Total Number of Pages: 5
Exhibit Index on Sequential Page No.: 3
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 24, 1995
ORNDA HEALTHCORP
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-11290 75-1776092
(Commission File Number) (IRS Employer Identification No.)
3401 West End Avenue, Nashville, Tennessee 37203
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (615) 383-8599<PAGE>
Item 5. Other Events.
The Registrant hereby incorporates by reference the description of the
matter set forth in its news release dated November 24, 1995 (such news release
being Exhibit 99 attached hereto).
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99 Registrant's news release dated November 24, 1995.
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.
ORNDA HEALTHCORP
(Signature)
Ronald P. Soltman
Senior Vice President
Date: November 27, 1995<PAGE>
EXHIBIT INDEX
Sequential
No. Subject Matter Page No.
99 Registrant's news release dated November 24, 1995 . . . . . . . . . 4<PAGE>
Exhibit 99<PAGE>
FOR IMMEDIATE RELEASE
Contact: Keith B. Pitts
Executive Vice President and Chief Financial Officer
or
Tripp Pilgrim
Director of Investor Relations
OrNda HealthCorp
(615) 383-8599
ORNDA SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
HOUSTON NORTHWEST MEDICAL CENTER
NASHVILLE, Tennessee (November 24, 1995) -- OrNda HealthCorp (Nasdaq NM:
ORND) announced today that it has signed a definitive agreement to acquire the
controlling equity interests in Houston Northwest Medical Center, Inc. (HNMC)
from the hospital's Employee Stock Ownership Plan (ESOP). HNMC's principal
asset is Houston Northwest Medical Center, a 498-bed tertiary care hospital in
Houston, Texas.
OrNda already owns preferred stock and mortgage debt of HNMC valued at
$73.8 million on OrNda's balance sheet as of August 31, 1995. Following the
transaction, HNMC would be a wholly owned subsidiary of OrNda. The total cost
of the proposed transaction will be approximately $154 million, as previously
disclosed. The transaction is subject to approval from the ESOP trustee and the
holders of the HNMC capital stock and other customary conditions.
Charles N. Martin, Jr., Chairman and CEO of OrNda, commented, "We are
very excited about the addition of Houston Northwest Medical Center to OrNda.
Northwest is an outstanding facility and brings to OrNda the dominant provider
in the northwest Houston market."
OrNda HealthCorp, based in Nashville, Tennessee, is the third largest
investor-owned hospital management company in the United States. It is a
leading provider of health care services, delivering a broad range of inpatient
and outpatient health care services principally through the operation of 47
hospitals located in urban and suburban communities in 14 states.
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