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
April 22, 2003
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Date of Report (Date of earliest event reported)
SIERRA HEALTH SERVICES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada 1-8865
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(State or Other Jurisdiction (Commission File Number)
of Incorporation)
88-0200415
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(IRS Employer
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 9. Regulation FD Disclosure
This form 8-K is being furnished to report information pursuant to Item 12 -
Disclosure of Results of Operations and Financial Condition in accordance with
interim guidance provided by the Securities and Exchange Commission in Release
No. 33-8216 issued March 27, 2003. See Item 12 below.
Item 12. Disclosure of Results of Operations and Financial Condition
On April 22, 2003, Sierra Health Services, Inc. issued a press release
announcing operating results for the quarter ended March 31, 2003. A copy of the
press release is attached as Exhibit 99.1 to this Current Report and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
Exhibits Description
99.1 Press Release, dated as of April 22, 2003
All of the information furnished in this report and the accompanying 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 TRICARE, Medicare, 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 and benefit levels; 3) unpredictable medical costs,
malpractice exposure, reinsurance costs and inflation; 4) impact of economic
conditions; 5) changes in healthcare and workers' compensation reserves; 6) our
failure to win the competitive procurement for the North Region TRICARE Next
Generation contract or obtain an extension of the Medicare Social HMO contract;
and 7) the amount of actual proceeds realized upon the final disposition of the
workers' compensation insurance operation or the inability to dispose of such
business. Further factors concerning financial risks and results are contained
in our Annual Report on Form 10-K for the year ended December 31, 2002. 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.
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: April 22, 2003 /S/ PAUL H. PALMER
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Paul H. Palmer
Senior Vice President
Chief Financial Officer and Treasurer
(Chief Accounting Officer)