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EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
CONTACT: MERILYN H. HERBERT
VICE PRESIDENT, INVESTOR
RELATIONS
(615) 370-1377
PROVINCE HEALTHCARE ANNOUNCES 3-FOR-2 STOCK SPLIT
BRENTWOOD, Tenn., Sept. 5 /PRNewswire/ -- Martin S. Rash, Chairman, President
and Chief Executive Officer of Province Healthcare Company, (Nasdaq: PRHC) today
announced that the Company's Board of Directors has approved a 3-for-2 stock
split, which will be effected in the form of a 50% stock dividend.
The new shares and payment for fractional shares will be distributed on
September 28, 2000, to shareholders of record at the close of business on
September 15, 2000. Each shareholder of record will receive one additional share
of common stock for each two shares of common stock owned as of the record date.
As of August 31, 2000, Province had 20,449,393 shares of common stock
outstanding. Province's common stock is traded on the Nasdaq National Market.
Province Healthcare is a provider of health care services in attractive
non-urban markets in the United States. The Company owns or leases 16 general
acute care hospitals in nine states with a total of 1,511 licensed beds. The
Company also provides management services to 44 primarily non-urban hospitals in
17 states with a total of 3,454 licensed beds.
Contact: Merilyn H. Herbert, Province Healthcare Company (PRHC) at 615-370-1377.
