-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, ZyLt0xamk13jOPRZwp5VH7Cqqsb/9uOBnxUOChaCNidlnRrm3Ju5By4pie7nWmXK ke3i0tM0quj8Jonx52ZOBQ== 0000019411-94-000005.txt : 19940214 0000019411-94-000005.hdr.sgml : 19940214 ACCESSION NUMBER: 0000019411-94-000005 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHARTER MEDICAL CORP CENTRAL INDEX KEY: 0000019411 STANDARD INDUSTRIAL CLASSIFICATION: 8060 IRS NUMBER: 581076937 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 34 SEC FILE NUMBER: 001-06639 FILM NUMBER: 94506502 BUSINESS ADDRESS: STREET 1: 577 MULBERRY ST STREET 2: PO BOX 209 CITY: MACON STATE: GA ZIP: 31298 BUSINESS PHONE: 9127421161 10-Q 1 FORM 10-Q 12/31/93 _______________________________________________________________________________ FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________ (Mark One) ___ X QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 1993 OR ___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-6639 CHARTER MEDICAL CORPORATION (Exact name of Registrant as specified in its charter) Delaware 58-1076937 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 577 Mulberry Street, Macon, Georgia 31298 (Address of principal executive offices) (Zip Code) (912) 742-1161 (Registrant's telephone number, including area code) See Table of Additional Registrants below. ___________ Not Applicable (Former name, former address and former fiscal year, if changed since last report) ___________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes X No The number of shares of the Registrant's Common Stock outstanding as of January 31, 1994, was 26,741,280. _______________________________________________________________________________
ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Ambulatory Resources, Inc. Georgia 58-1456102 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Atlanta MOB, Inc. Georgia 58-1558215 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Beltway Community Hospital, Texas 58-1324281 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 C.A.C.O. Services, Inc. Ohio 58-1751511 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Charter Barclay Hospital, Illinois 58-1315760 4700 North Clarendon Avenue Inc. Chicago, IL 60640 (312) 728-7100 Charter By-The-Sea, Inc. Georgia 58-1351301 2927 Demere Road St. Simons Island, GA 31522 (912) 638-1999 Charter Canyon Hospital, Utah 58-1557925 175 West 7200 South Inc. Midvale, UT 84047 (801) 561-8181 Charter Colonial Institute, Virginia 58-1492652 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Community Hospital Iowa 58-1523702 577 Mulberry Steet of Des Moines, Inc. Macon, GA 31298 (912) 742-1161 Charter Community Hospital, California 58-1398708 21530 South Pioneer Inc. Boulevard Hawaiian Gardens, CA 90716 (310) 860-0401 Charter Fairmount Institute, Pennsylvania 58-1616921 561 Fairthorne Avenue Inc. Philadelphia, PA 19128 (215) 487-4000
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Forest Hospital, Inc. Louisiana 58-1508454 9320 Linwood Avenue Shreveport, LA 71106 (318) 688-3930 Charter Health Management Texas 58-2025056 577 Mulberry Street of Texas, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of New Mexico 58-1479480 5901 Zuni Road, SE Albuquerque, Inc. Albuquerque, NM 87108 (505) 265-8800 Charter Hospital of Aurora, Colorado 58-1761037 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Austin, Texas 58-1440665 8402 Cross Park Drive Inc. Austin, TX 78754 (512) 837-1800 Charter Hospital of Florida 58-1640244 577 Mulberry Street Bradenton, Inc. Macon, Georgia 31298 (912) 742-1161 Charter Hospital of South Carolina 58-1761157 2777 Speissegger Drive Charleston, Inc. Charleston, SC 29405-8299 (803) 747-5830 Charter Hospital of Virginia 58-1616917 2101 Arlington Boulevard Charlottesville, Inc. Charlottesville, VA 22903-1593 (804) 977-1120 Charter Hospital of Missouri 61-1009977 200 Portland Street Columbia, Inc. Columbia, MO 65201 (314) 876-8000 Charter Hospital of Ohio 58-1598899 577 Mulberry Street Columbus, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Corona, California 95-2685883 2055 Kellogg Drive Inc. Corona, CA 91720 (714) 735-2910 Charter Hospital of Texas 58-1513305 3126 Rodd Field Road Corpus Christi, Inc. Corpus Christi, TX 78414 (512) 993-8893
