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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 (Date of earliest event reported):
October 15, 1998 (October 14, 1998)
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PHYCOR, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0-19786 62-13344801
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(State or Other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification
Incorporation) Number)
30 Burton Hills Boulevard
Suite 400
Nashville, Tennessee 37015
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(Address of principal executive offices) (Zip Code)
(615) 665-9066
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
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Page 1 of 4 pages
Exhibit Index located on Page 4
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ITEM 5. OTHER EVENTS.
On October 14, 1998, PhyCor, Inc., a Tennessee corporation (the
"Company"), issued two press releases. The first press release announced the
expansion of the Company's previously announced common stock repurchase program
to include the Company's 4.5% Convertible Subordinated Debentures due 2003 and
other securities. The second press release announced that the Company and Watson
Clinic LLP have agreed not to renew their interim management agreement and have
suspended further activities relating to the completion of their anticipated
transaction involving PhyCor's acquisition of certain of Watson Clinic's assets
and the execution of a long-term service agreement. A copy of the press releases
are attached hereto as Exhibit 99 and are incorporated by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired.
None required
(b) Pro Forma Financial Information.
None required
(c) Exhibits.
99 Form of press releases issued by the Company on October
14, 1998.
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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.
PHYCOR, INC.
By: Joseph C. Hutts
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Joseph C. Hutts
Chairman, President and
Chief Executive Officer
Date: October 15, 1998
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION OF EXHIBITS
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99 Form of press releases issued by the Company on October 15, 1998.
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