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Pricing Supplement dated January 12, 1995 Rule 424(b)(2)
(To Prospectus dated May 13, 1994 and File No. 33-53409
Prospectus Supplement dated July 11, 1994)
COLUMBIA/HCA HEALTHCARE CORPORATION
Medium-Term Notes -- Fixed Rate
================================================================================
Principal Amount: $150,000,000 Interest Rate: 9.000%
Issue Price: 99.125% Stated Maturity Date: December 15, 2014
Agent's Discount or Commission: .875% Original Issue Date: January 20, 1995
of principal amount
Net Proceeds to Issuer: $148,687,500
================================================================================
Interest Payment Dates: June 15 and December 15
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: _____%
Annual Redemption Percentage Reduction:_____% until Redemption Percentage
is 100% of the Principal Amount.
Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes may be repaid prior to the Stated Maturity Date at the option
of the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: _____%
Currency:
Specified Currency: U.S. Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period
Form: [X] Book-Entry [ ] Certificated
Agents: [X] Lehman Brothers Inc., Goldman, Sachs & Co., Morgan Stanley & Co.
Incorporporated, Salomon Brothers Inc
[X] Other
Agent acting in the capacity as indicated below:
[ ] Agent [X] Principal
If as principal:
[X] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
If as Agent:
Other Provisions:
See attached.
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UNDERWRITING
Subject to the terms and conditions set forth in the Distribution
Agreement, the Company has agreed to sell to the Underwriters named below (the
"Underwriters"), and each of the Underwriters has severally agreed to purchase
from the Company, the respective principal amounts of the Notes set forth below.
<TABLE>
<CAPTION>
Underwriter Principal Amount
----------- ----------------
<S> <C>
Lehman Brothers Inc. .................................... $ 32,500,000
Goldman, Sachs & Co. .................................... 32,500,000
Morgan Stanley & Co. Incorporated ....................... 32,500,000
Salomon Brothers Inc .................................... 32,500,000
C.J. Lawrence/Deutsche Bank Securities Corporation....... 10,000,000
J.P. Morgan Securities Inc. ............................. 10,000,000
------------
$ 150,000,000
============
</TABLE>
In the Distribution Agreement, the Underwriters have agreed, subject to the
terms and conditions set forth therein, to purchase all the Notes offered hereby
if any of the Notes are purchased. The Company has been advised by the
Underwriters that they propose initially to offer the Notes to the public at the
public offering price set forth on the cover page of this Pricing Supplement and
to certain dealers at such public offering price less a concession not in excess
of .50% of the principal amount of the Notes. The Underwriters may allow, and
such dealers may reallow, a discount not in excess of .30% of the principal
amount of the Notes to certain other dealers. After the initial public offering
of the Notes, the public offering price and concession and discount to dealers
may be changed by the Underwriters.
The Notes are a new issue of securities with no established trading market.
The Company currently has no intention to list the Notes on any securities
exchange. The Company has been advised by the Underwriters that they intend to
make a market in the Notes, but are not obligated to do so and may discontinue
any market making at any time without notice. No assurance can be given as to
the liquidity of the trading market for the Notes.
The Company has agreed to indemnify the Underwriters against certain
liabilities, including liabilities under the Securities Act of 1933, as amended.
From time to time the Underwriters have provided, and continue to provide,
investment banking services to the Company.