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Hospital of Dallas, Texas 58-1513306 6800 Preston Road Inc. Plano, TX 75024 (214) 964-3939 Charter Hospital of Denver, Colorado 58-1662413 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Colorado 58-1768534 577 Mulberry Street Ft. Collins, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of California 58-1747020 577 Mulberry Street Fountain Valley, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Texas 58-1818492 2300 William D. Tate Ave. Grapevine, Inc. Grapevine, TX 76051 (817) 481-1900 Charter Hospital of North Carolina 58-1335184 700 Walter Reed Drive Greensboro, Inc. Greensboro, NC 27403 (919) 852-4821 Charter Hospital of Mississippi 58-1616919 East Lakeland Drive Jackson, Inc. Jackson, MS 39208 (601) 939-9030 Charter Hospital of Lake Louisiana 62-1152811 4250 Fifth Avenue, South Charles, Inc. Lake Charles, LA 70605 (318) 474-6133 Charter Hospital of Texas 58-1491620 577 Mulberry Street Laredo, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Nevada 58-1321317 7000 West Spring Mountain Las Vegas, Inc. Road Las Vegas, NV 89180 (702) 876-4357 Charter Hospital of Little Arkansas 58-1747019 1601 Murphy Drive Rock, Inc. Maumelle, AR 72118 (501) 851-8700 Charter Hospital of Kentucky 58-1517503 1405 Browns Lane Louisville, Inc. Louisville, KY 40207 (502) 896-0495
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Hospital of Miami, Florida 61-1061599 11100 N.W. 27th Street Inc. Miami, FL 33172 (305) 591-3230 Charter Hospital of Wisconsin 58-1790135 11101 West Lincoln Avenue Milwaukee, Inc. West Allis, WI 53227 (414) 327-3000 Charter Hospital of Mission California 58-1761156 23228 Madero Viejo, Inc. Mission Viejo, CA 92691 (714) 830-4800 Charter Hospital of Mobile, Alabama 58-1318870 251 Cox Street Inc. Mobile, AL 36604 (205) 432-4111 Charter Hospital of Northern New Jersey 58-1852138 577 Mulberry Street New Jersey, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Kansas 58-1603154 8000 West 127th Street Overland Park, Inc. Overland Park, KS 66213 (913) 897-4999 Charter Hospital of Portland, Oregon 58-1885554 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Georgia 58-0979827 577 Mulberry Street Redlands, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Illinois 58-1754138 577 Mulberry Street Rockford, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of California 58-1857277 101 Cirby Hills Drive Sacramento, Inc. Roseville, CA 95678 (916) 969-4666 Charter Hospital of California 58-1669160 11878 Avenue of Industry San Diego, Inc. San Diego, CA 92128 (619) 487-3200 Charter Hospital of Santa New Mexico 58-1584861 577 Mulberry Street Teresa, Inc. Macon, GA 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Hospital of Georgia 58-1750583 1150 Cornell Avenue Savannah, Inc. Savannah, GA 31416 (912) 354-3911 Charter Hospital of Sioux South Dakota 58-1674278 2812 South Louise Avenue Falls, Inc. Sioux Falls, SD 57106 (605) 361-8111 Charter Hospital of Missouri 58-1583760 577 Mulberry Street St. Louis, Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Tampa Florida 58-1616916 4004 North Riverside Drive Bay, Inc. Tampa, FL 33603 (813) 238-8671 Charter Hospital of Toledo, Ohio 58-1731068 1725 Timberline Road Inc. Maumee, Ohio 43537 (419) 891-9333 Charter Hospital of Torrance, California 58-1402481 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Hospital of Wichita, Kansas 58-1634296 8901 East Orme Inc. Wichita, KS 67207 (316) 686-5000 Charter Hospital of Winston- North Carolina 56-1050502 3637 Old Vineyard Road Salem, Inc. Winston-Salem, NC 27104 (919) 768-7710 Charter Imaging, Inc. Georgia 58-1527680 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Charter Lake Hospital, Inc. Georgia 58-1408670 3500 Riverside Drive Macon, GA 31209 (912) 474-6200 Charter Lakeside Hospital, Tennessee 62-0892645 2911 Brunswick Road Inc. Memphis, TN 38134 (901) 377-4700 Charter Medical - California, Georgia 58-1357345 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Medical - Clayton Georgia 58-1579404 577 Mulberry Street County, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - Cleveland, Texas 58-1448733 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - Dallas, Texas 58-1379846 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - Ft. Florida 58-1527678 577 Mulberry Street Lauderdale, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - Fort Indiana 58-1524996 1720 Beacon Street Wayne, Inc. Fort Wayne, IN 46805 (219) 423-3651 Charter Medical - Florida 58-1483015 3947 Salisbury Road Jacksonville, Inc. Jacksonville, FL 32216 (904) 296-2447 Charter Medical - Lake Indiana 58-1603160 101 West 61st Avenue County, Inc. State Road 51 Hobart, IN 46342 (219) 947-4464 Charter Medical - Long California 58-1366604 6060 Paramount Boulevard Beach, Inc. Long Beach, CA 90805 (310) 220-1000 Charter Medical - Marion Indiana 58-1674291 5602 Caito Drive County, Inc. Indianapolis, IN 46226 (317) 545-2111 Charter Medical - New York, New York 58-1761153 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - Southeast, Florida 58-1483014 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Medical - St. Joseph Indiana 58-1674287 6704 North Gumwood Drive County, Inc. Granger, IN 46530 (219) 272-9799
