-----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, A2SQlz7gralvg3ZJmZjnZgLGzSdzofSq0pxyKfUrQkPUTThl/o4nPjI7o4IrEKD5 F5uyCBOUym6gGAgffJMqBw== 0000950144-00-004506.txt : 20000405 0000950144-00-004506.hdr.sgml : 20000405 ACCESSION NUMBER: 0000950144-00-004506 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000330 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000404 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: 592952 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): April 4, 2000 (March 30, 2000) ------------------------------ PROVINCE HEALTHCARE COMPANY (Exact name of registrant as specified in its charter) DELAWARE 0-23639 62-1710772 (State or other jurisdiction of (Commission File Number) (IRS Employer 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 April 3, 2000, Province Healthcare Company (the "Company"), announced that it had entered into a long-term lease agreement with Bolivar County, Mississippi (the "Lease Agreement"), pursuant to which a wholly-owned subsidiary of the Company will lease the property and assets which comprise the business of Bolivar Medical Center, located in Cleveland, Mississippi (the "Hospital"). The closing of the transaction, which is currently scheduled for April 14, 2000, is subject to customary closing conditions, including receipt of regulatory approvals. Under the Lease Agreement, dated March 30, 2000, the Company will acquire the Hospital through a 40-year lease with prepaid rent of $26.4 million. The Lease term will commence on April 15, 2000 and expire on April 14, 2040. The Hospital which is licensed for 141 acute care beds, 24 skilled nursing beds and 35 long-term care beds, is the only hospital in a community with a service area population of approximately 55,000 and has annual revenues of approximately $30 million. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Exhibits 99.1 Copy of the press release, dated April 3, 2000, relating to the Company's execution of a long-term lease of Bolivar Medical Center. 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: April 4, 2000 EX-99.1 2 PRESS RELEASE 1 EXHIBIT 99.1 [AS AMENDED TO CORRECT TYPOGRAPHICAL ERRORS] NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: MERILYN H. HERBERT VICE PRESIDENT, INVESTOR RELATIONS (615) 370-1377 PROVINCE HEALTHCARE ACQUIRES MISSISSIPPI HOSPITAL Brentwood, Tennessee April 3, 2000--Province Healthcare Company (Nasdaq: PRHC) announced today the signing of a definitive agreement between the Company and Bolivar County, Bolivar, Mississippi, for Province to acquire the assets and business of the Bolivar Medical Center through a long-term lease agreement. Located in Cleveland, Mississippi, the hospital has 141 acute care beds, 24 skilled nursing beds and 35 long-term care beds [note: original press release stated "106 acute care beds"] and annual revenues of approximately $30 million. Under the agreement, Province will acquire the Bolivar Medical Center through a 40-year lease with prepaid rent of approximately $26 million. Martin S. Rash, Chairman, President and Chief Executive Officer of Province Healthcare, commented, "Bolivar Medical Center in Cleveland, Mississippi, represents exactly the kind of hospital we like to acquire. It is the only hospital in a community approximately 40 miles from Clarksdale, Mississippi, 50 miles from Greenwood, Mississippi and 100 miles from Memphis, Tennessee; has a service area population of 55,000; is located in a vibrant growing market and can benefit from our ability to add physicians and services. We look forward to being a good neighbor in Cleveland." Province Healthcare is a provider of health care services in attractive non-urban markets in the United States. With this acquisition, the Company will own or lease 16 general acute care hospitals in 9 states with a total of 1,527 licensed beds [note: original press release stated "1,433 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-----