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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):
February 23, 1999 (February 23, 1999)
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PHYCOR, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0-19786 62-13344801
(State or Other (Commission File (I.R.S. Employer
Jurisdiction of Number) Identification
Incorporation) Number)
30 Burton Hills Boulevard
Suite 400
Nashville, Tennessee 37215
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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 February 23, 1999, PhyCor, Inc., a Tennessee corporation (the
"Company"), issued a press release. The press release announced year-end results
and adjusted earning expectations. The press release also announced events
relating to certain of its operating units that resulted in PhyCor recording an
asset impairment charge of approximately $79.8 million, net of tax benefits, in
the fourth quarter of 1998 and a restructuring charge of approximately $5.7
million, net of tax benefits, in the first quarter of 1999. A copy of the press
release is attached hereto as Exhibit 99 and is incorporated by reference,
provided, however, the last sentence has been revised to replace the word
"exceptions" with "expectations" to correct an inadvertent typographical error.
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 February
23, 1999 as corrected herein.
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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: /s/ John K. Crawford
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John K. Crawford
Executive Vice President
and Chief Financial Officer
Date: February 23, 1999
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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 February 23, 1999.
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