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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): October 23, 1997
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VENCOR, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-10989 61-1055020
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
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 October 23, 1997, Vencor, Inc. (the "Company") announced that its
Board of Directors has approved the repurchase of up to 3,000,000 shares of the
Company's common stock. The authorization includes both open market purchases as
well as private transactions from time to time. 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 October 23, 1997.
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: October 23, 1997 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: W. Earl Reed, III
Executive Vice President and
Chief Financial Officer
(502) 596-7380
VENCOR ANNOUNCES STOCK REPURCHASE PROGRAM
LOUISVILLE, Kentucky (October 23, 1997) - Vencor, Inc. (NYSE: VC) today
announced that its Board of Directors has approved the repurchase of up to
3,000,000 shares of the Company's common stock. The authorization includes both
open market purchases as well as private transactions from time to time. Vencor
currently has approximately 70.0 million shares of common stock outstanding.
W. Bruce Lunsford, Chief Executive Officer, commented, "We believe
that investing in the Company's shares at current prices represents an
attractive use of the Company's funds. Vencor's strong financial position will
allow us to execute this program while maintaining our plans for the continued
development of our integrated healthcare network."
Vencor, a long-term healthcare company with over $3 billion in annual
revenues, owns and operates a national network of hospitals, nursing centers and
contract service providers in 46 states.
