HCA INC. - FORM S-8
As Filed With the Securities and Exchange Commission
on May 7, 2008
Registration No. 333-________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
HCA INC.
(Exact name of registrant as specified in its charter)
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Delaware
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75-2497104 |
(State or other jurisdiction of
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(I.R.S. Employer Identification No.) |
incorporation or organization) |
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One Park Plaza
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37203 |
Nashville, Tennessee
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(Zip Code) |
(Address of Principal Executive Offices)
2006 Stock Incentive Plan for Key Employees of HCA Inc. and its Affiliates
(Full title of the plan)
John M. Franck II
Vice President Legal and Corporate Secretary
HCA Inc.
One Park Plaza
Nashville, Tennessee 37203
(615) 344-9551
(Name, Address, and Telephone Number of Registrants agent for service)
Copy to:
J. Page Davidson
Bass, Berry & Sims PLC
315 Deaderick Street, Suite 2700
Nashville, Tennessee 37238
(615) 742-6200
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated
filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
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Large accelerated filer o
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Accelerated filer o |
Non-accelerated filer x (Do not check if a smaller reporting company)
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Smaller reporting company o |
CALCULATION OF REGISTRATION FEE
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Proposed |
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Proposed |
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Amount of |
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Title of securities |
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Amount to be |
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maximum offering |
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maximum aggregate |
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registration |
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to be registered |
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registered(1) |
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price per share(2) |
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offering price |
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fee(3) |
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Common Stock, $0.01 par value |
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10,654,521 |
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$51.44-$60.25 |
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$563,741,849.78 |
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$22,156 |
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(1) Pursuant to Rule 416(a) under the Securities
Act of 1933, as amended (the Securities Act), includes an indeterminate
number of additional shares which may be offered and issued to prevent dilution
resulting from stock splits, stock dividends or similar transactions. Pursuant
to Rule 416(c), also includes an indeterminate number of participation
interests to be offered or sold pursuant to the plan described herein.
(2) Pursuant to Rule 457(h) under the Securities
Act, the offering price is estimated solely for the purpose of calculating the
registration fee on the basis of (a) the exercise prices for the 8,875,487
shares subject to outstanding options granted pursuant to the 2006 Stock
Incentive Plan for Key Employees of HCA Inc. and its Affiliates (the 2006
Plan), and (b) the Registrants good faith estimate of value for the other
1,779,034 shares registered pursuant hereto for future issuance under the 2006
Plan.
(3)Determined
by multiplying $563,741,849.78 by 0.0000393.
TABLE OF CONTENTS
PART I
Information Required in the Section 10(a) Prospectus
HCA Inc. (the Registrant) has sent or given or will send or give documents containing the
information specified by Part I of this Form S-8 Registration Statement (the Registration
Statement) to participants in the plan to which this Registration Statement relates, as specified
in Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the SEC) under the
Securities Act. The Registrant is not filing such documents with the SEC, but these documents
constitute (along with the documents incorporated by reference into the Registration Statement
pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of
the Securities Act.
I-1
PART II
Information Required in the Registration Statement
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Item 3. |
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Incorporation of Documents by Reference. |
The following documents filed by the Registrant with the SEC, pursuant to the Securities
Exchange Act of 1934, as amended (the Exchange Act), are hereby incorporated by reference and
shall be deemed to be a part hereof from the date of filing of such document:
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The Registrants Annual Report on Form 10-K for the fiscal year ended December 31, 2007; and |
(2) |
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The description of the Registrants Common Stock, par value $0.01 per share, contained in the
Registrants Registration Statement on Form 8-A, filed with the
SEC on April 29, 2008, and
including all other amendments and reports filed for the purpose of updating such description. |
All documents filed by the Registrant pursuant to Section 13(a), 13(c), 14 and 15(d) of the
Exchange Act after the date hereof and prior to the filing of a post-effective amendment to this
Registration Statement which indicates that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference
herein and to be a part hereof from the date of filing of such documents. Any statements contained
in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or replaced for purposes hereof to the extent that a statement contained herein (or in any
other subsequently filed document which also is incorporated or deemed to be incorporated by
reference herein) modifies or replaces such statement. Any statement so modified or replaced shall
not be deemed, except as so modified or replaced, to constitute a part hereof.
