-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Vhve2rx+8QxW5gOa5ErYRgM3ZiHQIeu/dGIbwqC7E/IJ8HVtvjSezQWnLH7WRrK9 RPhAoBPfB+TTrmYRbj8uUw== 0000950144-06-011041.txt : 20061117 0000950144-06-011041.hdr.sgml : 20061117 20061117170828 ACCESSION NUMBER: 0000950144-06-011041 CONFORMED SUBMISSION TYPE: SC 13E3/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061117 DATE AS OF CHANGE: 20061117 GROUP MEMBERS: BAIN CAPITAL FUND IX, L.P. GROUP MEMBERS: FRISCO PARTNERS GROUP MEMBERS: FRISCO, INC. GROUP MEMBERS: HERCULES ACQUISITION CORPORATION GROUP MEMBERS: HERCULES HOLDING II, LLC GROUP MEMBERS: JACK O. BOVENDER, JR. GROUP MEMBERS: KKR 2006 FUND L.P. GROUP MEMBERS: KKR MILLENNIUM FUND L.P. GROUP MEMBERS: ML GLOBAL PRIVATE EQUITY FUND, L.P. GROUP MEMBERS: RICHARD M. BRACKEN GROUP MEMBERS: THOMAS F. FRIST III GROUP MEMBERS: THOMAS F. FRIST, JR., M.D. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HCA INC/TN CENTRAL INDEX KEY: 0000860730 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 752497104 STATE OF INCORPORATION: DE FISCAL YEAR END: 0324 FILING VALUES: FORM TYPE: SC 13E3/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41652 FILM NUMBER: 061227565 BUSINESS ADDRESS: STREET 1: ONE PARK PLZ CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6153449551 MAIL ADDRESS: STREET 1: ONE PARK PLAZA CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: HCA THE HEALTHCARE CO DATE OF NAME CHANGE: 20010419 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP DATE OF NAME CHANGE: 20000502 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP/ DATE OF NAME CHANGE: 19940314 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HCA INC/TN CENTRAL INDEX KEY: 0000860730 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 752497104 STATE OF INCORPORATION: DE FISCAL YEAR END: 0324 FILING VALUES: FORM TYPE: SC 13E3/A BUSINESS ADDRESS: STREET 1: ONE PARK PLZ CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6153449551 MAIL ADDRESS: STREET 1: ONE PARK PLAZA CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: HCA THE HEALTHCARE CO DATE OF NAME CHANGE: 20010419 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP DATE OF NAME CHANGE: 20000502 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP/ DATE OF NAME CHANGE: 19940314 SC 13E3/A 1 g04251a5sc13e3za.htm HCA INC. - FORM SC 13E3/A HCA INC. - FORM SC 13E3/A
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13E-3
RULE 13e-3 TRANSACTION STATEMENT
(Pursuant to Section 13(e) of the Securities Exchange Act of 1934)
(Amendment No. 5)
 
HCA INC.
         
    (Name of the Issuer)    
         
HCA Inc.
    Jack O. Bovender, Jr.
Richard M. Bracken
  Thomas F. Frist, Jr., M.D.
Thomas F. Frist III
Frisco, Inc.
Frisco Partners
Hercules Holding II, LLC
Hercules Acquisition Corporation
    Bain Capital Fund IX, L.P.
KKR Millennium Fund L.P.
KKR 2006 Fund L.P.
    ML Global Private Equity Fund, L.P.
  (Name of Person(s) Filing Statement)  
Common Stock, par value $.01 per share
Nonvoting Common Stock, par value $.01 per share

(Title of Class of Securities)
404119109
(CUSIP Number of Class of Securities)
 
John M. Franck II, Esq.
Vice President and Corporate Secretary
HCA Inc.
One Park Plaza
Nashville, Tennessee 37203
(615) 344-9551
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications
on Behalf of Person(s) Filing Statement)
Copies to:
             
James H. Cheek, III, Esq.
  Creighton O’M. Condon, Esq.   James C. Morphy, Esq. David J. Sorkin, Esq.
J. Page Davidson, Esq.
  Clare O’Brien, Esq.   John Evangelakos, Esq. Simpson Thacher & Bartlett LLP
Bass, Berry & Sims PLC
  Shearman & Sterling LLP   Sullivan & Cromwell LLP 425 Lexington Avenue
315 Deaderick Street
  599 Lexington Avenue   125 Broad Street New York, NY 10017
Suite 2700
  New York, NY 10022   New York, NY 10004 (212) 455-2000
Nashville, Tennessee 37238
  (212) 848-4000   (212) 558-4000
(615) 742-6200
       
