Nme

The 5.42 million shares of common stock listed in the filing by National Medical Enterprises will be issued in connection with the firm's acquisition of Rehab Hospital Services, which closed in over-the-counter trading Monday at $22.625 per common share. An agreement between the firms is subject to Rahab shareholder approval at a special meeting Jan. 28 and calls for one share of NME common stock to be exchanged for each outstanding share of Rehab common stock.

Los Angeles alternative-music icon Jane's Addiction will re-form for a one-off performance Wednesday night at El Rey Theatre as part of the inaugural NME Awards USA ceremony. It will be the first time all four original members -- Perry Farrell, Dave Navarro, Eric Avery and Stephen Perkins -- have shared a stage since 1991. The band will receive the Godlike Genius Award for its contribution to pop music at the event, which was designed to boost the profile of the UK music magazine among U.S.

British singer Morrissey won an apology in a London court on Thursday from the publishers of Word Magazine over suggestions he was a racist and a hypocrite. The former Smiths frontman, who was not in court to hear the statement, is also pursuing separate legal action against music magazine NME for an article it printed last year in which he discussed his views on immigration in Britain. Caroline Kean, representing Word publishers Development Hell, said the company offered its "sincere apologies."

British singer Morrissey won an apology in a London court on Thursday from the publishers of Word Magazine over suggestions he was a racist and a hypocrite. The former Smiths frontman, who was not in court to hear the statement, is also pursuing separate legal action against music magazine NME for an article it printed last year in which he discussed his views on immigration in Britain. Caroline Kean, representing Word publishers Development Hell, said the company offered its "sincere apologies."

The San Diego City Council voted Monday to relinquish its interest in San Diego Physicians & Surgeons Hospital, eliminating the last obstacle to a sale of the ailing Southeast San Diego facility. Nationwide Medical Systems of Perris, Calif., has agreed to buy the loss-plagued hospital from its current operator, National Medical Enterprises, for $6.5 million. The firm will rename the hospital, which has lost about $20 million since NME took it over in 1982, as Christian Hospital of San Diego.

Your article on the Westside's Top-Paid Executives (Times, May 26) was most interesting. The fact that nine of the top 23 are executives of profit-making health care corporations (NME and AMH) while over 30% of Californians cannot afford either health insurance or adequate health care should give the public a very clear picture of one significant reason why our current health care system is in serious trouble. JOHN POTTER MD Los Angeles

The revelation that Richard Eamer makes $17.5 million per year as CEO of National Medical Enterprises and the second in command, Leonard Cohen, makes $8 million per year was certainly eye-opening and mind-boggling information. Though capitalism seems to be the best of all systems, and we in the United States are fortunate to have all that we do, there should be a social and economic conscience. Salaries of this magnitude are just not ethical or healthy in light of the current status of medical costs in this country.

Scott Rhine has a task few hospital administrators would find enviable. And last week he was given at least another year to carry it out. He heads an inner-city hospital where 95% of the patients either have no insurance or receive government coverage that is inadequate to cover costs, where 70% of the admitted patients come through the emergency room, and where many doctors have traditionally declined to send patients because of the location and the facility's checkered history.

Los Angeles alternative-music icon Jane's Addiction will re-form for a one-off performance Wednesday night at El Rey Theatre as part of the inaugural NME Awards USA ceremony. It will be the first time all four original members -- Perry Farrell, Dave Navarro, Eric Avery and Stephen Perkins -- have shared a stage since 1991. The band will receive the Godlike Genius Award for its contribution to pop music at the event, which was designed to boost the profile of the UK music magazine among U.S.

National Medical Enterprises Inc., embracing a marketing tactic that has distressed the insurance industry, has signed an agreement to buy a San Francisco insurance firm in hopes of using the business to attract more patients to NME's medical facilities. The proposed acquisition of Assured Investors Life Co., which is expected to be completed this spring, would be NME's first purchase of an insurance company.

The British music publication NME will expand its annual awards with a U.S. version slated to bow April 23 at the El Rey Theatre in Los Angeles. The American edition will determine winners through votes cast by U.S. users who visit the website NME.com/usaawards. NME awards have contributed to helping break such acts as Arctic Monkeys, the Kaiser Chiefs and the Killers. NME is partnering with L.A. based concert promoter Goldenvoice for the event. In conjunction with the award event, NME also is launching the NME Awards Tour in the U.S. in April.

"It's our job to serve the lives of music fans," enthuses Conor McNicholas, editor of the NME, last survivor of Britain's once-thriving weekly pop newspaper scene. "What they want to do is get close to the bands, hang out with the artists they love." It's crucial to the recent renaissance in a publication many thought doomed by the new millennium that McNicholas' fresh young team of reporters has shown the will, the instinct and the sheer 24-hour energy to create that exhilarating illusion.

In a bizarre twist to the National Medical Enterprises fraud scandal, a former chief executive of a then-NME-owned psychiatric hospital in Chula Vista was convicted Thursday on one felony charge of sending threatening communications to a former top manager of the hospital. A U.S. District Court jury in San Diego deliberated for about three hours before finding Charles E.

The Federal Trade Commission on Thursday blocked, for antitrust reasons, National Medical Enterprises' proposed sale of six psychiatric hospitals to Charter Medical Corp. The FTC said the sale would have an anti-competitive effect because Macon, Ga.-based Charter, the nation's largest operator of psychiatric hospitals, would control too large a share of the market in the cities where the hospitals are located. The six hospitals are in Atlanta; Memphis, Tenn.; Orlando, Fla., and Richmond, Va.

Largely absent from the hundreds of lawsuits and government investigations initiated against National Medical Enterprises--accused of orchestrating the nation's biggest health care fraud ever--are the doctors and other health care professionals who oversaw care at the firm's hospitals.

National Medical Enterprises, continuing its rapid recovery from a rash of legal and ethical troubles, said Tuesday that it will acquire rival hospital chain American Medical Holdings in a $3.3-billion deal that would give it considerable clout in two important markets: Southern California and southern Florida. The new company would have $5.

National Medical Enterprises reported the dismissal of antitrust litigation filed in October, 1983, by the Justice Department that challenged NME's acquisition of Modesto City Hospital in Modesto. In Fresno, Judge Robert E. Coyle dismissed the case "with prejudice" and awarded NME recovery of its costs of the trial. NME acquired the 121-bed Modesto City Hospital in December, 1982.

Los Angeles-based National Medical Enterprises and the 684-bed St. Anthony Hospital in Oklahoma City agreed on a joint venture to develop health-care facilities throughout Oklahoma. Richard K. Eamer, chairman and chief executive of NME, and Richard Mooney, president of St. Anthony, said that NME and the Lee-Dewey Corp., the nonprofit hospital's for-profit subsidiary, have formed an Oklahoma corporation to pursue health-care developmental opportunities.

National Medical Enterprises said Tuesday that it will acquire rival hospital chain American Medical Holdings in a $3.3-billion deal that would nearly double its size and strengthen its presence in the key Southern California and southern Florida markets.