-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DwtzSv6Lr9RCUN2r4Evzgq7sc8NKUKnIAWhiB8lXFv6BkVM635gwVYxOZIL0em4j
 y0r1f6fxJuhh1fydkDQiKQ==

<SEC-DOCUMENT>0001005477-03-000977.txt : 20030514
<SEC-HEADER>0001005477-03-000977.hdr.sgml : 20030514
<ACCEPTANCE-DATETIME>20030514114446
ACCESSION NUMBER:		0001005477-03-000977
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20021231
FILED AS OF DATE:		20030514

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORAM HEALTHCARE CORP
		CENTRAL INDEX KEY:			0000924174
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HOME HEALTH CARE SERVICES [8082]
		IRS NUMBER:				330615337
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1675 BROADWAY
		STREET 2:		SUITE 900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
		BUSINESS PHONE:		3032924973

	MAIL ADDRESS:	
		STREET 1:		1675 BROADWAY
		STREET 2:		SUITE 900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FEINBERG STEPHEN
		CENTRAL INDEX KEY:			0000947822
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11343
		FILM NUMBER:		03697513

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVE
		STREET 2:		28TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128912120

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVE
		STREET 2:		28TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
    <periodOfReport>2002-12-31</periodOfReport>
    <notSubjectToSection16>1</notSubjectToSection16>
<issuer>        <issuerCik>0000924174</issuerCik>
        <issuerName>CORAM HEALTHCARE CORP</issuerName>
<issuerTradingSymbol>CRHEQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
        <rptOwnerCik>0000947822</rptOwnerCik>
            <rptOwnerName>FEINBERG STEPHEN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeSecurity>
        <securityTitle>
            <value>Series B Senior Subordinated Convertible Notes</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>2.00</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2002-12-31</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>J</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
        <footnoteId id="F1"/>
        <footnoteId id="F2"/>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>0</value>
            </transactionShares>
            <transactionValue>
                <value>0</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>D</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>1988-08-08</value>
            <footnoteId id="F1"/>
        </exerciseDate>
        <expirationDate>
            <value>2003-06-30</value>
            <footnoteId id="F3"/>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>0</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <valueOwnedFollowingTransaction>
                <value>3221632</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </valueOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>I</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </directOrIndirectOwnership>
            <natureOfOwnership>
                <value>By Limited Partnership</value>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </natureOfOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">Pursuant to an Exchange Agreement, dated as of December 31, 2002, by and among Coram, Inc., a wholly owned subsidiary of Coram Healthcare Corporation (the "Company"), Cerberus Partners, L.P. ("Cerberus") and certain other parties named therein (the "Exchange Agreement"), Cerberus exchanged, among other securities, certain Series B Senior Subordinated Convertible Notes of the Company (the "Series B Notes") and certain accrued but unpaid interest thereon, in return for, among other securities, shares of Series B Cumulative Preferred Stock, par value $0.001 per share, of Coram, Inc.  Upon consummating the exchange pursuant to the Exchange Agreement, Cerberus is the holder of $3,221,632 principal amount of Series B Notes.  The Series B Notes are immediately convertible, at the option of the holder thereof, into shares of Common Stock (the "Shares") of the Company at the rate of $2.00 per Share, which conversion rate is subject to adjustment in certain circumstances.</footnote>
        <footnote id="F2">Stephen Feinberg possesses sole power to vote and direct the disposition of all securities of the Company owned by Cerberus.  Stephen Feinberg's interest in the securities reported herein is limited to the extent of his pecuniary interest in Cerberus, if any.</footnote>
        <footnote id="F3">The maturity of the Series B Senior Subordinated Convertible Notes is the earlier of June 30, 2003 and the effective date of a Joint Plan of Reorganization of the Company and Coram, Inc.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephen Feinberg</signatureName>
        <signatureDate>2003-04-30</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----