PROVINCE HEALTHCARE CO
SC 13G, 1999-02-16
GENERAL MEDICAL & SURGICAL HOSPITALS, NEC
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<PAGE>   1


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                           (Amendment No. __________)*


                          PROVINCE HEALTHCARE COMPANY
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                  743977-10-0
                     --------------------------------------
                                 (CUSIP Number)

         Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

          [ ]     Rule 13d-1(b)

          [ ]     Rule 13d-1(c)

          [X]     Rule 13d-1(d)

         *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

         The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act, but shall be subject to all other provisions of the Act (however, see
the Notes).


<PAGE>   2



- ----------------------------                          --------------------------
CUSIP NO.  743977-10-0                   13G               PAGE 2 OF 7 PAGES
- ----------------------------                          --------------------------


- --------------------------------------------------------------------------------
   1      Names of Reporting Persons
          I.R.S. Identification Nos. of Above Persons (Entities Only)

          Golder, Thoma, Cressey, Rauner Fund IV, L.P.
- --------------------------------------------------------------------------------
   2      Check the Appropriate Box if a Member of a Group
          (See Instructions)

                                                                      (a) [ ]
                                                                      (b) [ ]
- --------------------------------------------------------------------------------
   3      SEC Use Only


- --------------------------------------------------------------------------------
   4      Citizenship or Place of Organization


          Delaware
- --------------------------------------------------------------------------------
                    5     Sole Voting Power


                          None (see item 4)
                 ---------------------------------------------------------------
  Number of         6     Shared Voting Power
   Shares 
 Beneficially
  Owned by                2,901,258 (see item 4)
Each Reporting   ---------------------------------------------------------------
 Person With        7     Sole Dispositive Power    


                          None (see item 4)
                 ---------------------------------------------------------------
                    8     Shared Dispositive Power


                          2,901,258 (see item 4)
- --------------------------------------------------------------------------------
   9      Aggregate Amount Beneficially Owned by Each Reporting Person
  

          2,901,258 (see item 4)
- --------------------------------------------------------------------------------
   10     Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)                                                [ ]


- --------------------------------------------------------------------------------
   11     Percent of Class Represented by Amount in Row (9)


          18.5%
- --------------------------------------------------------------------------------
   12     Type of Reporting Person (See Instructions)

          PN
- --------------------------------------------------------------------------------


<PAGE>   3



- --------------------------                             -------------------------
CUSIP NO.  743977-10-0                 13G                PAGE 3 OF 7 PAGES
- --------------------------                             -------------------------


- --------------------------------------------------------------------------------
  1     Names of Reporting Persons
        I.R.S. Identification Nos. of Above Persons (Entities Only)

        GTCR IV, L.P.
- --------------------------------------------------------------------------------
  2     Check the Appropriate Box if a Member of a Group
           (See Instructions)

                                                                      (a) [ ]
                                                                      (b) [ ]
- --------------------------------------------------------------------------------
  3     SEC Use Only


- --------------------------------------------------------------------------------
  4     Citizenship or Place of Organization


        Delaware

- --------------------------------------------------------------------------------
                   5     Sole Voting Power


                         None (see item 4)
                 ---------------------------------------------------------------
   Number of       6     Shared Voting Power
    Shares 
 Beneficially
  Owned by               2,901,258 (see item 4)
Each Reporting   ---------------------------------------------------------------
  Person With      7     Sole Dispositive Power
    

                         None (see item 4)
                 ---------------------------------------------------------------
                   8     Shared Dispositive Power


                         2,901,258 (see item 4)
- --------------------------------------------------------------------------------
  9     Aggregate Amount Beneficially Owned by Each Reporting Person


        2,901,258 (see item 4)
- --------------------------------------------------------------------------------
  10    Check if the Aggregate Amount in Row (9) Excludes Certain Shares    [ ]
        (See Instructions)


- --------------------------------------------------------------------------------
  11    Percent of Class Represented by Amount in Row (9)


        18.5%
- --------------------------------------------------------------------------------
  12    Type of Reporting Person (See Instructions)


        PN
- --------------------------------------------------------------------------------


<PAGE>   4



- -----------------------------                        ---------------------------
CUSIP NO.   743977-10-0                13G              PAGE 4 OF 7 PAGES
- -----------------------------                        ---------------------------


