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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 July 25, 1997
(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
On July 25, 1997, Columbia/HCA Healthcare Corporation announced the
resignations of Richard L. Scott, Chairman, Chief Executive Officer and a
Director; and David T. Vandewater, President and Chief Operating Officer,
effective immediately. Thomas F. Frist, Jr., M.D., Vice Chairman of the
Company's board, has been named Chairman and Chief Executive Officer.
ITEM 7. EXHIBIT
Exhibit 20. Copy of the press release dated July 25, 1997
SIGNATURE
Pursuant to the requirements of the Securities and 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: July 25, 1997
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EXHIBIT 20
[COLUMBIA/HCA HEALTHCARE CORPORATION NEWS RELEASE LETTERHEAD APPEARS HERE]
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FOR IMMEDIATE RELEASE
INVESTOR CONTACT: MEDIA CONTACTS:
Victor L. Campbell Eve Hutcherson Sue Atkinson
Columbia Columbia Atkinson Public Relations
615/344-2053 615/344-2737 615/320-7532
CONTACTS FOR SCOTT & VANDEWATER:
Edward Nebb/Eric Starkman
Morgan-Walke Associates
212/850-5600
SCOTT, VANDEWATER RESIGN AT COLUMBIA;
FRIST NAMED CHAIRMAN AND CEO
NASHVILLE, TENN - JULY 25, 1997 -- Columbia/HCA Healthcare Corporation (NYSE:
COL) today announced the resignations of Richard L. Scott, chairman, chief
executive officer, and a director; and David T. Vandewater, president and chief
operating officer, effective immediately.
Thomas F. Frist, Jr., M.D., vice chairman of the company's board, has been
named chairman and chief executive officer. Frist has been a leader in the
healthcare industry for 30 years.
The resignations were offered by the two executives, and accepted by the
board. Both executives emphasized that throughout their tenure they have acted
honorably and in the best interests of the company.
Scott said, "Since founding Columbia, we have been dedicated to improving
healthcare through a focus on quality care. At the same time, we have had a
strong emphasis on creating value for shareholders. Though the decision to
resign was an extremely difficult one, we consider it to be the ultimate
demonstration of our commitment to Columbia's mission."
"Rick and David have been catalysts in addressing the growing healthcare
challenges in this country. We are grateful for their tireless efforts and
contributions to improving the quality of healthcare in this country," Frist
said.
"Our board and management will be focusing on providing full cooperation
with all governmental agencies. We will also ensure that all Columbia
facilities and employees are in full compliance with the law," Frist said.
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