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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): October 16, 2000
(October 1, 2000)
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PROVINCE HEALTHCARE COMPANY
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 0-23639 62-1710772
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
105 WESTWOOD PLACE
SUITE 400
BRENTWOOD, TENNESSEE 37027
(Address of Principal Executive Offices) (Zip Code)
(615) 370-1377
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
Effective October 1, 2000, Province Healthcare Company (the "Company"),
through a wholly-owned subsidiary of the Company, sold substantially all of the
assets of Ojai Valley Community Hospital, located in Ojai, California, to Ojai
Valley Hospital Foundation. The sale price for the hospital was approximately
$2.0 million, including working capital.
With the disposition of the hospital, the Company now owns or leases 15
general acute care hospitals in nine states with a total of 1,323 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.
In addition, on September 29, 2000, the Company, through a wholly-owned
subsidiary of the Company, entered into a definitive agreement to sell General
Hospital located in Eureka, California to St. Joseph Health System. The sale of
General Hospital is subject to regulatory approvals and customary closing
conditions.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Exhibits
99.1 Copy of the press release, dated October 3, 2000, relating to
the closing of the transaction in which the Company entered into an
agreement to sell Ojai Valley Community Hospital to Ojai Valley
Community Hospital Foundation and announcing the execution of a
definitive agreement to sell General Hospital to St. Joseph Health
System.
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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 hereunto duly authorized.
PROVINCE HEALTHCARE COMPANY
By: /s/ Brenda B. Rector
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Brenda B. Rector
Vice President and Controller
Date: October 16, 2000
