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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)
AUGUST 26, 1998
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QUORUM HEALTH GROUP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State of Incorporation)
33-31717-A 62-1406040
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(Commission File Number) (IRS Employer Identification No.)
103 CONTINENTAL PLACE, BRENTWOOD, TENNESSEE 37027
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(Address of principal executive offices) (Zip Code)
(615) 371-7979
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS.
On August 26, 1998, Quorum Health Group, Inc. (the "Company") announced
that it has been authorized by its Board of Directors to repurchase up to 3
million shares of its common stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following exhibit is filed as a part of this report:
Exhibit 99 Copy of press release dated August 26, 1998 relating to
3 million share common stock repurchase.
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.
QUORUM HEALTH GROUP, INC.
Date: August 26, 1998 By: \s\ Ashby Q. Burks
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Ashby Q. Burks, Vice President/
General Counsel & Secretary
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EXHIBIT 99
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION, CONTACT:
Michael Wiley (615) 371-4735
Shea Davis (615) 371-4737
QUORUM HEALTH GROUP, INC., BOARD APPROVES REPURCHASE PROGRAM
BRENTWOOD, Tenn. (Aug. 26, 1998) -- Quorum Health Group, Inc., (Nasdaq: QHGI)
announced today that its Board of Directors has authorized the Company to
repurchase from time to time up to three million shares of its outstanding
common stock. The Company has 75.5 million shares of common stock issued and
outstanding. The Company may effect the purchases in open market or privately
negotiated transactions or by using forward purchase contracts from time to time
depending upon market price and other factors. Stock repurchased under the
program may be used, among other purposes, to offset the effects of the
Company's stock option and employee stock purchase plans.
Quorum Health Group, Inc., owns and operates acute care hospitals and
local and regional healthcare systems nationwide through its affiliates. Quorum
Health Resources, LLC, a subsidiary, is the nation's largest manager of
not-for-profit hospitals and also provides consulting services to hospitals.
