SIERRA HEALTH SERVICES INC
8-K, 1995-12-21
HOSPITAL & MEDICAL SERVICE PLANS
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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



                               November 30, 1995
                Date of Report (Date of earliest event reported)


                          SIERRA HEALTH SERVICES, INC.
             (Exact Name of Registrant as Specified in Its Charter)


                                     Nevada
                 (State or Other Jurisdiction of Incorporation)


         1-8865                                             88-0200415
(Commission File Number)                      (IRS Employer Identification No.)

  2724 North Tenaya Way                                        89128
  Las Vegas, Nevada                                          (Zip Code)
(Address of principal executive offices)


                                 (702) 242-7000
               Registrant's Telephone Number, Including Area Code

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<PAGE>
Item 5.  Other Events


     For the month ended November 30, 1995,  Sierra Health  Services,  Inc., the
Registrant,  had revenue of  $41,421,000,  and net income of  $3,312,000.  These
amounts include the results of the operations of CII Financial,  Inc., which the
Registrant  acquired  by  merger  on  October  31,  1995,  and are  provided  in
compliance  with  the  requirements  of  the  pooling-of-  interests  accounting
treatment given the merger.

<PAGE>
                                                    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.


                                           SIERRA HEALTH SERVICES, INC.
                                                   (Registrant)


Date:  December 21, 1995                                 James L. Starr
                                                 James L. Starr
                                                 Vice President
                                                 Chief Financial Officer
                                                 (Chief Accounting Officer)
                                                  and Treasurer


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