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Medical - Tippecanoe Indiana 58-1603158 3700 Rome Drive County, Inc. Lafayette, IN 47905 (317) 448-6999 Charter Medical - Vigo Indiana 58-1674293 1400 Crossing Boulevard County, Inc. Terre Haute, IN 47802 (812) 299-4196 Charter Medical Cerritos, California 58-1473063 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Medical Corporation North Carolina 58-1463919 400 Newton Road of Raleigh, Inc. Raleigh, NC 27615 (919) 847-0008 Charter Medical Executive Georgia 58-1538092 577 Mulberry Street Corporation Macon, GA 31298 (912) 742-1161 Charter Medical Information Georgia 58-1530236 577 Mulberry Street Services, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical International Georgia 58-1357343 577 Mulberry Street - Arabia, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical Georgia 58-1249663 577 Mulberry Street International, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical Nevada 58-1605110 577 Mulberry Street International, S.A., Inc. Macon, GA 31298 (912) 742-1161 Charter Medical Management Georgia 58-1195352 577 Mulberry Street Company Macon, GA 31298 (912) 742-1161 Charter Medical of North Carolina 58-1462214 3621 Randolph Road Charlotte, Inc. Charlotte, NC 28211 (704) 365-5368 Charter Medical of East Tennessee 58-1410348 577 Mulberry Street Tennessee, Inc. Macon, GA 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Medical of East Arizona 58-1643158 2190 N. Grace Boulevard Valley, Inc. Chandler, AZ 85224 (602) 899-8989 Charter Medical of Ft. Texas 58-1643151 6201 Overton Ridge Blvd. Worth, Inc. Fort Worth, TX 76132 (817) 292-6844 Charter Medical of North Arizona 58-1643154 6015 W. Peoria Avenue Phoenix, Inc. Glendale, AZ 85311 (602) 878-7878 Charter Medical of Orange Florida 58-1615673 577 Mulberry Street County, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical of Richmond Georgia 58-1615676 3100 Perimeter Parkway County, Inc. Augusta, GA 30909 (404) 868-6625 Charter Medical of California 58-1366605 577 Mulberry Street Sacramento, Inc. Macon, GA 31298 (912) 742-1161 Charter Medical of Thousand California 58-1731069 150 Via Merida Oaks, Inc. Thousand Oaks, CA 91361 (805) 495-3292 Charter MOB of Virginia 58-1761158 1023 Millmont Avenue Charlottesville, Inc. Charlottesville, VA 22901 (804) 977-1120 Charter National Laboratory, Tennessee 58-1860496 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter North Hospital, Inc. Alaska 58-1474550 2530 DeBarr Road Anchorage, AK 99508-2996 (907) 258-7575 Charter Northside Hospital, Georgia 58-1440656 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Oak Hospital, Inc. California 58-1334120 1161 East Covina Boulevard Covina, CA 91724 (818) 966-1632
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter of Alabama, Inc. Alabama 63-0649546 577 Mulberry Street Macon, Georgia 31298 (912) 742-1161 Charter Palms Hospital, Inc. Texas 58-1416537 1421 E. Jackson Avenue McAllen, TX 78502 (512) 631-5421 Charter Peachford Hospital, Inc. Georgia 58-1086165 2151 Peachford Road Atlanta, GA 30338 (404) 455-3200 Charter Plains Hospital, Texas 58-1462211 801 N. Quaker Avenue Inc. Lubbock, TX 79408 (806) 744-5505 Charter-Provo School, Inc. Utah 58-1647690 4501 North University Ave. Provo, UT 84603 (801) 227-2000 Charter Psychiatric Hospitals, Delaware 58-1852072 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Charter Real, Inc. Texas 58-1485897 8550 Huebner Road San Antonio, TX 78240 (512) 699-8585 Charter Regional Medical Texas 74-1299623 577 Mulberry Street Center, Inc. Macon, Georgia 31298 (912) 742-1161 Charter Ridge Hospital, Inc. Kentucky 58-1393063 3050 Rio Dosa Drive Lexington, KY 40509 (606) 269-2325 Charter Rivers Hospital, Inc. South Carolina 58-1408623 2900 Sunset Boulevard West Columbia, SC 29171 (803) 796-9911 Charter Springs Hospital, Florida 58-1517461 3130 S.W. 27th Avenue Inc. Ocala, FL 32678 (904) 237-7293 Charter Suburban Hospital, California 58-1394959 577 Mulberry Street Inc. Macon, Georgia 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Charter Suburban Hospital Texas 75-1161721 577 Mulberry Street of Mesquite, Inc. Macon, GA 31298 (912) 742-1161 Charter Treatment Center of Michigan 58-2025057 577 Mulberry Street Michigan, Inc. Macon, GA 31298 (912) 742-1161 Charter Vista Hospital, Inc. Arkansas 58-1449455 4253 Crossover Road Fayetteville, AR 72701 (501) 521-5731 Charter Westbrook Hospital, Virginia 