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UNITED STATES
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):
January 28, 2000
NEW AMERICAN HEALTHCARE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 001-14397 62-1750169
(State or other jurisdiction of (Commission File No.) (I.R.S. Employer
incorporation) Identification No.)
109 WESTPARK DRIVE, SUITE 440 37027
BRENTWOOD, TENNESSEE (Zip code)
(615) 221-5070
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS.
For the purpose of informing the market, New American Healthcare
Corporation (the "Registrant") hereby files the press releases issued on January
28, 2000 which are attached hereto.
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.
NEW AMERICAN HEALTHCARE CORPORATION
By: /s/ Timothy S. Hill
------------------------------------
Senior Vice President
Chief Financial Officer
Date: January 31, 2000
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EXHIBIT INDEX
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Exhibit No.
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99.1 Press Release of the Registrant issued January 28, 2000.
99.2 Press Release of the Registrant issued January 28, 2000.
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Exhibit 99.1
NEWS RELEASE
Contact: Dana C. McLendon, Jr.
Senior Vice President - Chief Administration Officer
(615) 309-2008
NEW AMERICAN HEALTHCARE CORPORATION REPORTS
LISTING STATUS ON THE NEW YORK STOCK EXCHANGE
NASHVILLE, Tenn. (January 28, 2000) -- As previously announced, New American
Healthcare Corporation (NYSE:NAH) has fallen below the continued listing
standards of the New York Stock Exchange ("NYSE") relating to total market
capitalization and shareholders' equity of $50 million, and remains below such
standards. As a result of this non-compliance, New American Healthcare
Corporation expects that its common stock will be delisted and cease trading on
the NYSE. The NYSE has informed the Company that it will suspend the trading of
New American's stock before the market opens on Thursday February 3, 2000.
New American Healthcare Corporation was formed to capitalize on opportunities to
be the principal provider of quality, cost-effective healthcare services in the
non-urban communities which it targets. New American Healthcare owns nine acute
care hospitals located in seven states with 955 licensed beds. For additional
information about the Company, visit New American Healthcare's web site:
http://www.nahc.net.
Forward-looking statements made in this release involve a number of risks and
uncertainties, including but not limited to, exchange listing, liquidity and
trading in the Company's common stock and other risk factors detailed in the
Company's Securities and Exchange Commission filings.
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Exhibit 99.2
NEWS RELEASE
Contact: Dana C. McLendon, Jr.
Senior Vice President - Chief Administration Officer
(615) 309-2008
NEW AMERICAN HEALTHCARE CORPORATION REPORTS
A LETTER OF INTENT ON CROSBY MEMORIAL HOSPITAL
NASHVILLE, Tenn. (January 28, 2000) -- New American Healthcare Corporation
(NYSE:NAH) has announced the execution of a letter of intent with respect to the
sale of Lucius O. Crosby Memorial Hospital in Picayune, Mississippi to the
Picayune Clinic, L.L.C., a Mississippi limited liability company. Pursuant to
the letter of intent, Picayune Clinic would assume New American's obligations
under a Lease Agreement dated October 29, 1998. The transaction is subject to
the approval of Southern Regional Corporation, the successor to the former owner
of the hospital. A definitive agreement is expected to be reached in the next
thirty days.
Picayune Clinic, L.L.C. is comprised of physicians whose practice is centered in
Picayune, Mississippi, and Slidell, Louisiana.
New American Healthcare Corporation was formed to capitalize on opportunities to
be the principal provider of quality, cost-effective healthcare services in the
non-urban communities which it targets. New American Healthcare owns nine acute
care hospitals located in seven states with 955 licensed beds. For additional
information about the Company, visit New American Healthcare's web site:
http://www.nahc.net.
Forward-looking statements made in this release involve a number of risks and
uncertainties, including but not limited to, exchange listing, liquidity and
trading in the Company's common stock and other risk factors detailed in the
Company's Securities and Exchange Commission filings.
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