This statement is filed in connection with (check the appropriate box):
         
þ
  a.   The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14-C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
 
       
o
  b.   The filing of a registration statement under the Securities Act of 1933.
 
       
o
  c.   A tender offer.
 
       
o
  d.   None of the above.
Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: o
Check the following box if the filing is a final amendment reporting the results of the transaction: þ
 
Calculation of Filing Fee
     
Transaction Valuation*
$21,279,088,602.46
  Amount of Filing Fee**
$2,276,862.48
 
     
*   Calculated solely for purposes of determining the filing fee. The transaction value was determined based upon the sum of (a) $51.00 per share of 409,547,671 shares of HCA voting and nonvoting common stock, par value $.01 per share (the “HCA Common Stock”), (b) $51.00 minus the weighted average exercise price of $39.40 per share of outstanding options to purchase 24,941,169 shares of HCA Common Stock, (c) $51.00 minus the weighted average exercise price of $20.34 per share of outstanding options to purchase 3,104,006 shares of HCA Common Stock, (d) $51.00 per share of restricted share units with respect to 134,261 shares of HCA Common Stock; and (e) $51.00 minus the exercise price of $2.29 per share of outstanding warrants to purchase 16,910 shares of HCA Common Stock.
 
**   The filing fee, calculated in accordance with Exchange Act Rule 0-11(c)(1), was calculated by multiplying the transaction value by 0.000107.
 
þ   Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $2,276,862.48
Form or Registration No.: Schedule 14A
Filing Party: HCA Inc.
Date Filed: August 9, 2006

 


 

INTRODUCTION
     This Amendment No. 5 (the “Final Amendment”) to Rule 13E-3 Transaction Statement on Schedule 13E-3, together with the exhibits hereto (the “Transaction Statement”) first filed on August 9, 2006, and as amended by Amendment No. 1 filed on September 18, 2006, Amendment No. 2 filed on October 5, 2006, Amendment No. 3 filed on October 17, 2006 and Amendment No. 4 filed on November 8, 2006, is being filed by (1) HCA Inc., a Delaware corporation (“HCA” or the “Company”), the issuer of the HCA Common Stock that is subject to the Rule 13e-3 transaction, (2) Jack O. Bovender, Jr., an individual and a director, Chairman of the Board of Directors and Chief Executive Officer of HCA and Richard M. Bracken, an individual and a director and the President of HCA, (3) Thomas F. Frist, Jr., M.D., an individual and a director of the Company, (4) Thomas F. Frist III, an individual, (5) Frisco, Inc., a Delaware corporation, and Frisco Partners, a Tennessee general partnership, (6) Hercules Holding II, LLC, a Delaware limited liability company (“Parent”), (7) Hercules Acquisition Corporation, a Delaware corporation and a direct wholly-owned subsidiary of Parent (“Merger Sub”), (8) Bain Capital Fund IX, L.P., a Cayman Islands exempted limited partnership, (9) KKR Millennium Fund L.P., a Delaware limited partnership, and KKR 2006 Fund L.P., a Delaware limited partnership, and (10) ML Global Private Equity Fund, L.P., a Cayman Islands exempted limited partnership (collectively, the “Filing Persons”).
     This Final Amendment is being filed pursuant to Rule 13e-3(d)(3) to report the results of the transaction that is the subject of this Transaction Statement.

 


 

Item 15. Additional Information
Regulation M-A Item 1011
Item 15(b) is hereby amended and supplemented as follows:
     On November 16, 2006, at a special meeting of HCA’s shareholders, HCA’s shareholders voted to adopt the Agreement and Plan of Merger, dated as of July 24, 2006, by and among HCA, Parent and Merger Sub.
     On November 17, 2006, HCA filed a Certificate of Merger with the Secretary of State of the State of Delaware, pursuant to which Merger Sub was merged with and into HCA, with HCA continuing as the surviving corporation (the “Merger”). As a result of the Merger, HCA became a subsidiary of Parent. Generally, at the effective time of the Merger, (i) each outstanding share of common stock of HCA (other than shares held in the treasury of HCA, shares owned by Parent immediately prior to the effective time of the Merger or shares held by shareholders who properly exercised appraisal rights under Delaware law) was automatically converted into the right to receive $51.00 in cash, without interest, and (ii) the separate corporate existence of Merger Sub ceased.
     As a result of the Merger, HCA common stock ceased to trade on the New York Stock Exchange (“NYSE”) as of the close of trading on November 17, 2006 and became eligible for delisting from the NYSE and termination of registration pursuant to Rule 12g-4 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, on November 17, 2006, HCA filed a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission in order to deregister its common stock under the Exchange Act.