- --------------------------------------------------------------------------------
  1     Names of Reporting Persons
        I.R.S. Identification Nos. of Above Persons (Entities Only)


        Golder, Thoma, Cressey, Rauner, Inc.
- --------------------------------------------------------------------------------
  2     Check the Appropriate Box if a Member of a Group
        (See Instructions)

                                                                     (a) [ ]
                                                                     (b) [ ]
- --------------------------------------------------------------------------------
  3     SEC Use Only


- --------------------------------------------------------------------------------
  4     Citizenship or Place of Organization


        Delaware
- --------------------------------------------------------------------------------
                   5     Sole Voting Power


                         None (see item 4)
                ----------------------------------------------------------------
   Number of       6     Shared Voting Power
    Shares
 Beneficially
   Owned by              2,901,258 (see item 4)
Each Reporting  ----------------------------------------------------------------
  Person With      7     Sole Dispositive Power
    

                         None (see item 4)
                ----------------------------------------------------------------
                   8     Shared Dispositive Power


                         2,901,258 (see item 4)
- --------------------------------------------------------------------------------
  9     Aggregate Amount Beneficially Owned by Each Reporting Person


        2,901,258 (see item 4)
- --------------------------------------------------------------------------------
  10    Check if the Aggregate Amount in Row (9) Excludes Certain Shares    [ ]
        (See Instructions)


- --------------------------------------------------------------------------------
  11    Percent of Class Represented by Amount in Row (9)


        18.5%
- --------------------------------------------------------------------------------
  12    Type of Reporting Person (See Instructions)

        CO
- --------------------------------------------------------------------------------






<PAGE>   5
ITEM 1(A)      Name of Issuer: Province Healthcare Company

ITEM 1(B)      Address of Issuer's Principal Executive Offices: 105 Westwood
                   Place, Suite 400, Brentwood, TN 37027

ITEM 2(A)      Name of Person Filing: This statement is filed jointly by each
               of the following persons pursuant to Rule 13d-1(k) promulgated
               by the Securities and Exchange Commission (the "SEC") under
               Section 13 of the Securities Exchange Act of 1934, as amended 
               (the "Act"): (i) Golder, Thoma, Cressey, Rauner Fund IV, L.P., 
               a Delaware limited partnership (the "Fund"), by virtue of its 
               direct beneficial ownership of Common Stock, (ii) GTCR IV, L.P., 
               a Delaware limited partnership, by virtue of its being the 
               general partner of the Fund, and (iii) Golder, Thoma, Cressey, 
               Rauner, Inc., a Delaware corporation ("GTCR Inc."), by virtue of 
               its being the general partner of GTCR IV. The Fund, GTCR IV, and
               GTCR Inc. are sometimes referred to herein individually as a
               "Reporting Person" and collectively as the "Reporting Persons."

               Information with respect to each of the Reporting Persons is
               given solely by such Reporting Person, and no Reporting Person
               assumes responsibility for the accuracy or completeness of
               information provided by another Reporting Person. By their
               signature on this statement, each of the Reporting Persons agrees
               that this statement is filed on behalf of such Reporting Person.
               The Reporting Persons may be deemed to constitute a "group" for
               purposes of Section 13(d)(3) of the Act. The Reporting Persons
               expressly disclaim that they have agreed to act as a group other 
               than as described in this statement.

ITEM 2(B)      Address of Principal Business Office or, if None, Residence: 6100
                   Sears Tower, Chicago, Illinois 60606-6402

ITEM 2(C).     Citizenship: The Fund and GTCR IV are limited partnerships
                   organized under the laws of the State of Delaware. GTCR Inc.
                   is a corporation organized under the laws of the State of
                   Delaware.

