-----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, LwKNoidXWL3HxsbMJFKnGEkXNZ5b1gyfBUIqnIRZuTYfCciPR3Zv921ZagCWUpWW ql1RIrEyzyaFCyA7nuQYTg== 0001104659-05-010651.txt : 20050311 0001104659-05-010651.hdr.sgml : 20050311 20050311170246 ACCESSION NUMBER: 0001104659-05-010651 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050310 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050311 DATE AS OF CHANGE: 20050311 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TENET HEALTHCARE CORP CENTRAL INDEX KEY: 0000070318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 952557091 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07293 FILM NUMBER: 05676164 BUSINESS ADDRESS: STREET 1: 13737 NOEL ROAD CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 469-893-2200 MAIL ADDRESS: STREET 1: 13737 NOEL ROAD CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL MEDICAL ENTERPRISES INC /NV/ DATE OF NAME CHANGE: 19920703 8-K 1 a05-4982_18k.htm 8-K

 

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:  March 10, 2005

(Date of earliest event reported)

 


 

TENET HEALTHCARE CORPORATION

(Exact name of Registrant as specified in its charter)

 

Nevada

 

1-7293

 

95-2557091

(State of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

13737 Noel Road
Dallas, Texas  75240

 (Address of principal executive offices, including zip code)

 

(469) 893-2200

 (Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

ITEM 8.01                      Other Events.

 

On March 10, 2005, Tenet Healthcare Corporation issued a press release announcing that it has reached an agreement providing for a nationwide settlement of certain class action lawsuits  regarding prices that uninsured and some under-insured patients were charged for prescription drugs and other medical products and services at hospitals owned and operated by Tenet subsidiaries.  The press release is attached as Exhibit 99.1.

 

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SIGNATURE

 

 

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

 

 

TENET HEALTHCARE CORPORATION

 

 

 

 

 

By:

/s/ Trevor Fetter

 

 

 

Trevor Fetter

 

 

President and Chief Executive Officer

 

 

Date: March 11, 2005

 

 

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EXHIBIT INDEX

 

99.1                           Press Release issued on March 10, 2005

 

4


EX-99.1 2 a05-4982_1ex99d1.htm EX-99.1

Exhibit 99.1

 

newsrelease

 

 

 

Headquarters Office

 

13737 Noel Road, Ste. 100

 

Dallas, TX 75240

 

tel: 469.893.2000

 

fax: 469.893.8600

 

www.tenethealth.com

 

 

Contacts:

 

 

Media:

Steven Campanini (469) 893-6321

 

Investors:

Thomas Rice (805) 563-7188

 

Tenet Agrees to Settle Pricing Class Action Lawsuits

 

DALLAS – March 10, 2005 – Tenet Healthcare Corporation (NYSE: THC) announced today that it has reached an agreement providing for a nationwide settlement of certain class action lawsuits  regarding prices that uninsured and some under-insured patients were charged for prescription drugs and other medical products and services at hospitals owned and operated by Tenet subsidiaries.

 

The settlement is subject to certain conditions, including court approval.  Tenet has established a reserve that it believes will be sufficient to cover the claims and expenses associated with the settlement.

 

“The settlement reflects Tenet’s ongoing commitment to provide fair treatment to patients without health insurance,” said E. Peter Urbanowicz, Tenet’s general counsel. “This settlement also is another important step in resolving the legacy legal issues facing our company.  We have said that where reasonable resolutions of legal issues can be reached, we will work hard to make those resolutions happen.”

 

The settlement is consistent with Tenet’s innovative Compact With Uninsured Patients, which it announced in January 2003.  Tenet’s Compact, which includes offering discounted pricing to the

 



 

uninsured, was the first effort by a major hospital company to provide solutions to the challenges faced by patients without insurance.

 

Under the proposed settlement, for a period of four years Tenet has agreed to:

 

1.               Provide financial counseling to all uninsured patients, including help in understanding and applying for governmental financial assistance and charity care programs.  Subject to applicable legal requirements, Tenet will also post information on the availability of such financial assistance on hospital websites and at certain locations in its hospitals.

 

2.               Treat uninsured patients fairly and with respect during and after treatment, and regardless of their ability to pay for the treatment they receive.

 

3.               Offer uninsured patients reasonable payments and payment schedules.  If a patient has applied for financial assistance, Tenet will not attempt to collect fees from the patient while an eligibility determination on the patient’s completed application is pending.

 

4.               Follow a uniform credit and collection policy, including, among other things, a commitment not to pursue legal action for nonpayment of bills against any patient who is unemployed or without other significant assets or to place a lien on a patient’s home.

 

5.               Disclose to uninsured patients the estimated charges for anticipated treatment, subject to applicable legal requirements.

 

6.               Offer uninsured patients discounted pricing at rates comparable to the hospital’s current managed care rates.

 

In addition, Tenet has agreed to provide a reimbursement mechanism for uninsured patients who received medically necessary services at any of its hospitals between June 15, 1999 and Dec. 31, 2004 – the period covered by the lawsuits – and who paid more than a certain percentage of the hospital’s gross charges.  The specific percentage varies depending on the year the patient was treated.  Tenet also has agreed to offer to discount outstanding unpaid bills for uninsured patients who were treated at its hospitals during the settlement class period, and to make a $4 million charitable contribution to a health care-related charity specified by the plaintiffs’ counsel. As part of the settlement agreement, Tenet and its subsidiaries made no admission of liability and continue to dispute the allegations made in the lawsuits.

 

Class action lawsuits are currently pending against the company and certain of its hospitals in Alabama, California, Florida, Louisiana, Missouri, Pennsylvania, South Carolina, Tennessee and Texas.  If a

 

2



 

nationwide settlement is approved by the California court, those class action lawsuits will be subject to dismissal.  Tenet expects the approval process to take several months.  Under the settlement, detailed notices describing the steps to be taken by eligible patients who wish to request a refund or a revised bill will be mailed to class members and published in various periodicals.

 

Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related health care services.  Tenet’s hospitals aim to provide the best possible care to every patient who comes through their doors, with a clear focus on quality and service.  Tenet can be found on the World Wide Web at www.tenethealth.com.

 

# # #

 

Some of the statements in this release may constitute forward-looking statements.  Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended Dec. 31, 2004, our quarterly reports on Form 10-Q and periodic reports on Form 8-K.  Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated.  We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.

 

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