 


 

Item 16. Exhibits
Regulation M-A Item 1016
Item 16 is amended and supplemented by the addition of the following exhibit thereto:
         
 
  (a)(4)   Press Release, dated November 17, 2006
 
       

 


 

SIGNATURES
     After due inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated November 17, 2006
             
    HCA INC.    
 
           
 
  By:   /s/ R. Milton Johnson    
 
           
 
  Name:   R. Milton Johnson    
 
           
 
  Title:   Executive Vice President    
 
           
 
      and Chief Financial Officer    
 
           
 
           
    JACK O. BOVENDER, JR.    
 
    /s/ Jack O. Bovender, Jr.    
         
    Jack O. Bovender, Jr.    
 
           
    RICHARD M. BRACKEN    
 
    /s/ Richard M. Bracken    
         
    Richard M. Bracken    
 
           
    THOMAS F. FRIST, JR., M.D.    
 
    /s/ Thomas F. Frist, Jr., M.D.    
         
    Thomas F. Frist, Jr., M.D.    
 
    THOMAS F. FRIST III    
 
    /s/ Thomas F. Frist III    
         
    Thomas F. Frist III    
             
  FRISCO, INC.
 
 
  By:   /s/ Thomas F. Frist, Jr., M.D.  
  Name:   Thomas F. Frist, Jr., M.D.
  Title:   Authorized Person 
 
  FRISCO PARTNERS
 
 
  By:   /s/ Thomas F. Frist, Jr., M.D.   
  Name:   Thomas F. Frist, Jr., M.D. 
  Title:   Authorized Person 

 


 

             
  HERCULES HOLDING II, LLC
 
 
  By:   /s/ Chris Gordon  
  Name:   Chris Gordon
  Title:   President
 
  HERCULES ACQUISITION CORPORATION
 
 
  By:   /s/ Chris Gordon  
  Name:   Chris Gordon
  Title:   President
 
  BAIN CAPITAL FUND IX, L.P.

By:  BAIN CAPITAL PARTNERS IX, L.P.,
          its general partner  
 
 
  By:  BAIN CAPITAL INVESTORS, LLC,
          its general partner
 
 
  By:   /s/ Stephen G. Pagliuca   
  Name:   Stephen G. Pagliuca 
  Title:   Managing Director 
 
  KKR MILLENNIUM FUND L.P.

By:  KKR ASSOCIATES MILLENNIUM L.P.,
          its general partner 

By:  KKR MILLENNIUM GP LLC,
          its general partner  
 
  By:   /s/ Michael W. Michelson   
  Name:   Michael W. Michelson 
  Title:   Member 
 
  KKR 2006 FUND L.P.

By: KKR ASSOCIATES 2006 L.P.,
          its general partner
 
  By: KKR 2006 GP LLC,
          its general partner  
 
  By:   /s/ Michael W. Michelson  
  Name:   Michael W. Michelson 
  Title:   Member 
 
  ML GLOBAL PRIVATE EQUITY FUND, L.P.

By:  MLGPE LTD, its General Partner  
   
  By:   /s/ Frank J. Marinaro  
  Name:   Frank J. Marinaro 
  Title:   Vice President and Secretary 

 


 

Exhibit Index
         
 
  (a)(1)   Letter to Shareholders of HCA Inc., incorporated herein by reference to the Proxy Statement on Schedule 14A filed by HCA Inc. with the Securities and Exchange Commission on October 17, 2006 (as amended and as supplemented on November 8, 2006, the “Proxy Statement”)
 
       
 
  (a)(2)   Notice of Special Meeting of Shareholders of HCA Inc., incorporated herein by reference to the Proxy Statement
 
       
 
  (a)(3)   Proxy Statement of HCA Inc., incorporated herein by reference to the Proxy Statement
 
       
 