54-0858777 1500 Westbrook Avenue Inc. Richmond, VA 23227 (804) 266-9671 Charter Winds Hospital, Inc. Georgia 58-1513304 240 Mitchell Bridge Road Athens, GA 30604 (404) 546-7277 Charter Woods Hospital, Inc. Alabama 58-1330526 700 Cottonwood Road Dothan, AL 36302 (205) 794-4357 Charterton/LaGrange, Inc. Kentucky 61-0882911 577 Mulberry Street Macon, GA 31298 (912) 742-1161 CCM, Inc. Nevada 58-1662418 577 Mulberry Street Macon, GA 31298 (912) 742-1161 CMCA, Inc. Georgia 58-1731354 577 Mulberry Street Macon, GA 31298 (912) 742-1161 CMCI, Inc. Nevada 88-0224620 1061 East Flamingo Road Suite One Las Vegas, NV 89119 (702) 737-0282 CMFC, Inc. Nevada 88-0215629 1061 East Flamingo Road Suite One Las Vegas, NV 89119 (702) 737-0282 CMHS, Inc. Alabama 58-1569921 5800 Southland Drive Mobile, AL 36609 (205) 661-3001
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices CMSF, Inc. Florida 58-1324269 3550 Colonial Boulevard Fort Myers, FL 33906 (813) 939-0403 CPS Associates, Inc. Virginia 58-1761039 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Desert Springs Hospital, Inc. Nevada 88-0117696 577 Mulberry Street Macon, Georgia 31298 (912) 742-1161 Employee Assistance Services, Georgia 58-1501282 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Florida Health Facilities, Florida 58-1860493 21808 State Road 54 Inc. Lutz, Fl 33549 (813) 948-2441 Florida Residential Florida 58-1705131 1950 Benoist Farms Road Treatment Centers, Inc. West Palm Beach, FL 33411 (407) 687-1511 Gwinnett Immediate Care Georgia 58-1456097 577 Mulberry Street Center, Inc. Macon, GA 31298 (912) 742-1161 HCS, Inc. Georgia 58-1527679 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Holcomb Bridge Immediate Georgia 58-1374463 577 Mulberry Street Care Center, Inc. Macon, GA 31298 (912) 742-1161 Hospital Investors, Inc. Georgia 58-1182191 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Kentucky Institute for Kentucky 61-1006115 435 Berger Road Stress and Addiction, Inc. Paducah, KY 42002-7609 (502) 444-0444 Mandarin Meadows, Inc. Florida 58-1761155 577 Mulberry Street Macon, GA 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Metropolitan Hospital, Inc. Georgia 58-1124268 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Middle Georgia Hospital, Inc. Georgia 58-1121715 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Pacific-Charter Medical, Inc. California 58-1336537 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Physicians & Surgeons Louisiana 72-0686492 577 Mulberry Street Hospital, Inc. Macon, GA 31298 (912) 742-1161 Richmond MOB, Inc. Virginia 58-1761160 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Rivoli, Inc. Georgia 58-1686160 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Shallowford Community Hospital, Georgia 58-1175951 577 Mulberry Street Inc. Macon, GA 31298 (912) 742-1161 Shallowford Providers, Inc. Georgia 58-1900736 577 Mulberry Street Macon, GA 31298 (912) 742-1161 Sistemas De Terapia Georgia 58-1181077 577 Mulberry Street Respiratoria, S.A., Inc. Macon, GA 31298 (912) 742-1161 Structured Healthcare Georgia 58-1558212 577 Mulberry Street Systems, Inc. Macon, GA 31298 (912) 742-1161
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ADDITIONAL REGISTRANTS(1) Address including zip code, State or other and telephone number Exact name of jurisdiction of I.R.S. Employer including area code, registrant as specified incorporation Identification of registrant's principal in its charter or organization Number executive offices Stuart Circle Hospital Virginia 54-0855184 577 Mulberry Street Corporation Macon, GA 31298 (912) 742-1161 Western Behavioral California 58-1662416 577 Mulberry Street Systems, Inc. Macon, GA 31298 (912) 742-1161 (1) The Additional Registrants listed are wholly-owned subsidiaries of the Registrant and are guarantors of the Registrant's 7.5% Senior Subordinated Debentures due 2003. The Additional Registrants have been conditionally exempted, pursuant to Section 12(h) of the Securities Exchange Act of 1934, from filing reports under Section 13 of the Securities Exchange Act of 1934. -xiii-
FORM 10-Q CHARTER MEDICAL CORPORATION AND SUBSIDIARIES INDEX