Notwithstanding the foregoing, information furnished under Items 2.02 and 7.01 of any Current
Report on Form 8-K, including the related exhibits, is not incorporated by reference in this
Registration Statement or the related prospectus.
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Item 4. |
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Description of Securities. |
Not applicable.
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Item 5. |
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Interests of Named Experts and Counsel. |
Not applicable.
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Item 6. |
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Indemnification of Directors and Officers. |
Section 145 of the Delaware General Corporation Law (which we will refer to as the DGCL),
grants each corporation organized thereunder the power to indemnify any person who is or was a
director, officer, employee or agent of a corporation or enterprise against expenses, including
attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative, other than an action by or in the right of the
corporation, by reason of being or having been in any such capacity, if he acted in good faith in a
manner reasonably believed to be in, or not opposed to, the best interests of the corporation, and,
with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct
was unlawful. A similar standard of care is applicable in the case of expenses, including
attorneys fees, in actions by or in the right of the corporation, except that no indemnification
may be made in respect of any claim, issue or matter as to which such person shall have been
adjudged to be liable to the corporation unless and only to the extent that the Delaware Court of
Chancery or the court in which such action was brought determines that, despite adjudication of
liability but in view of all of the circumstances of the case, the person is fairly and reasonably
entitled to indemnity for expenses that the Delaware Court of Chancery or other court shall deem
proper.
II-1
Section 102(b)(7) of the DGCL enables a corporation in its certificate of incorporation or an
amendment thereto to eliminate or limit the personal liability of a director to the corporation or
its stockholders of monetary damages for violations of the directors fiduciary duty as a director,
except (i) for any breach of the directors duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or that involve intentional misconduct or a knowing
violation of law, (iii) pursuant to Section 174 of the DGCL (providing for liability of directors
for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv) for any
transaction from which a director derived an improper personal benefit.
Our bylaws indemnify the directors and officers to the full extent of the DGCL and also allow
the board of directors to indemnify all other employees. Such indemnification extends to the
payment of judgments against such officers and directors and to reimbursement of amounts paid in
settlement of such claims or actions and may apply to judgments in favor of the corporation or
amounts paid in settlement to the corporation. Such indemnification also extends to the payment of
counsel fees and expenses of such officers and directors in suits against them where successfully
defended by them or where unsuccessfully defended, if there is no finding or judgment that the
claim or action arose from the gross negligence or willful misconduct of such officers or
directors. Such right of indemnification is not exclusive of any right to which such officer or
director may be entitled as a matter of law and shall extend and apply to the estates of deceased
officers and directors.
We maintain a directors and officers insurance policy. The policy insures directors and
officers against unindemnified losses arising from certain wrongful acts in their capacities as
directors and officers and reimburses us for those losses for which we have lawfully indemnified
the directors and officers. The policy contains various exclusions that are normal and customary
for policies of this type.
The foregoing summaries are subject to the complete text of the amended and restated
certificate of incorporation and amended and restated bylaws and the DGCL and are qualified in
their entirety by reference thereto.
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Item 7. |
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Exemption from Registration Claimed. |
Not applicable.