  (a)(4)   Press Release, dated November 17, 2006
 
       
 
  (b)(1)   Debt Commitment Letter, dated as of July 24, 2006, among Hercules Holding II, LLC and Bank of America, N.A., Banc of America Bridge LLC, Banc of America Securities LLC, JPMorgan Chase Bank, N.A., J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Merrill Lynch Capital Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”)*
 
       
 
  (c)(1)   Fairness Opinion of Credit Suisse Securities (USA) LLC, dated July 23, 2006, incorporated herein by reference to the Proxy Statement
 
       
 
  (c)(2)   Fairness Opinion of Morgan Stanley & Co. Incorporated, dated as of July 23, 2006, incorporated herein by reference to the Proxy Statement
 
       
 
  (c)(3)   Presentation of Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated to the Special Committee of the Board of Directors of HCA Inc., dated July 17, 2006*
 
       
 
  (c)(4)   Presentation of Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated to the Special Committee of the Board of Directors of HCA Inc., dated July 23, 2006*
 
       
 
  (c)(5)   Presentation of McKinsey & Company, Inc., dated July 17, 2006*
 
       
 
  (c)(6)   Presentation of Merrill Lynch to the Board of Directors of HCA Inc., dated May 25, 2006*
 
       
 
  (c)(7)   Presentation of Bain, KKR and Merrill Lynch Global Private Equity to Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Incorporated and Shearman & Sterling LLP, dated July 11, 2006**
 
       
 
  (c)(8)   Presentation of McKinsey & Company, Inc., dated July 11, 2006**
 
       
 
  (d)(1)   Agreement and Plan of Merger, dated July 24, 2006, between HCA Inc., Hercules Holding II, LLC and Hercules Acquisition Corporation, incorporated herein by reference to the Proxy Statement
 
       
 
  (d)(2)   Rollover Letter, dated July 24, 2006, between Frisco Partners, Frisco, Inc. and Hercules Holding II, LLC*
 
       
 
  (d)(3)   Letter, dated July 24, 2006, from Jack O. Bovender, Jr. to Hercules Holding II, LLC*
 
       
 
  (d)(4)   Letter, dated July 24, 2006, from Richard M. Bracken to Hercules Holding II, LLC*
 
       
 
  (d)(5)   Interim Investors Agreement, dated July 24, 2006, by and among Hercules Holdings II, LLC and the parties listed on the signature pages thereto*
 
       
 
  (d)(6)   Letter, dated July 24, 2006, between Bain Capital Fund IX, L.P. and Hercules Holding II, LLC**
 
       
 
  (d)(7)   Letter, dated July 24, 2006, between KKR Millennum Fund L.P., KKR 2006 Fund L.P. (as assignee of the rights and obligations of KKR PEI Investments, L.P.) and Hercules Holding II, LLC**
 
       
 
  (d)(8)   Letter, dated July 24, 2006, between ML Global Private Equity Fund, L.P. and Hercules Holding II, LLC**
 
       
 
       
 
  (f)(1)   Section 262 of the General Corporation Law of the State of Delaware, incorporated herein by reference to Annex D of the Proxy Statement
 
       
 
  (g)   None
 
         
   * Previously filed on August 9, 2006
 ** Previously filed on September 18, 2006

 

EX-99.(A)(4) 2 g04251a5exv99wxayx4y.htm EX-99.(A)(4) NOVEMBER 17, 2006 PRESS RELEASE Ex-99.(a)(4) November 17, 2006 Press Release
 

Exhibit (a)(4)
     
HCA
  news
 
     
 