Page No. PART I - Financial Information: Condensed Consolidated Balance Sheets - December 31, 1993 and September 30, 1993...................... 4 Condensed Consolidated Statement of Operations - For the Quarters ended December 31, 1993 and 1992............. 6 Condensed Consolidated Statement of Changes in Stockholders' Equity - For the Quarter ended December 31, 1993............................................. 7 Condensed Consolidated Statements of Cash Flows - For the Quarters ended December 31, 1993 and 1992............. 8 Notes to Condensed Consolidated Financial Statements........... 9 Management's Discussion and Analysis of Financial Condition and Results of Operations........................... 12 PART II - Other Information: Item 6. - Exhibits and Reports on Form 8-K..................... 16 Signatures.......................................................... 17 CHARTER MEDICAL CORPORATION QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 PART I - FINANCIAL INFORMATION CHARTER MEDICAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands)
December 31 September 30 ASSETS 1993 1993 Current Assets Cash and cash equivalents....................... $ 59,250 $ 86,002 Cash collateral account......................... 392 5,426 Accounts receivable, net........................ 117,963 119,638 Supplies........................................ 4,956 5,051 Other current assets............................ 11,528 15,798 Total Current Assets......................... 194,089 231,915 Property and Equipment Land............................................ 93,775 95,886 Buildings and improvements...................... 308,829 310,649 Equipment....................................... 67,846 67,421 470,450 473,956 Accumulated depreciation........................ (36,769) (30,098) 433,681 443,858 Construction in progress........................ 884 928 434,565 444,786 Other Long-Term Assets............................ 106,799 104,284 Reorganization Value in Excess of Amounts Allocable to Identifiable Assets, net............ 49,401 57,201 __________ __________ $ 784,854 $ 838,186
CHARTER MEDICAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except shares and per share data)
December 31 September 30 LIABILITIES AND STOCKHOLDERS' EQUITY 1993 1993 Current Liabilities Accounts payable.................................. $ 36,827 $ 52,264 Accrued expenses and other current liabilities.... 130,540 149,377 Current maturities of long-term debt and capital lease obligations........................ 60,167 70,957 Total Current Liabilities.................... 227,534 272,598 Long-Term Debt and Capital Lease Obligations........ 340,699 350,205 Deferred Income Taxes............................... 31,232 38,789 Reserve for Unpaid Claims........................... 99,608 99,675 Deferred Credits and Other Long-Term Liabilities.... 18,553 19,621 Stockholders' Equity Common Stock, par value $0.25 per share Authorized - 80,000,000 shares Issued and outstanding - 26,720,275 shares at December 31, 1993 and 25,001,042 shares at September 30, 1993.......................... 6,680 6,250 Other Stockholders' Equity Additional paid-in capital...................... 239,381 237,581 Accumulated deficit............................. (63,289) (59,423) Unearned compensation under ESOP................ (110,425) (122,724) Warrants outstanding............................ 183 274 Cumulative foreign currency adjustments......... (5,302) (4,660) Stockholders' Equity.......................... 67,228 57,298 Commitments and Contingencies __________ __________ $ 784,854 $ 838,186
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these balance sheets. CHARTER MEDICAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except per share data)
For the Quarter ended December 31 1993 1992 Net Revenue.................................... $208,817 $226,390 Costs and Expenses Operating expenses........................... 152,442 159,754 Bad debt expense............................. 16,129 18,377 Depreciation and amortization................ 6,675 7,167 Amortization of reorganization value in excess of amounts allocable to identifi- able assets................................. 7,800 10,750 Interest, net................................ 8,367 18,984 ESOP expense................................. 12,299 9,005 Stock option expense......................... 6,195 2,261 209,907 226,298 Income (Loss) from continuing operations before income taxes........................... (1,090) 92 Provision for income taxes..................... 2,776 4,120 Loss from continuing operations................ (3,866) (4,028) Loss from discontinued operations (net of income tax provision of $2,945)............... -- (3,196) Net Loss....................................... $ (3,866) $ (7,224) Average Number of Common Shares Outstanding................................... 25,166 24,828 Loss per common share: Loss from continuing operations.............. $(.15) $(.16) Loss from discontinued operations............ -- (.13) Net Loss..................................... $(.15) $(.29)
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.
