979)
              Deferred charges or other
               long term assets                   (3,512)           (125)
              Accounts payable and
               accrued expenses                  (529,947)       (170,839)
                                                ---------       --------- 
    Net cash provided by (used in )
     operating activities                       (390,916)       (278,977)

    Cash flows from investing activities
    (Purchase of property and equipment,
     net                                         (85,726)         (6,272)
    Exercise of options                                0               0 
    Note Receivable                                    0         106,966 
                                               ---------       --------- 
    Net cash (used in) investing
     activities                                  (85,726)        112,895 


    Cash flows from financing activities
    Proceeds from short/long-term
     borrowings                                   55,000               0 
    Payments of short/long term
     borrowings                                  (52,846)        (68,012)
                                               ---------       --------- 
    Net cash (used in) provided by
     financing activities                          2,154         (68,012)
                                               ---------       --------- 
    Increase (Decrease) in cash and cash
     equivalents                                (474,488)       (234,094)
    Cash and cash equivalents at
     beginning of year                           797,440       1,494,860 
                                              ----------       --------- 
    Cash and cash equivalents at end of
     period                                     $322,952      $1,260,766 
                                               =========       ========= 


                 See notes to consolidated financial statements

   <PAGE>

   NuMED Home Health Care Inc. and Subsidiaries

   Notes to Condensed Consolidated Financial Statements
   (Unaudited)

   June 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 month period ended June 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 months ended June 30, 1997, decreased
   by 12% or $791,000 over the same period one year ago. The revenues in the
   rehabilitation division, NuMED Rehabilitation, Inc. ("NuMED Rehab"),
   decreased  $1.1 million or 38% compared to the same period last year as
   transition to an in-house therapy program is conducted by a major client.
   The Home Health division has partially offset this revenue decline with a
   9%  or $324,000 increase in net revenues as this division continues to
   maintain a steady growth pattern.  The revenue mix between the two
   divisions has shifted with the Home Health division increasing to  67% of
   the total revenues compared to 55% for the same period last year.

        Direct expenses as a percentage of net revenue improved to 75% of net
   revenues compared to 76% for the same period one year ago.  Declines in
   NuMED Rehab revenue volume negatively impacted the cost of sales as the
   reductions in fixed labor cost lag behind the reduction in revenue. 
   Direct expenses for NuMED Rehab increased to 84% as compared to 81% for
   the same period last year. Conversely, as the Home Health division
   continues its growth, costs of sales have improved by 1% to 71% compared
   to 72% for the same period last year.

       Gross Profit as a percentage of net revenue for the three month period
   ending June 30, 1996, increased to 25% as compared to 24% for the same
   period a year ago.

       General and Administrative expenses for the three months ended June 30,
   1997, decreased 20% to $1,376,000 or 24% of net revenue from $1,728,000 or
   27% of net revenue for the same period one year ago.  The favorable
   decrease of $352,000 is attributable to the economies of consolidating the
   financial and administrative operations to Clearwater, FL and not having
   to incur legal and professional fees of $145,000 that inflated the general
   and administrative costs last year in connection with the defense of class
   action litigation and the proposed acquisition of the Company by CCF
   Health Care Ventures, Inc. 

       As a result of the foregoing, the Company experienced a net profit of
   $9,000  for the three months ended June 30, 1997, as compared to net loss
   of $154,000 for the same period one year ago. 
       
       
   Liquidity and Capital Resources
       
        The Company's working capital and current ratio remained steady at 
   $3,647,000 and 2.5, respectively, as of June 30, 1997, as compared to
   $3,604,000 and 2.2, respectively, as of March 31, 1997.  Cash decreased
   $474,000 for the three months ended June 30, 1997, as compared to March
   31, 1997.  The decrease in cash was primarily attributable to the
   liquidation of short term payables including severance and vacation
   compensation that was accrued as of March 31, 1997, for terminated
   employees  but paid during the first quarter of fiscal 1998.  In addition,
   the strategic effort to automate the management information systems
   continued with new software and hardware purchases.

        During the second and third quarter of fiscal 1997, NuMED paid a total
   of $899,000 to a major rehab client, representing disallowed Medicare costs
   for the client's fiscal years ending June 30, 1995, and June 30, 1996. The
   Company is optimistic that some of the disallowed costs will be recovered
   in the appeal process.  The Company has reached an agreement with its
   client that the appeal of 1995 disallowed costs will not be pursued. 
   However, the Company intends to vigorously pursue all avenues of appeal to
   recover disallowed costs for 1996.  There is no guarantee that
   intermediary negotiations or the appeals process will result in a
   favorable determination.  An adverse decision during negotiations with the
   fiscal intermediary or in the appeal process could preclude recovery on
   amounts previously paid to this customer. 

        The Company has a line of credit in the amount of $1.5 million.  
   Interest on this line accrues at a rate equal to the lender's certificate
   of deposit rate plus 175 basis points.  The line of credit is secured by a
   $1.5 million certificate of deposit.  The outstanding balance is due and
   payable no later May 15, 1998. $1,025,000 is presently outstanding.

        The Company also has three additional lines of credit totaling $575,000
   of which $98,000 was available as of June 30, 1997.  These lines are secured
   by $375,000 in certificates of deposit and account receivables.  Interest
   rates are tied to 50 to 200 basis points above the current certificate of
   deposit rates or the bank's prime interest rate.

        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.  At June 30, 1997, net goodwill and
   intangible assets of the Company were $4.6 million.   The amortization of
   goodwill and intangible assets in the future will decrease net income or
   increase any net loss. 

        The Company continues to implement a management information system for
   its entire operation.  Approximately $250,000 was incurred last fiscal year
   in software and hardware cost. Through the first quarter ended June 30,1997,
   the Company has acquired $86,000 in capital with emphasis on NuMED Rehab. 

        On August 14, 1997, the company signed a loan agreement for a maximum
   of $5,000,000 secured by company accounts receivable.  The Company will
   repay all debt. Certificates of Deposits (CD's) securing loan covenants will
   be released in the amount of $1.875 million to provide additional working
   capital and liquidity.
 
        The Company believes that its current cash reserves, projected cash
   flow and the funds available under its credit facilities will allow the 
   Company to continue to meet its expected capital and operating expenses and
   working capital needs for at least the next 12 months.    

   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 4. - Not applicable


   Item 5. OTHER INFORMATION   Not applicable
       

   Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

   (a)  Exhibits. There are no exhibits filed with this report

   (b)  Reports on Form 8-K. The Company did not file any reports on Form 8-K
   during the quarter ended June 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: August 14, 1997                By:  /s/Jugal K. Taneja
                                         Jugal K. Taneja
                                         Chairman of the Board,
                                         Chief Executive Officer


    Date: August 14, 1997                By:  /s/ Wayne T. Mori
                                         Wayne T. Mori
                                         Corporate Controller
                                         Principal Accounting Officer

   <PAGE>

                                  EXHIBIT INDEX

   Exhibit No.         Description

      27          Financial Data Schedule