  FOR IMMEDIATE RELEASE
 
   
Investor Contact:
  Media Contact:
Mark Kimbrough
  Jeff Prescott
(615) 344-2688
  (615) 344-5708
HCA Completes Merger with Private Investor Group
Nashville, Tenn., Nov. 17, 2006 — HCA Inc. (NYSE: HCA) today announced the completion of a merger in which HCA has been acquired by a private investor group including affiliates of Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity, HCA founder Dr. Thomas F. Frist, Jr. and HCA management.
HCA announced on July 24, 2006 a definitive merger agreement with the investor group which called for HCA shareholders to receive $51 in cash, without interest, for each share of HCA common stock held. The total transaction is valued at approximately $33 billion, including the assumption or repayment of approximately $11.7 billion of debt.
“We are very pleased to partner with a group of experienced investors who share our commitment to maintaining HCA’s ‘patients first’ culture by continuing to focus on quality care and investing substantial resources into our facilities,” said Jack O. Bovender, Jr., Chairman and Chief Executive Officer of HCA. “We believe this provides a good return to our shareholders and effectively positions our company for continued growth and success.”
HCA common stock will cease trading on the New York Stock Exchange at market close on November 17, 2006, and will no longer be listed.
Shareholders of HCA who possess stock certificates will receive instructions and a letter of transmittal by mail from National City Bank, the paying agent, concerning how and where to forward their certificates for payment. For shares held in “street name” by a broker, bank or other nominee shareholders will not need to take any action to have shares converted into cash, as this will be done by the broker, bank or other nominee. Questions about the deposit of merger proceeds should be directed to the appropriate broker, bank or other nominee.
About HCA
HCA Inc. is a holding company whose affiliates own and operate hospitals and related health care entities. The term “affiliates” includes direct and indirect subsidiaries of HCA Inc. and partnerships and joint ventures in which such subsidiaries are partners. At September 30, 2006, these affiliates owned and operated 172 hospitals, 95 freestanding surgery centers and facilities which provided extensive outpatient and ancillary services. Affiliates of HCA Inc. are also partners in joint ventures that own and operate seven hospitals and nine freestanding surgery centers which are accounted for using the equity method. The Company’s facilities are located in 21 states, England and Switzerland.
About Bain Capital
Bain Capital is one of the world’s leading private investment firms, with over 20 years of experience in management buyouts, and offices in Boston, New York, London, Munich, Hong Kong, Shanghai and Tokyo. For more information, visit www.baincapital.com.
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About KKR
KKR is one of the world’s oldest and most experienced private equity firms specializing in management buyouts, with offices in New York, Menlo Park, California, London, Paris, Hong Kong and Tokyo. For more information, visit www.kkr.com.
About Merrill Lynch Global Private Equity
Merrill Lynch Global Private Equity is the private equity investment arm of Merrill Lynch & Co, Inc. For more information visit www.ml.com.
Forward looking statements
This press release contains forward-looking statements based on current HCA management expectations. Those forward-looking statements include all statements other than those made solely with respect to historical facts. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These factors include, but are not limited to, (1) the ability to recognize the benefits of the merger; (2) the impact of the substantial indebtedness incurred to finance the consummation of the merger; (3) increases in the amount and risk of collectibility of uninsured accounts, and deductibles and copayment amounts for insured accounts; (4) the ability to achieve operating and financial targets, attain expected levels of patient volumes and control the costs of providing services; (5) possible changes in the Medicare, Medicaid and other state programs that may impact reimbursements to health care providers and insurers; (6) the highly competitive nature of the health care business; (7) changes in revenue mix and the ability to enter into and renew managed care provider agreements on acceptable terms; (8) the efforts of insurers, health care providers and others to contain health care costs; (9) the impact of our charity care and uninsured discounting policies; (10) the outcome of our continuing efforts to monitor, maintain and comply with appropriate laws, regulations, policies and procedures and our corporate integrity agreement with the government; (11) changes in federal, state or local regulations affecting the health care industry; (12) delays in receiving payments for services provided; (13) the ability to attract and retain qualified management and personnel, including affiliated physicians, nurses and medical support personnel; (14) the outcome of governmental investigations by the United States Attorney for the Southern District of New York and the Securities and Exchange Commission (the “SEC”); (15) the outcome of certain class action and derivative litigation filed with respect to us; (16) the possible enactment of federal or state health care reform; (17) the availability and terms of capital to fund the expansion of our business; (18) the continuing impact of hurricanes on our facilities, the ability to obtain recoveries under our insurance policies, and the ability to secure adequate insurance coverage in future periods; (19) the resolution of the CON appeal with respect to the three West Virginia hospitals sold to LifePoint; (20) changes in accounting practices; (21) changes in general economic conditions; (22) future divestitures which may result in charges; (23) changes in business strategy or development plans; (24) the outcome of pending and any future tax audits, appeals and litigation associated with our tax positions; (25) potential liabilities and other claims that may be asserted against us, and (26) other risk factors described in our Annual Report on Form 10-K and other filings with the SEC. Many of the factors that will determine our future results are beyond our ability to control or predict. In light of the significant uncertainties inherent in the forward-looking statements contained herein, readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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