CHARTER MEDICAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (In thousands) Other Stockholders' Equity Cumulative Additional Unearned Foreign Common Stock Paid-in Accumulated Compensation Warrants Currency Shares Amount Capital Deficit Under ESOP Outstanding Adjustments Balance at September 30, 1993..... 25,001 $6,250 $237,581 $(59,423) $(122,724) $ 274 $(4,660) Additions (Deductions): Net loss........................ -- -- -- (3,866) -- -- -- ESOP expense.................... -- -- -- -- 12,299 -- -- Stock option expense accrual.... -- -- 6,195 -- -- -- -- Exercise of stock options....... 1,682 421 (14,096) -- -- -- -- Exercise of warrants............ 37 9 277 -- -- (91) -- Tax benefit related to exercise of stock options............... -- -- 9,424 -- -- -- -- Foreign currency translation loss........................... -- -- -- -- -- -- (642) Balance at December 31, 1993...... 26,720 $6,680 $239,381 $(63,289) $(110,425) $ 183 $(5,302) The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of this statement.
CHARTER MEDICAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands)
For the Quarter ended December 31 1993 1992 Cash Flows From Operating Activities Net loss.......................................... $ (3,866) $(7,224) Adjustments to reconcile net loss to net cash used in operating activities: Loss from discontinued operations............. -- 3,196 Depreciation and amortization................. 14,475 17,917 ESOP expense.................................. 12,299 9,005 Stock option expense.......................... 6,195 2,261 Non-cash interest expense..................... 677 1,467 Cash flows from changes in assets and liabilities, net of effects from sales and acquisitions of businesses: Accounts receivable, net................... 1,679 (7,287) Other assets............................... 3,692 (472) Accounts payable and other accrued liabilities............................... (28,107) (32,612) Reserve for unpaid claims.................. 263 190 Income taxes payable....................... (14,392) 3,592 Other liabilities.......................... (1,887) 8,349 Other......................................... 549 (303) Total adjustments............................ (4,557) 5,303 Net cash used in operating activities.... (8,423) (1,921) Cash Flows From Investing Activities Capital expenditures.............................. (2,651) (2,736) Acquisitions of businesses........................ (1,733) -- (Increase) Decrease in assets restricted for settlement of unpaid claims...................... 1,320 (1,222) Proceeds from sale of assets...................... 5,196 5,893 Cash flows from discontinued operations........... -- 8,247 Net cash provided by investing activities.............................. 2,132 10,182 Cash Flows From Financing Activities Proceeds from issuance of debt.................... -- 17,200 Payments on debt and capital lease obligations.... (21,439) (52,880) Proceeds from exercise of stock options and warrants......................................... 734 -- Tax benefit related to the exercise of stock options.......................................... 9,424 -- Income tax payments made on behalf of stock optionee......................................... (14,214) -- (Increase) Decrease in cash collateral account.... 5,034 (17,139) Net cash used in financing activities.... (20,461) (52,819) Net decrease in cash and cash equivalents........... (26,752) (44,558) Cash and cash equivalents at beginning of period.... 86,002 140,803 Cash and cash equivalents at end of period.......... $ 59,250 $ 96,245
The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements. CHARTER MEDICAL CORPORATION AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS December 31, 1993 (Unaudited) NOTE A - Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation, have been included. These financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended September 30, 1993, included in the Company's Annual Report on Form 10-K. NOTE B - Nature of Business The Company's business is seasonal in nature, with a reduced demand for certain services generally occurring in the fourth fiscal quarter and around major holidays, such as Thanksgiving and Christmas. The Company's business is also subject to general economic conditions and other factors. Accordingly, the results of operations for the interim periods are not necessarily indicative of the results expected for the year. NOTE C - Supplemental Cash Flow Information Below is supplemental cash flow information related to the quarters ended December 31, 1993 and 1992:
For the Quarter ended December 31 1993 1992 (In thousands) Income taxes paid, net of refunds received....... $ 7,534 $ 310 Interest paid, net of amounts capitalized........ 4,707 19,536 Payments to ESOP................................. -- 4,475
NOTE D - Long-Term Debt and Leases Information with regard to the Company's long-term debt and capital lease obligations at December 31, 1993 and September 30, 1993 follows (in thousands):
December 31 September 30 1993 1993 Financing under the Credit Agreement: Tranche A Facility (6.5% at December 31, 1993)............................ $ 73,505 $ 93,871 Tranche B Facility (5.525% to 8.375% at December 31, 1993)............................ 67,619 67,619 Debentures due 2003 (net of discount of $43,320 at December 31, 1993 and $43,997 at September 30, 1993)............................. 156,680 156,003 8% to 16% Mortgage and other collateralized notes payable through 1998............................................ 21,044 21,502 Variable rate secured notes due through 2013 (3.25% to 3.55% at December 31, 1993)...... 64,125 64,175 7.5% Swiss Bonds due currently................... 6,443 6,443 3.4% to 11.5% Capital lease obligations due through 2014................................ 11,780 11,965 401,196 421,578 Less amounts due within one year............... 60,167 70,957 Less debt service funds........................ 330 416 $340,699 $350,205