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4.1 |
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Amended and Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the
Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and
incorporated herein by reference). |
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4.2 |
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Amended and Restated Bylaws of the Company (filed as Exhibit 3.2 to the Companys Annual
Report on Form 10-K for the fiscal year ended December 31, 2007, and incorporated herein by
reference). |
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5.1 |
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Opinion of Bass, Berry & Sims PLC. |
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23.1 |
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Consent of Ernst & Young LLP, independent registered public accounting firm. |
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23.2 |
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Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1). |
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24.1 |
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Power of Attorney (included on the signature pages hereof). |
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99.1 |
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2006 Stock Incentive Plan for Key Employees of HCA Inc. and its Affiliates (filed as Exhibit
10.11 to the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2006,
and incorporated herein by reference). |
II-2
A. The Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities
Act;
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was registered)
and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume and price represent no more
than a 20% change in the maximum aggregate offering price set forth in the
Calculation of Registration Fee table in the effective registration statement; and
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any material
change to such information in the registration statement;
provided, however, that clauses (A)(1)(i) and (A)(1)(ii) shall not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in reports
filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d)
of the Exchange Act that are incorporated by reference into the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
B. The Registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Registrants annual report pursuant to Section 13(a) or 15(d) of
the Exchange Act (and where applicable, each filing of an employee benefit plans annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
C. Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC
such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit
to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of
such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8, and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Nashville, State of Tennessee, on
this 7th day of
May, 2008.
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HCA INC.
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By: |
/s/ R. Milton Johnson
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R. Milton Johnson |
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Executive Vice President and
Chief Financial Officer |
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KNOW ALL MEN BY THESE PRESENTS, each person whose signature appears below hereby constitutes
and appoints John M. Franck II, R. Milton Johnson and David G. Anderson and each of them, his or
her true and lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities,
to sign any and all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite and necessary, as
fully to all intents and purposes as he or she might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated below.
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Signature |
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/s/
Jack O. Bovender, Jr.
Jack O. Bovender, Jr. |
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Chairman of the Board and
Chief Executive Officer
(Principal Executive
Officer)
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May 7, 2008 |
/s/ Richard M. Bracken
Richard M. Bracken |
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President, Chief Operating
Officer and Director
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May 7, 2008 |
/s/ R. Milton Johnson
R. Milton Johnson |
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Executive Vice President
and Chief Financial Officer
(Principal Financial and
Accounting Officer)
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May 7, 2008 |
/s/ Christopher J. Birosak
Christopher J. Birosak |
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Director
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May 7, 2008 |
/s/ George A. Bitar
George A. Bitar |
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Director
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May 7, 2008 |
/s/ John P. Connaughton
John P. Connaughton |
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Director
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May 7, 2008 |
II-4
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Signature |
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/s/ Thomas F. Frist, Jr.,
M.D.
Thomas F. Frist, Jr., M.D. |
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Director
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May 7, 2008 |
/s/ Thomas F. Frist, III
Thomas F. Frist, III |
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Director
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May 7, 2008 |
/s/ Christopher R. Gordon
Christopher R. Gordon |
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Director
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May 7, 2008 |
/s/ Michael W. Michelson
Michael W. Michelson |
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Director
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May 7, 2008 |
/s/ James C. Momtazee
James C. Momtazee |
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Director
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May 7, 2008 |
/s/ Stephen G. Pagliuca
Stephen G. Pagliuca |
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Director
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May 7, 2008 |
/s/ Peter M. Stavros
Peter M. Stavros |
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Director
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May 7, 2008 |
/s/ Nathan C. Thorne
Nathan C. Thorne |
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Director
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May 7, 2008 |
II-5
EXHIBIT INDEX
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4.1 |
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Amended and Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the
Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2007, and
incorporated herein by reference). |
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4.3 |
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Amended and Restated Bylaws of the Company (filed as Exhibit 3.2 to the Companys Annual
Report on Form 10-K for the fiscal year ended December 31, 2007, and incorporated herein by
reference). |
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5.1 |
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Opinion of Bass, Berry & Sims PLC. |
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23.1 |
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Consent of Ernst & Young LLP, independent registered public accounting firm. |
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23.2 |
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Consent of Bass, Berry & Sims PLC (included in Exhibit 5.1). |
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24.1 |
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Power of Attorney (included on the signature pages hereof). |
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99.1 |
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2006 Stock Incentive Plan for Key Employees of HCA Inc. and its Affiliates (filed as Exhibit
10.11 to the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2006,
and incorporated herein by reference). |
II-6