8-K 1 g64688e8-k.txt PROVINCE HEALTHCARE COMPANY 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): October 16, 2000 (October 1, 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 No.) 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 Effective October 1, 2000, Province Healthcare Company (the "Company"), through a wholly-owned subsidiary of the Company, sold substantially all of the assets of Ojai Valley Community Hospital, located in Ojai, California, to Ojai Valley Hospital Foundation. The sale price for the hospital was approximately $2.0 million, including working capital. With the disposition of the hospital, the Company now owns or leases 15 general acute care hospitals in nine states with a total of 1,323 licensed beds. The Company also provides management services to 44 primarily non-urban hospitals in 17 states with a total of 3,454 licensed beds. In addition, on September 29, 2000, the Company, through a wholly-owned subsidiary of the Company, entered into a definitive agreement to sell General Hospital located in Eureka, California to St. Joseph Health System. The sale of General Hospital is subject to regulatory approvals and customary closing conditions. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Exhibits 99.1 Copy of the press release, dated October 3, 2000, relating to the closing of the transaction in which the Company entered into an agreement to sell Ojai Valley Community Hospital to Ojai Valley Community Hospital Foundation and announcing the execution of a definitive agreement to sell General Hospital to St. Joseph Health System. 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: October 16, 2000