During October 1993, the Company made mandatory prepayments of approximately $17.1 million to the Banks which represented 75% of net proceeds from asset sales and estimated excess cash at September 30, 1993. In December 1993, the Company also made mandatory prepayments of approximately $3.3 million to the Banks which represented 75% of net proceeds from asset sales. The Company made a mandatory payment of approximately $3.1 million to the Banks in January 1994 which represented actual excess cash over estimated excess cash at September 30, 1993. Additionally, in January 1994 the Company made a voluntary prepayment to the Banks of $30 million which reduced the amount due on March 31, 1994, to $2.5 million and the amount due on September 30, 1994 to approximately $18.3 million. NOTE E - Contingencies General and Professional Liability The Company is self-insured for a substantial portion of general and professional liability risks. The reserves for self-insured general and professional liability losses, including loss adjustment expenses, are based on actuarial estimates using the Company's historical claims experience adjusted for current industry trends. The reserve for unpaid claims is adjusted as such claims mature, to reflect revised actuarial estimates based on actual experience. While management and its actuaries believe that the present reserve is reasonable, ultimate settlement of losses may vary from the amount provided. Litigation In addition to general and professional liability claims, the Company is subject to other claims, suits, surveys and investigations. This includes a federal investigation of certain business practices of a subsidiary of the Company that operates one psychiatric hospital. In the opinion of management, the ultimate resolution of such other pending legal proceedings will not have a material adverse effect on the Company's financial position or results of operations. CHARTER MEDICAL CORPORATION AND SUBSIDIARIES December 31, 1993 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Growth and Expansion Strategy The Company announced January 12, 1994, that it plans to become a family of companies that finance, manage and deliver quality, cost-effective behavioral healthcare. These companies would be coordinated to provide an integrated, at-risk behavioral health delivery system that would be responsive to patients, clinicians, managed care companies, employers, insurance companies, and the new health plans and purchasing alliances anticipated in a reformed health care system. Two new businesses would be formed to implement the strategy: a Technologies and Management Information Unit ("TMI Unit") and a clinical services unit named Group Practice Affiliates, Inc. ("GPA"). The strategy would also require the repositioning and expansion of the Company's current facility-based services. The TMI Unit would expand the Company's expertise in managing the cost and quality of mental health care services along with the systems to document outcomes and clinical results. During the first quarter of fiscal 1994, the Company acquired Strategic Advantage, Inc., whose clinical outcome monitoring systems track patient progress and help ensure patients receive cost-effective and appropriate levels of service and medical attention. The TMI Unit would also develop systems for maximizing the efficiency and effectiveness of the scheduling of patients and clinical and support personnel, and the use of materials, such as pharmaceuticals and supplies. The systems would also provide case management services including outcome measurement and protocol development, patient health status, longitudinal patient record keeping and clinical credentialing. The Company plans for GPA to acquire, develop and manage behavioral group practices comprised of psychiatrists, psychologists and other mental health professionals. The Company will provide the marketing, management and financial resources necessary to expand and improve the economic vitality of selected group practices. The Company's growth and expansion strategy will require reconfiguring and repositioning current hospital-based services to make them more flexible and independent of traditional settings. The Company plans to offer new clinical services and risk-bearing arrangements, form alliances with regional medical systems and enter approximately 30 new geographic markets. The implementation of the Company's new growth and expansion strategy will occur over the next three years. Results of Operations Discontinued Operations The results of operations of the general hospitals sold on September 30, 1993 have been reported as discontinued operations in the Company's financial statements. Included in these amounts are net interest expenses related to debt specifically identifiable as debt of the general hospitals. For the first quarter of fiscal 1993, the core general hospitals had net revenue of approximately $88.4 million and a net loss of approximately $3.4 million. Management of the Company believes the sale of the general hospitals has allowed the Company to concentrate its efforts on behavioral healthcare systems. Additionally, the sale of the general hospitals allowed the Company to reduce its long-term debt by approximately $308.5 million. As a result of this debt pay off, mandatory and voluntary prepayments and scheduled payments in fiscal 1993, net interest expense for the quarter ended December 31, 1993 decreased 56% as compared to the first quarter of fiscal 1993. Psychiatric Hospital Operations Selected statistics for the 75 psychiatric hospitals in operation at December 31, 1993, by quarter for fiscal 1994 and fiscal 1993 follow:
Fiscal Fiscal % 1994 1993 Change Licensed beds at: December 31............................. 6,985 6,999 -- March 31................................ 7,049 June 30................................. 7,037 September 30............................ 6,977 Net revenue (in thousands): Quarter: First................................. $198,129 $ 212,683 (7)% Second................................ 217,954 Third................................. 218,568 Fourth................................ 194,637 Year.................................... $ 843,842 Patient days: Quarter: First................................. 320,664 339,194 (5) Second................................ 353,709 Third................................. 342,424 Fourth................................ 323,530 Year.................................... 1,358,857 Equivalent patient days: Quarter: First................................. 349,947 362,822 (4) Second................................ 379,228 Third................................. 371,887 Fourth................................ 351,431 Year.................................... 1,465,368
