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
Date of report (Date of earliest event reported):
May 2, 2002 (May 1, 2002)
LIFEPOINT HOSPITALS, INC.
| Delaware | 0-29818 | 52-2165845 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
103 Powell Court, Suite 200
Brentwood, Tennessee 37027
615-372-8500
Not applicable
| Item 7. Financial Statements and Exhibits. | ||||||||
| Item 9. Regulation FD Disclosure. | ||||||||
| SIGNATURES | ||||||||
| PRESS RELEASE | ||||||||
Item 7. Financial Statements and Exhibits.
(a) |
Financial statements of businesses acquired. | ||||
| None required | |||||
(b) |
Pro forma financial information. | ||||
| None required | |||||
(c) |
Exhibits. | ||||
| 99 | Copy of press release regarding the Company’s participation in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002. | ||||
Item 9. Regulation FD Disclosure.
LifePoint Hospitals, Inc. (the “Company”) issued a press release on May 1, 2002. The press release announced that the Company will participate in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002.
The Company is also furnishing the information below in this Current Report on Form 8-K pursuant to Regulation FD. The table below contains detailed historical financial operational data for each of the quarters for the fiscal years ended December 31, 2000 and December 31, 2001. You should read this table in conjunction with the consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Company’s Form 10-K filed with the Securities and Exchange Commission for the period ended December 31, 2001.
LifePoint Hospitals, Inc.
Statistics by Quarter
Dollars in millions except for revenue per equivalent admission
| Three Months Ended | ||||||||||||||||||||||||||||||||
| March 31, | June 30, | September 30, | December 31, | March 31, | June 30, | September 30, | December 31, | |||||||||||||||||||||||||
| 2000 | 2000 | 2000 | 2000 | 2001 | 2001 | 2001 | 2001 | |||||||||||||||||||||||||
Revenues |
$ | 136.0 | $ | 133.3 | $ | 145.3 | $ | 142.5 | $ | 154.3 | $ | 151.6 | $ | 149.2 | $ | 164.3 | ||||||||||||||||
Revenues for divestitures |
(14.6 | ) | (11.8 | ) | (7.7 | ) | (1.5 | ) | (0.2 | ) | — | — | — | |||||||||||||||||||
Revenues (exclusive of
divestitures) |
121.4 | 121.5 | 137.6 | 141.0 | 154.1 | 151.6 | 149.2 | 164.3 | ||||||||||||||||||||||||
Revenues for acquisitions |
— | (2.2 | ) | (17.8 | ) | (18.1 | ) | (19.4 | ) | (20.4 | ) | (19.3 | ) | (30.6 | ) | |||||||||||||||||
Same hospital (a) |
$ | 121.4 | $ | 119.3 | $ | 119.8 | $ | 122.9 | $ | 134.7 | $ | 131.2 | $ | 129.9 | $ | 133.7 | ||||||||||||||||
Equivalent admissions |
30,521 | 28,780 | 30,779 | 29,732 | 33,075 | 31,379 | 31,248 | 33,461 | ||||||||||||||||||||||||
Same hospital (a) |
27,289 | 26,123 | 26,229 | 26,441 | 29,736 | 27,887 | 27,761 | 27,670 | ||||||||||||||||||||||||
Revenues per equivalent
admission |
$ | 4,456 | $ | 4,632 | $ | 4,719 | $ | 4,793 | $ | 4,664 | $ | 4,833 | $ | 4,774 | $ | 4,911 | ||||||||||||||||
Same hospital (a) |
$ | 4,449 | $ | 4,566 | $ | 4,574 | $ | 4,650 | $ | 4,530 | $ | 4,703 | $ | 4,680 | $ | 4,830 | ||||||||||||||||
Accounts receivable, net |
$ | 56.4 | $ | 57.8 | $ | 53.9 | $ | 50.1 | $ | 63.5 | $ | 59.7 | $ | 59.1 | $ | 56.7 | ||||||||||||||||
Net revenue days in A/R |
37.8 | 39.5 | 34.2 | 32.3 | 37.1 | 35.8 | 36.4 | 31.7 | ||||||||||||||||||||||||
Admissions |
