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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 September 12, 1996
(Date of Earliest Event Reported)
COLUMBIA/HCA HEALTHCARE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State of Incorporation)
001-11239 75-2497104
(Commission (I.R.S. Employer
File Number) Identification No.)
One Park Plaza, Nashville, Tennessee 37203
(Address of principal executive offices) (Zip Code)
(615) 327-9551
(Registrant's telephone number, including area code)
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ITEM 5. Other Events
Columbia/HCA Healthcare Corporation (the "Company") has declared a 3-for-2
stock split in the form of a stock dividend on the Company's $.01 par value
common stock (the "Common Stock"). Shareholders of record at the close of
business on October 1, 1996 will be issued one additional share of the Company's
Common Stock for each two shares owned as of that date. A cash payment will be
made in lieu of a fractional share based upon the closing price of the Common
Stock on October 1, 1996. The payment (mailing) date for the stock distribution
is October 15, 1996.
ITEM 7. Exhibit
Exhibit 99. Copy of the press release dated September 12, 1996.
SIGNATURE
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.
COLUMBIA/HCA HEALTHCARE CORPORATION
/s/ STEPHEN T. BRAUN
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Stephen T. Braun
Senior Vice President
and General Counsel
DATED: September 25, 1996
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EXHIBIT 99
[Columbia/HCA Healthcare Corporation Logo appears here]
NEWS
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FOR IMMEDIATE RELEASE
INVESTOR CONTACT: MEDIA CONTACT:
Victor L. Campbell Lindy B. Richardson
615-320-2053 615-320-2166
COLUMBIA ANNOUNCES 3-FOR-2 STOCK SPLIT
NASHVILLE, Tenn., Sept. 12, 1996- Columbia/HCA Healthcare Corporation
(NYSE: COL) today announced declaration of a 3-for-2 stock split in the form of
a stock dividend. The Company's cash dividend rate will be adjusted to reflect
the stock split.
Stockholders of record at the close of business on October 1, 1996, will
be issued one additional share of common stock for each two shares owned as of
that date. A cash payment will be made in lieu of a fractional share based upon
the closing price of the common stock on October 1, 1996. New shares will be
mailed on October 15, 1996. The Company currently has approximately 447,000,000
shares of common stock outstanding.
Richard L. Scott, Columbia's Chairman, President and CEO, said, "The
split will adjust the price per share of Columbia stock to a level that may be
more appealing to certain individual investors."
Columbia's next quarterly dividend, which is payable December 1, 1996,
to record holders as of November 1, 1996, will be adjusted to $.02 per share
(from $.03 per share) on the increased number of shares resulting from the stock
split.
Approximately 16% of the Company's common stock (including stock
options) is owned by employees. Last year, 40,000 employees invested over $45
million in Columbia's common stock through the Company's employee stock purchase
plan. Over 14,000 employees currently hold options to purchase shares of the
common stock.
Columbia is the largest provider of healthcare services in the nation
with 345 hospitals, 135 outpatient surgery centers, 500 home health locations
and extensive outpatient and ancillary services in 37 states, the United Kingdom
and Switzerland. By building comprehensive networks of healthcare services in
local markets, Columbia integrates various services and delivers patient care
with maximum efficiency. Columbia ranked 14th in the Fortune Magazine 1995 list
of fastest growing companies.
For more information on Columbia locations visit the Columbia home page
at http://www.columbia.net, or call 1-800-COLUMBIA.