ITEM 2(D).     Title of Class of Securities: Common Stock

ITEM 2(E).     CUSIP Number: 743977-10-0

ITEM 3.        Not applicable

ITEM 4.        OWNERSHIP.
               (a)   Amount beneficially owned:
               As of December 31, 1998, the Fund was the registered owner of
               2,901,258 shares of the Issuer's Common Stock, or approximately 
               18.5% of the Common Stock outstanding as of December 31, 1998. By
               virtue of the relationship between the Fund and GTCR IV described
               in Item 2(a), GTCR IV may be deemed to possess indirect
               beneficial ownership of and share the power to vote or direct the
               vote of the shares of Common Stock beneficially owned by the
               Fund, and, by virtue of the relationship between the Fund, GTCR
               IV and GTCR Inc. described in Item 2(a), GTCR Inc. may be deemed
               to possess indirect beneficial ownership of and share the power
               to vote or direct the vote of the shares of Common Stock
               beneficially owned by the Fund. GTCR IV and GTCR Inc. disclaim
               beneficial ownership of (and the power to vote or direct the vote
               of) the shares of Common Stock beneficially owned by the Fund.
               The filing of this statement by GTCR IV and GTCR Inc. shall not
               be construed as an admission that either GTCR IV or GTCR Inc. is,
               for the purposes of Section 13(d) or Section 13(g) of the Act,
               the beneficial owner of (or possesses the power to vote or direct
               the vote of) any securities covered by this statement.
               
               (b)  Percent of class:  18.5%

               (c)  Number of shares as to which such person has:
                    (i)    Sole power to vote or to direct the vote - None (see
                           item 4(a))
                    (ii)   Shared power to vote or to direct the vote - 
                           2,901,258 (see item 4(a))
                    (iii)  Sole power to dispose or to direct the disposition of
                           - None (see item 4(a))
                    (iv)   Shared power to dispose or to direct the disposition
                           of - 2,901,258 (see item 4(a))

ITEM 5.        OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

                     Not applicable.

ITEM 6.        OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

                     Not applicable.

ITEM 7.        IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
               ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
               COMPANY.

                     Not applicable.

ITEM 8.        IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                     Not applicable.

ITEM 9.        NOTICE OF DISSOLUTION OF GROUP.

                     Not applicable.

ITEM 10.       CERTIFICATIONS.

                     Not applicable.
<PAGE>   6
                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Date: February 16, 1999

                                 GOLDER, THOMA, CRESSEY, RAUNER FUND IV, L.P.

                                 By:  GTCR IV, L.P., its general partner

                                 By:  Golder, Thoma, Cressey, Rauner, Inc., its
                                      general partner

                                 By:  /s/ Bruce V. Rauner
                                     -------------------------------------------
                                 Name:  Bruce V. Rauner
                                 Title:       Principal

                                 GTCR IV, L.P.

                                 By:  Golder, Thoma, Cressey, Rauner, Inc., its
                                      general partner

                                 By:  /s/ Bruce V. Rauner
                                     -------------------------------------------
                                 Name:  Bruce V. Rauner
                                 Title:       Principal

                                 GOLDER, THOMA, CRESSEY, RAUNER, INC.

                                 By:  /s/ Bruce V. Rauner
                                     -------------------------------------------
                                 Name:  Bruce V. Rauner
                                 Title:       Principal

EXHIBIT

7.1   Agreement of Joint Filing, dated February 16, 1999, among Golder, Thoma, 
Cressey, Rauner Fund IV, L.P., GTCR IV, L.P., and Golder, Thoma, Cressey, 
Rauner, Inc.



                                  EXHIBIT 7.1

                           AGREEMENT OF JOINT FILING

Golder, Thoma, Cressey, Rauner Fund IV, L.P., GTCR IV, L.P., and Golder, Thoma, 
Cressey, Rauner, Inc. hereby agree that the Statement on Schedule 13G to which 
this agreement is attached as an exhibit, as well as all future amendments to 
such Statement, shall be filed jointly on behalf of each of them. This 
agreement is intended to satisfy the requirements of Rule 13d-1(k)(1)(iii) 
under the Securities and Exchange Act of 1934, as amended.

Dated: February 16, 1999


GOLDER, THOMA, CRESSEY, RAUNER FUND IV, L.P.

By:  GTCR IV, L.P., its general partner

By:  Golder, Thoma, Cressey, Rauner, Inc., its
     general partner

By:        /s/ Bruce V. Rauner
     ------------------------------------
Name:          Bruce V. Rauner
Title:         Principal


GTCR IV, L.P.

By:  Golder, Thoma, Cressey, Rauner, Inc., its
     general partner

By:        /s/ Bruce V. Rauner
     ------------------------------------
Name:          Bruce V. Rauner
Title:         Principal


GOLDER, THOMA, CRESSEY, RAUNER, INC.

By:        /s/ Bruce V. Rauner
     ------------------------------------
Name:          Bruce V. Rauner
Title:         Principal


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