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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 25, 1998
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VENCOR, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-14057 61-1323993
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
3300 Aegon Center
400 West Market Street
Louisville, Kentucky
(Address of principal executive offices)
40202
(Zip Code)
Registrant's telephone number, including area code: (502) 596-7300
Not Applicable
(Former name or former address, if changed since last report.)
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ITEMS 1-4. NOT APPLICABLE.
ITEM 5. OTHER INFORMATION.
On September 25, 1998, Vencor, Inc. (the "Company") announced the
appointment of Edward L. Kuntz as President and Chief Operating Officer. Mr.
Kuntz also will become a member of the Company's Board of Directors. The
Company also announced the resignation of Michael R. Barr as Chief Operating
Officer. Mr. Barr will continue to work with the Company as a consultant on
hospital operations. A copy of the press release is included as an exhibit to
this filing and is incorporated herein by reference.
ITEM 6. NOT APPLICABLE.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
Exhibit 99.1 Press Release dated September 25, 1998.
ITEMS 8-9. NOT APPLICABLE.
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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.
VENCOR, INC.
Dated: September 25, 1998 By: /s/ W. Bruce Lunsford
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W. Bruce Lunsford
Chairman of the Board,
President and Chief
Executive Officer
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Exhibit 99.1
[Logo of Vencor, Inc. appears here]
CONTACT: Richard A. Lechleiter
Vice President of Finance, Corporate
Controller and Treasurer
(502) 596-7734
MEDIA INQUIRIES
Susan E. Moss
Vice President of Corporate Communications
(502) 596-7296
FOR IMMEDIATE RELEASE
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VENCOR ANNOUNCES APPOINTMENT OF PRESIDENT
AND CHIEF OPERATING OFFICER;
CHIEF OPERATING OFFICER MICHAEL BARR RESIGNS
Louisville, Ky. (Sept. 25, 1998) - Vencor, Inc. (NYSE: VC) today announced
the appointment of Edward L. Kuntz as President and Chief Operating Officer of
Vencor and the simultaneous resignation of Chief Operating Officer and
co-founder Michael Barr. Kuntz also will become a member of the board of
directors. Barr will continue to work with Vencor as a consultant on hospital
operations reporting directly to Chairman and Chief Executive Officer W. Bruce
Lunsford.
Kuntz has 20 years of experience in the field of long-term healthcare and
most recently served as a consultant to various healthcare service companies.
From 1992-1997, Kuntz served as Chairman and Chief Executive Officer of Living
Centers of America, a long-term healthcare company. During his five years as
CEO at Living Centers of America, Kuntz increased revenues from $350 million to
$1.2 billion.
Kuntz also served as Executive Vice President at ARA Living Centers, the
predecessor to Living Centers of America, from 1985 until 1991. An attorney by
training, Kuntz began his career in private practice in 1970 and joined ARA as
Associate General Counsel in 1978.
Barr was responsible for the original concept behind Vencor's long-term
acute care hospitals and has been with the Company since it was founded 14 years
ago. His belief that ventilator-dependent patients could receive better
treatment in a specialized hospital environment revolutionized the industry.
Today, Vencor is a leader in pulmonary and respiratory care in the United States
and operates 61 long-term acute care hospitals.
Barr made the decision to resign several months ago but waited until a
successor could be identified. Lunsford states, "Mike has helped build Vencor
from its infancy. He has been the clinical backbone of our hospital operations
and we will miss him."
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Lunsford continues, "We are excited that Eddie is joining our team. He is
the right choice as President and COO and is uniquely qualified to step right
into the role. Eddie's proven expertise and lengthy experience as a leader in
long-term healthcare will serve to strengthen Vencor's leadership position in
the long-term healthcare industry."
Vencor is a long-term healthcare provider operating hospitals, nursing
centers and contract ancillary services in 46 states.
