-----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, TyxWkk7Kx8TYKeUJro68l6PrPsPUjlO/vCviFGcOVN5oamEU+1oYpuZN1w6ZjcKs GT5NDnUFl0ABZDfVSsBs4Q== 0000950144-00-002867.txt : 20000307 0000950144-00-002867.hdr.sgml : 20000307 ACCESSION NUMBER: 0000950144-00-002867 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROVINCE HEALTHCARE CO CENTRAL INDEX KEY: 0001044942 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 621710772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23639 FILM NUMBER: 559241 BUSINESS ADDRESS: STREET 1: 105 WESTPARK DR STREET 2: STE 400 CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 6153701377 MAIL ADDRESS: STREET 1: 105 WESTPARK DR SUITE 180 STREET 2: 105 WESTPARK DR SUITE 180 CITY: BRENTWOOD STATE: TN ZIP: 37207 8-K 1 PROVINCE HEALTHCARE COMPANY 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 1, 2000 (February 15, 2000) ------------------------------ PROVINCE HEALTHCARE COMPANY (Exact name of registrant as specified in its charter) Delaware 0-23639 62-1710772 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 105 Westwood Place Suite 400 Brentwood, Tennessee 37027 (Address of principal executive offices) (Zip Code) (615) 370-1377 (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS On February 15, 2000, Province Healthcare Company (the "Company"), through a limited partnership that is a subsidiary of the Company, entered into a long-term lease with the City of Ennis, Texas (the "Lease"), pursuant to which the City of Ennis, Texas agreed to lease to the Company the City of Ennis Hospital (the "Hospital") located in Ennis, Texas. The Lease commenced on February 15, 2000 and expires on February 14, 2030. The Lease is subject to three 10-year renewal terms at the option of the Company, and the lease payments total $3.0 million over the initial 30-year term. Upon commencement of the Lease, the Hospital contained 45 beds and provided emergency, skilled nursing, laboratory and radiology services. It is anticipated that the Company will begin operating the Hospital as a full service acute care facility by April 1, 2000. To finance the first lease payment, the Company borrowed $2.0 million pursuant to the terms of its Second Amended and Restated Credit Facility with a syndicate of banks led by First Union National Bank, as Agent. As a result of the lease of the Hospital, the Company now owns or leases 15 hospitals in eight states with a total of 1,327 licensed beds. The Company also provides management services to 48 primarily non-urban hospitals in 18 states and Puerto Rico with a total of 3,584 licensed beds. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Exhibit 99.1 Copy of the press release, dated February 16, 2000, relating to the lease of the City of Ennis Hospital. 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 hereunto duly authorized. PROVINCE HEALTHCARE COMPANY By: /s/ Brenda B. Rector --------------------------------- Brenda B. Rector Vice President and Controller Date: March 1, 2000 EX-99.1 2 PRESS RELEASE 1 EXHIBIT 99.1 [PROVINCE HEALTHCARE LOGO] NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: MERILYN H. HERBERT VICE PRESIDENT, INVESTOR RELATIONS (615) 370-1377 PROVINCE HEALTHCARE ACQUIRES TEXAS HOSPITAL Brentwood, TN, February 16, 2000 - Province Healthcare Company (Nasdaq: PRHC) announced today that it has acquired through a long-term lease agreement the assets and business of the 45-bed City of Ennis Hospital from the city of Ennis, Texas. The long-term lease totals $3.0 million over a 30-year period. The hospital was previously operated by Baylor Healthcare System which had closed the facility. The hospital currently provides emergency care, skilled nursing services, lab and radiology services. Province expects to have the hospital operating as a full service acute care facility by April 1, 2000. Martin S. Rash, Chairman, President and Chief Executive Officer of Province Healthcare, commented, "We are extremely pleased to be able to help the city of Ennis in bringing back its acute care hospital. This hospital is in a growing area, is the only hospital in the community, and has a service area population of 85,000, a profile we like in acquisitions." Province Healthcare is a provider of health care services in attractive non-urban markets in the United States. The Company now owns or leases 15 general acute care hospitals and one specialty hospital in eight states with a total of 1,329 licensed beds. The Company also provides management services to 48 primarily non-urban hospitals in 18 states and Puerto Rico with a total of 3,584 licensed beds. CONTACT: MERILYN H. HERBERT, PROVINCE HEALTHCARE COMPANY (PRHC) AT (615) 370-1377 -----END PRIVACY-ENHANCED MESSAGE-----