-----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, TWI/Yd3bQKk0b20DntopVhUNLJasUhl049YfeLb5zpNRhcMaCWw185ZwtdGkP9+q bW8ENxvoqjaag+aMLZsn3A== 0000950144-02-004668.txt : 20020502 0000950144-02-004668.hdr.sgml : 20020501 ACCESSION NUMBER: 0000950144-02-004668 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020501 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIFEPOINT HOSPITALS INC CENTRAL INDEX KEY: 0001074772 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 522165845 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29818 FILM NUMBER: 02631106 BUSINESS ADDRESS: STREET 1: 103 POWELL COURT STREET 2: SUITE 200 CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 6153728500 MAIL ADDRESS: STREET 1: 4525 HARDING RD CITY: NASHVILLE STATE: TN ZIP: 37205 FORMER COMPANY: FORMER CONFORMED NAME: LIFEPOINT HOSPITALS LLC DATE OF NAME CHANGE: 19981207 8-K 1 g75834e8-k.htm LIFEPOINT HOSPITALS, INC. e8-k
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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):

May 2, 2002 (May 1, 2002)


LIFEPOINT HOSPITALS, INC.


(Exact Name of Registrant as Specified in its Charter)
         
Delaware   0-29818   52-2165845

 
 
(State or Other
Jurisdiction of
Incorporation)
  (Commission File
Number)
  (I.R.S. Employer
Identification
Number)

103 Powell Court, Suite 200
Brentwood, Tennessee 37027


(Address of Principal Executive Offices) (Zip Code)

615-372-8500


(Registrant’s Telephone Number, Including Area Code)

Not applicable


(Former Name or Former Address, if Changed Since Last Report)


 


Item 7. Financial Statements and Exhibits.
Item 9. Regulation FD Disclosure.
SIGNATURES
PRESS RELEASE


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Item 7.    Financial Statements and Exhibits.
           
 
(a)
  Financial statements of businesses acquired.
 
          None required
 
 
(b)
  Pro forma financial information.
 
          None required
 
 
(c)
  Exhibits.
 
      99   Copy of press release regarding the Company’s participation in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002.

Item 9.    Regulation FD Disclosure.

     LifePoint Hospitals, Inc. (the “Company”) issued a press release on May 1, 2002. The press release announced that the Company will participate in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002.

     The Company is also furnishing the information below in this Current Report on Form 8-K pursuant to Regulation FD. The table below contains detailed historical financial operational data for each of the quarters for the fiscal years ended December 31, 2000 and December 31, 2001. You should read this table in conjunction with the consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Company’s Form 10-K filed with the Securities and Exchange Commission for the period ended December 31, 2001.

LifePoint Hospitals, Inc.
Statistics by Quarter
Dollars in millions except for revenue per equivalent admission

                                                                 
    Three Months Ended
   
    March 31,   June 30,   September 30,   December 31,   March 31,   June 30,   September 30,   December 31,
    2000   2000   2000   2000   2001   2001   2001   2001
   
 
 
 
 
 
 
 
Revenues
  $ 136.0     $ 133.3     $ 145.3     $ 142.5     $ 154.3     $ 151.6     $ 149.2     $ 164.3  
Revenues for divestitures
    (14.6 )     (11.8 )     (7.7 )     (1.5 )     (0.2 )                  
 
   
     
     
     
     
     
     
     
 
Revenues (exclusive of divestitures)
    121.4       121.5       137.6       141.0       154.1       151.6       149.2       164.3  
Revenues for acquisitions
          (2.2 )     (17.8 )     (18.1 )     (19.4 )     (20.4 )     (19.3 )     (30.6 )
 
   
     
     
     
     
     
     
     
 
Same hospital (a)
  $ 121.4     $ 119.3     $ 119.8     $ 122.9     $ 134.7     $ 131.2     $ 129.9     $ 133.7  
 
   
     
     
     
     
     
     
     
 
Equivalent admissions
    30,521       28,780       30,779       29,732       33,075       31,379       31,248       33,461  
Same hospital (a)
    27,289       26,123       26,229       26,441       29,736       27,887       27,761       27,670  
Revenues per equivalent admission
  $ 4,456     $ 4,632     $ 4,719     $ 4,793     $ 4,664     $ 4,833     $ 4,774     $ 4,911  
Same hospital (a)
  $ 4,449     $ 4,566     $ 4,574     $ 4,650     $ 4,530     $ 4,703     $ 4,680     $ 4,830  
Accounts receivable, net
  $ 56.4     $ 57.8     $ 53.9     $ 50.1     $ 63.5     $ 59.7     $ 59.1     $ 56.7  
Net revenue days in A/R
    37.8       39.5       34.2       32.3       37.1       35.8       36.4       31.7  
Admissions
    17,195       15,281       16,721       16,888       18,900       17,128       16,875       17,988  
Admissions for divestitures
    (1,812 )     (1,171 )     (713 )     (221 )                        
 
   
     
     
     
     
     
     
     
 
Admissions (exclusive of divestitures)
    15,383       14,110       16,008       16,667       18,900       17,128       16,875       17,988  
Admissions for acquisitions
          (306 )     (2,350 )     (2,448 )     (2,624 )     (2,457 )     (2,327 )     (3,252 )
 
   
     
     
     
     
     
     
     
 
Same hospital (a)
    15,383       13,804       13,658       14,219       16,276       14,671       14,548       14,736  
 
   
     
     
     
     
     
     
     
 
ER visits
    70,825       73,870       79,366       70,891       77,573       76,201       79,145       80,191  
ER visits for divestitures
    (10,520 )     (9,685 )     (5,750 )     (801 )                        
 
