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
October 3, 2001
SIERRA HEALTH SERVICES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada 1-8865 88-0200415
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
2724 North Tenaya Way
Las Vegas, Nevada 89128
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 242-7000
Item 5. Other Events.
On Monday, October 1, 2001, Sierra Health Services, Inc., or Sierra, announced
that Texas Health Choice, L.C., or TXHC, plans to exit the Texas market and that
TXHC, has entered into an agreement with AmCare Health Plans, Inc., a
Houston-based health maintenance organization, to offer replacement coverage to
all large and small groups covered by TXHC. This replacement coverage option
should be available within the next thirty days. The agreement is expected to
affect approximately 30,000 commercial members in the Dallas/Ft. Worth service
area. TXHC also announced that it will be filing a Plan of Withdrawal with the
Texas Department of Insurance. Pursuant to state regulations, TXHC will give 180
days notice of termination to all its members. Sierra's decision last month to
discontinue Medicare+Choice coverage in Dallas/Ft. Worth, effective January 1,
2002, is not affected by this agreement.
Any statements made or issued that are not historical facts are forward-looking
and should be considered in connection with certain cautionary statements
contained in our Current Report on Form 8-K dated March 20, 2001. Such
statements are made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and identify important risk factors
that could cause our actual results to differ materially from those expressed in
any projected, estimated or forward-looking statements relating to Sierra.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Exhibit
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99 Press Release: Sierra Health Services, Inc.
Announces Texas Health Choice Exiting
Texas Market, dated October 1, 2001
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SIERRA HEALTH SERVICES, INC.
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(Registrant)
Date: October 3, 2001 /S/ PAUL H. PALMER
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Paul H. Palmer
Vice President
Chief Financial Officer and Treasurer
(Chief Accounting Officer)