-----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, CN9QgtXp5b/y7+RGVT9NrKqHMQg3OVXn5ndQEbl8wzb/14knS2S0cK+ZaJ/fhFPz i7APLEepl/xkeR09bt+fpQ== 0000950144-04-006722.txt : 20040701 0000950144-04-006722.hdr.sgml : 20040701 20040630183331 ACCESSION NUMBER: 0000950144-04-006722 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040630 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040701 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: 1934 Act SEC FILE NUMBER: 001-31320 FILM NUMBER: 04892493 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 STREET 2: SUITE 180 CITY: BRENTWOOD STATE: TN ZIP: 37207 8-K 1 g89832e8vk.htm PROVINCE HEALTHCARE COMPANY PROVINCE HEALTHCARE COMPANY
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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): June 30, 2004 (June 30, 2004)


Province Healthcare Company

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   001-31320   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)

 


TABLE OF CONTENTS

Item 5. Other Events
Item 7. Financial Statements and Exhibits
SIGNATURES
EX-99.1 PRESS RELEASE


Table of Contents

Item 5. Other Events

     On June 30, 2004, Province Healthcare Company announced that it completed the sale of the stock of Brim Healthcare, Inc. to Brim Holding Company, Inc. for approximately $13.2 million in cash.

Item 7. Financial Statements and Exhibits

     (a) Exhibits

     
99
  Copy of the press release, dated June 30, 2004, of Province Healthcare Company announcing that the Company completed the sale of the stock of Brim Healthcare, Inc.

 


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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/ Steve Brumfield    
    Steve Brumfield   
    Assistant Vice President and Controller   
 

Date: June 30, 2004

 

EX-99.1 2 g89832exv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99 (PROVINCE HEALTHCARE LOGO) NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: CHRISTOPHER T. HANNON SENIOR VICE PRESIDENT, CFO (615) 370-1377 PROVINCE HEALTHCARE ANNOUNCES SALE OF BRIM HEALTHCARE Brentwood, TN, June 30, 2004 - Province Healthcare Company (NYSE: PRV) today announced the sale of the stock of the hospital management company, Brim Healthcare, Inc. to Brim Holding Company, Inc., an independent investor owned Delaware corporation, for approximately $13.2 million in cash. Brim generated approximately $15.8 million in net revenues in 2003. Province anticipates recording an after-tax gain on the sale of Brim of approximately $7.0 million, or $0.12 per share, in the second quarter ending June 30, 2004. The gain on the sale of Brim will be reported as discontinued operations. Martin S. Rash, Chairman and Chief Executive Officer of Province, said, "Brim Healthcare has been a solid performer for Province since December 1996. However, the hospital management business is not our core business nor in line with the Company's long-term strategic plan focusing solely on rural hospital operations. In the early years of Province, several hospital acquisitions came from Brim, but we no longer see the acquisition possibilities as likely." Dave Woodland, President of Brim Healthcare, Inc., said, "While our relationship with Province has been solid, we are excited about our future as a stand alone company and look forward to sustained growth." Province Healthcare is a provider of health care services in attractive non-urban markets in the United States. The Company owns or leases 20 general acute care hospitals in 12 states with a total of 2,486 licensed beds. Certain information contained in this release constitutes forward-looking statements. These statements are based only on our current estimates of future events. Forward-looking statements involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from forecasted results. Those and other risks and uncertainties are described in our most recent reports and filings with the Securities and Exchange Commission. You should not rely on the forward-looking statements contained in this release, as we cannot predict or control many of the factors that may cause future events or results to differ from those forecasted. We undertake no obligation to update any forward-looking statements on the basis of any information, future events or otherwise. CONTACT: Christopher T. Hannon, Province Healthcare Company (PRV) at (615) 370-1377
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