Fiscal Fiscal % 1994 1993 Change Net revenue per equivalent patient day: Quarter: First................................. $566 $586 (3)% Second................................ 575 Third................................. 588 Fourth................................ 554 Year.................................... 576 Admissions: Quarter: First................................. 21,875 19,624 11 Second................................ 22,380 Third................................. 21,702 Fourth................................ 22,361 Year.................................... 86,067 Average length of stay: Quarter: First................................. 14.5 16.9 (14) Second................................ 15.7 Third................................. 16.0 Fourth................................ 14.4 Year.................................... 15.7
The Company's patient days for the first quarter of fiscal 1994 decreased 5% as compared to the same period of fiscal 1993 despite an 11% increase in admissions. The decrease in patient days is due primarily to a 14% decrease in the average length of stay per patient caused primarily by utilization criteria imposed by third party payors regarding inpatient treatment. The Company's decrease in net revenue and net revenue per equivalent patient day is due primarily to a shift in payor mix toward more Medicare, Medicaid and other cost-based business. The Company's revenue generated from outpatient visits continues to increase. For the quarter ended December 31, 1993, gross outpatient revenue increased 33% to $29.1 million from $21.9 million for the first quarter of fiscal 1993. Net outpatient revenue for the same period increased 22% to $16.6 million. Consolidated Operating Expenses - The Company experienced a 5% decrease in operating expenses for the first quarter of fiscal 1994, as compared to the first quarter of fiscal 1993, primarily due to reductions in salaries and benefits and other purchased services. Bad debt expenses for the quarter ended December 31, 1993 decreased 12% from the same period of the previous fiscal year. Bad debt expenses as a percentage of net revenue decreased to 7.7% in the first quarter of fiscal 1994 from 8.1% in the first quarter of fiscal 1993. Stock option expense for the first quarter of fiscal 1994 increased over the same period of the previous year due to additional vesting, the increased market price of the Company's common stock and a one-time charge of $3.9 million related to the exercise of certain options by a former employee and director. During December 1993, the former employee and director exercised approximately 2.2 million options to purchase shares of the Company's common stock and surrendered approximately 570,000 of such optioned shares as consideration for the payment of required withholding taxes. As a result, the Company was required to make withholding tax payments on behalf of the former employee of approximately $14.2 million which was charged against additional paid-in capital. This charge was offset by a tax benefit recorded in additional paid-in capital of approximately $9.4 million related to additional stock option expense deductible for income tax purposes. Liquidity and Sources of Capital During October 1993, the Company made mandatory prepayments of approximately $17.1 million to the Banks which represented 75% of net proceeds from asset sales and estimated excess cash at September 30, 1993. In December 1993, the Company also made mandatory prepayments of approximately $3.3 million to the Banks which represented 75% of net proceeds from asset sales. The Company made a mandatory payment of approximately $3.1 million to the Banks in January 1994 which represented actual excess cash over estimated excess cash at September 30, 1993. Additionally, in January 1994 the Company made a voluntary prepayment to the Banks of $30 million which reduced the amount due on March 31, 1994, to $2.5 million and the amount due on September 30, 1994 to approximately $18.3 million. As of January 31, 1994, the Company had an available commitment of $50 million under the Credit Agreement. During the first quarter of fiscal 1994, the Company incurred approximately $2.7 million in capital expenditures primarily for routine capital replacement. The Company also incurred expenditures of approximately $1.7 million for the acquisition of a business related to the implementation of the Company's new growth and expansion strategy. The capital outlays were financed from cash provided by operations. The Company anticipates that capital expenditures for fiscal 1994 relating to existing hospitals will be approximately $15 million and will be financed from cash provided by operations. The number of days net patient revenue in net patient accounts receivable was 60 days at December 31, 1993 and 61 days at September 30, 1993. FORM 10-Q CHARTER MEDICAL CORPORATION AND SUBSIDIARIES PART II - OTHER INFORMATION Item 6. - Exhibits and Reports on Form 8-K (a) Report on Form 8-K There were no Current Reports on Form 8-K filed by the Registrant with the Securities and Exchange Commission during the quarter ended December 31, 1993. FORM 10-Q CHARTER MEDICAL CORPORATION AND SUBSIDIARIES 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 thereunto duly authorized. CHARTER MEDICAL CORPORATION (Registrant) Date: February 11, 1994 /s/ Lawrence W. Drinkard Lawrence W. Drinkard Executive Vice President - Finance (Chief Financial Officer) Date: February 11, 1994 /s/ John R. Day John R. Day Vice President and Controller (Principal Accounting Officer) -----END PRIVACY-ENHANCED MESSAGE-----