UNITED
STATES
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): October 24, 2006
SIERRA
HEALTH SERVICES, INC.
_____________________________________________
(Exact
name of registrant as specified in its charter)
Nevada 1-8865 88-0200415
(State
or
Other Jurisdiction (Commission
File Number) (IRS
Employer Identification No.)
of
Incorporation)
2724
North Tenaya Way
Las
Vegas, Nevada 89128
(Address
of principal executive offices including zip code)
(702)
242-7000
(Registrant's
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
______________________________________________________
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
2.02. Results of Operations and Financial Condition
On
October 24, 2006, Sierra Health Services, Inc. issued a press release announcing
operating results for the quarter ended September 30, 2006. A copy of the
press
release is furnished as Exhibit 99.1 to this Current Report. This exhibit
shall
not be deemed to be “filed” for purposes of Section 18 of the Securities and
Exchange Act of 1934, as amended, and shall not be incorporated by reference
in
any filing under the Securities Act of 1933, as amended.
Statements
in the press release referred to above that are not historical facts are
forward-looking and based on management’s projections, assumptions and
estimates; actual results may vary materially. Forward-looking statements
are
subject to certain risks and uncertainties, which include but are not limited
to: 1) potential adverse changes in government regulations, contracts and
programs, including the Medicare Advantage program, the Medicare Prescription
Drug Plan and any potential reconciliation issues, Medicaid and legislative
proposals to eliminate or reduce ERISA pre-emption of state laws that would
increase potential managed care litigation exposure; 2) competitive forces
that
may affect pricing, enrollment, renewals and benefit levels; 3) unpredictable
medical costs, malpractice exposure, reinsurance costs, changes in provider
contracts and inflation; 4) impact of economic conditions; 5) changes in
healthcare reserves; and 6) the amount of actual proceeds to be realized
from
the note receivable related to the sale of the workers’ compensation insurance
operation. Further factors concerning financial risks and results are contained
in our Annual Report on Form 10-K for the year ended December 31, 2005. 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.
Consequently,
all of the forward-looking statements made in the press release referred
to
above are qualified by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by Sierra will
be
realized or, even if substantially realized, that they will have the expected
consequences to, or effects on, Sierra or its business or operations. Sierra
assumes no obligation to update publicly any such forward-looking statements,
whether as a result of new information, future events or otherwise.
Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Also
on
October 24, 2006, the Company announced that Erin E. MacDonald has retired
from
the Board of Directors effective immediately due to health reasons. Ms.
MacDonald will remain with the Company as a special assistant to the CEO
through
May, 2007.
Item
9.01. Financial Statements and Exhibits
|
Exhibits
|
Description
|
|
99.1
|
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.
(Registrant)
Date:
October 24, 2006 /S/
MARC R. BRIGGS
Marc
R.
Briggs
Vice
President Finance
Chief
Accounting Officer