   
     
     
     
     
     
     
     
 
ER visits (exclusive of divestitures)
    60,305       64,185       73,616       70,090       77,573       76,201       79,145       80,191  
ER visits for acquisitions
          (1,294 )     (10,781 )     (10,585 )     (13,108 )     (12,721 )     (13,190 )     (17,385 )
 
   
     
     
     
     
     
     
     
 
Same hospital (a)
    60,305       62,891       62,835       59,505       64,465       63,480       65,955       62,806  
 
   
     
     
     
     
     
     
     
 
Outpatient surgeries
    12,295       12,488       12,710       12,218       13,555       14,250       14,387       15,231  
O/P surgeries for divestitures
    (968 )     (678 )     (381 )     (98 )                        
 
   
     
     
     
     
     
     
     
 
O/P surgeries (exclusive of divestitures)
    11,327       11,810       12,329       12,120       13,555       14,250       14,387       15,231  
O/P surgeries for acquisitions
          (118 )     (964 )     (979 )     (1,080 )     (1,288 )     (1,252 )     (2,300 )
 
   
     
     
     
     
     
     
     
 
Same hospital (a)
    11,327       11,692       11,365       11,141       12,475       12,962       13,135       12,931  
 
   
     
     
     
     
     
     
     
 
Total surgeries
    16,853       16,853       17,367       16,939       18,597       19,109       19,219       20,540  
Total surgeries for divestitures
    (1,384 )     (936 )     (571 )     (158 )                        
 
   
     
     
     
     
     
     
     
 
Total surgeries (exclusive of divestitures)
    15,469       15,917       16,796       16,781       18,597       19,109       19,219       20,540  
Total surgeries for acquisitions
          (201 )     (1,499 )     (1,550 )     (1,745 )     (1,981 )     (1,936 )     (3,290 )
 
   
     
     
     
     
     
     
     
 
Same hospital (a)
    15,469       15,716       15,297       15,231       16,852       17,128       17,283       17,250  
 
   
     
     
     
     
     
     
     
 

(a)   Same hospital information excludes the operations of hospitals which we either acquired or divested during the years presented. During 2000 and 2001, same hospital represents the same 18 hospitals that we operated during both years. For 2002, same hospital represents the same 21 hospitals that we operated during both 2002 and 2001. The costs of corporate overhead are included in same hospital information.

 


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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

               
    LIFEPOINT HOSPITALS, INC
 
 
    By:   /s/   Michael J. Culotta
     
        Michael J. Culotta,
Senior Vice President and
Chief Financial Officer
 
 
Date: May 2, 2002            


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EXHIBIT INDEX

         
Exhibit
Number Description of Exhibit


  99     Copy of press release regarding the Company’s participation in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002.
EX-99 3 g75834ex99.txt PRESS RELEASE Exhibit: 99 LIFEPOINT HOSPITALS, INC. Contact: Penny L. Brake Director, Finance (615) 372-8532 LIFEPOINT HOSPITALS TO PARTICIPATE IN DEUTSCHE BANK HEALTH CARE 2002 CONFERENCE BRENTWOOD, Tennessee (May 1, 2002) - LifePoint Hospitals, Inc. (Nasdaq/NM: LPNT) today announced that it will participate in the Deutsche Bank Health Care 2002 Conference to be held May 7-9, 2002, in Baltimore, Maryland. Kenneth C. Donahey, chairman and chief executive officer of LifePoint Hospitals, and Michael J. Culotta, LifePoint's chief financial officer, will give a presentation on the Company, followed by a question and answer session. The Company also announced that a live broadcast of its conference presentation will be available on Tuesday, May 7, beginning at 11:00 a.m. Eastern Time. To access the broadcast, listeners should go to the Company's website, www.lifepointhospitals.com or to www.db.com/conferences approximately 15 minutes prior to the event to register and download any necessary software, Microsoft Media Player or RealPlayer. For those unable to listen to the live broadcast, a replay will be available for 30 days by accessing the addresses above. LifePoint Hospitals, Inc. operates 23 hospitals in non-urban areas. In most cases, the LifePoint facility is the only hospital in its community. LifePoint's non-urban operating strategy offers continued operational improvement by focusing on its five core values: delivering high quality patient care, supporting physicians, creating excellent workplaces for its employees, providing community value, and ensuring fiscal responsibility. Headquartered in Brentwood, Tennessee, LifePoint Hospitals is affiliated with over 7,000 employees. The above statements include forward-looking statements based on current management expectations. Numerous factors exist which may cause results to differ from these expectations. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict. These statements are subject to risks and uncertainties relating to the Company, including without limitation, (i) possible changes in reimbursement to healthcare providers and insurers that may reduce payments; (ii) its ability to attract and retain qualified management and personnel, including physicians, nurses and clinical support personnel; (iii) the geographic concentration of the Company's operations; (iv) risks associated with the Company's acquisition and disposition strategies; (v) the management of healthcare risks as a result of the delivery of patient care; (vi) the regulated nature of the healthcare industry; (vii) the highly competitive nature of the healthcare business; (viii) the potential adverse impact of government investigations and litigation involving the business practices of HCA (to the extent relating to periods prior to the Company's formation); (ix) fluctuations in the market value of the Company's common stock; and (x) those risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. Therefore, the Company's actual results may differ materially. The Company undertakes no obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. All references to "Company" and "LifePoint" as used throughout this document refer to LifePoint Hospitals, Inc. and its affiliates. -END-
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