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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) NOVEMBER 14, 1994
PROTECTIVE LIFE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-9924 95-2492236
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2801 HIGHWAY 280 SOUTH, BIRMINGHAM, ALABAMA 35223
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 879-9230
N/A
(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS.
On November 14, 1994, Registrant issued a press release with respect to its
announcement that it has entered into an agreement to acquire National Health
Care Systems of Florida, Inc. A copy of the press release is attached hereto as
Exhibit A.
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.
PROTECTIVE LIFE CORPORATION
BY /s/ Jerry W. DeFoor
--------------------------------
Jerry W. DeFoor
Vice President and Controller
Dated: November 15, 1994
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Exhibit A
November 14, 1994
FOR IMMEDIATE RELEASE
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PROTECTIVE LIFE ANNOUNCES ACQUISITION OF
NATIONAL HEALTH CARE SYSTEMS
Protective Life Corporation (NYSE:PL) announced today that it has entered
into an agreement to acquire National Health Care Systems of Florida, Inc., a
dental health maintenance organization based in Jacksonville, Florida that
transacts business in the southeastern United States under the trade name
"DentiCare". The purchase price, which is to be paid in a combination of cash
and Protective Life Corporation common stock, will be determined at closing and
is estimated to be approximately $38 million. The transaction is subject to
approval by regulators and certain other conditions.
In announcing the proposed acquisition, Drayton Nabers, Jr., Chief
Executive Officer, stated: "We are excited about acquiring DentiCare. It is one
of the premiere franchises in the dental HMO business. This acquisition is a
major step toward our strategic goal of increasing our presence in this growing
segment of the supplemental health insurance business. We believe the
combination of Protective's traditional indemnity business with DentiCare's
dental HMO capability will position us to become a major force in the dental
health care market."
Protective Life Corporation provides financial services through the
production, distribution and administration of insurance and investment products
throughout the United States. It currently has annual revenues of approximately
$800 million and assets of $5.8 billion.
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