Public Company Information:
HCA (NYSE: HCA) announced today that, as part of its previously announced stock repurchase program, the Company established a written trading plan (the "Plan") under the provisions of Rule 10b5-1(c)(2) under the Securities Exchange Act of 1934, as amended, and in accordance with the requirements of Rule 10b-18 of the Exchange Act.
Pursuant to the Plan, the Company may repurchase up to approximately $973 million of the Company's common stock in accordance with the previously announced repurchase program during the period commencing on December 8, 2005 and expiring on April 26, 2006, unless earlier terminated, subject to conditions specified in the Plan.
This press release contains forward-looking statements based on current management expectations. Those forward-looking statements include all statements other than those made solely with respect to historical fact, including those relating to the anticipated results of the Plan. 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 the ability of the Company to repurchase shares on the terms and pursuant to the conditions set forth in the Plan, conditions in the markets for the Company's common stock and other and unknown risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The Company undertakes 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.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding HCA's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
Investors, Mark Kimbrough, +1-615-344-2688, or
Media, Jeff Prescott, +1-615-344-5708,
both of HCA