17,195 | 15,281 | 16,721 | 16,888 | 18,900 | 17,128 | 16,875 | 17,988 | ||||||||||||||||||||||||
Admissions for divestitures |
(1,812 | ) | (1,171 | ) | (713 | ) | (221 | ) | — | — | — | — | ||||||||||||||||||||
Admissions (exclusive of
divestitures) |
15,383 | 14,110 | 16,008 | 16,667 | 18,900 | 17,128 | 16,875 | 17,988 | ||||||||||||||||||||||||
Admissions for acquisitions |
— | (306 | ) | (2,350 | ) | (2,448 | ) | (2,624 | ) | (2,457 | ) | (2,327 | ) | (3,252 | ) | |||||||||||||||||
Same hospital (a) |
15,383 | 13,804 | 13,658 | 14,219 | 16,276 | 14,671 | 14,548 | 14,736 | ||||||||||||||||||||||||
ER visits |
70,825 | 73,870 | 79,366 | 70,891 | 77,573 | 76,201 | 79,145 | 80,191 | ||||||||||||||||||||||||
ER visits for divestitures |
(10,520 | ) | (9,685 | ) | (5,750 | ) | (801 | ) | — | — | — | — | ||||||||||||||||||||
ER visits (exclusive of
divestitures) |
60,305 | 64,185 | 73,616 | 70,090 | 77,573 | 76,201 | 79,145 | 80,191 | ||||||||||||||||||||||||
ER visits for acquisitions |
— | (1,294 | ) | (10,781 | ) | (10,585 | ) | (13,108 | ) | (12,721 | ) | (13,190 | ) | (17,385 | ) | |||||||||||||||||
Same hospital (a) |
60,305 | 62,891 | 62,835 | 59,505 | 64,465 | 63,480 | 65,955 | 62,806 | ||||||||||||||||||||||||
Outpatient surgeries |
12,295 | 12,488 | 12,710 | 12,218 | 13,555 | 14,250 | 14,387 | 15,231 | ||||||||||||||||||||||||
O/P surgeries for
divestitures |
(968 | ) | (678 | ) | (381 | ) | (98 | ) | — | — | — | — | ||||||||||||||||||||
O/P surgeries (exclusive of
divestitures) |
11,327 | 11,810 | 12,329 | 12,120 | 13,555 | 14,250 | 14,387 | 15,231 | ||||||||||||||||||||||||
O/P surgeries for
acquisitions |
— | (118 | ) | (964 | ) | (979 | ) | (1,080 | ) | (1,288 | ) | (1,252 | ) | (2,300 | ) | |||||||||||||||||
Same hospital (a) |
11,327 | 11,692 | 11,365 | 11,141 | 12,475 | 12,962 | 13,135 | 12,931 | ||||||||||||||||||||||||
Total surgeries |
16,853 | 16,853 | 17,367 | 16,939 | 18,597 | 19,109 | 19,219 | 20,540 | ||||||||||||||||||||||||
Total surgeries for
divestitures |
(1,384 | ) | (936 | ) | (571 | ) | (158 | ) | — | — | — | — | ||||||||||||||||||||
Total surgeries (exclusive of
divestitures) |
15,469 | 15,917 | 16,796 | 16,781 | 18,597 | 19,109 | 19,219 | 20,540 | ||||||||||||||||||||||||
Total surgeries for
acquisitions |
— | (201 | ) | (1,499 | ) | (1,550 | ) | (1,745 | ) | (1,981 | ) | (1,936 | ) | (3,290 | ) | |||||||||||||||||
Same hospital (a) |
15,469 | 15,716 | 15,297 | 15,231 | 16,852 | 17,128 | 17,283 | 17,250 | ||||||||||||||||||||||||
| (a) | Same hospital information excludes the operations of hospitals which we either acquired or divested during the years presented. During 2000 and 2001, same hospital represents the same 18 hospitals that we operated during both years. For 2002, same hospital represents the same 21 hospitals that we operated during both 2002 and 2001. The costs of corporate overhead are included in same hospital information. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIFEPOINT HOSPITALS, INC | |||||||
| By: | /s/ | Michael J. Culotta | |||||
|
Michael J. Culotta, Senior Vice President and Chief Financial Officer |
|||||||
| Date: May 2, 2002 | |||||||
EXHIBIT INDEX
| Exhibit | ||||
| Number | Description of Exhibit | |||
| 99 | Copy of press release regarding the Company’s participation in the Deutsche Bank Health Care 2002 Conference to be held May 7 through May 9, 2002. | |||