Ardent Health Services Extends the Expiration Date for the Previously Announced Cash Tender Offer.NASHVILLE, Tenn. -- Ardent Health Services health services Managed care The benefits covered under a health contract LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced today the extension of the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. for the previously announced cash tender offer and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with by its subsidiary, Ardent Health Services, Inc., for its outstanding 10% Senior Subordinated Notes due 2013 (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 03979PAB PAB In currencies, this is the abbreviation for the Panamanian Balboa. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1) (the "Notes") from 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on June 13, 2005 to 5:00 p.m., New York City time, on June 27, 2005 (such date and time, as they may be extended by the company, the "Expiration Date"). The company has received tenders and consents from holders of $224.97 million in aggregate principal amount of the Notes, representing approximately 99.99% of the outstanding Notes. The price determination date will be 2:00 p.m., New York City time, 10 business days prior to the Expiration Date. The completion of the tender offer and consent solicitation is subject to the satisfaction or waiver by the company of a number of conditions, as described in the Offer to Purchase and Consent Solicitation Statement dated April 15, 2005 (the "Offer to Purchase"). Holders who validly tender their Notes and which Notes are accepted for purchase are expected to receive payment on or promptly after the date on which the company satisfies or waives the conditions of the tender offer and consent solicitation. Requests for documents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the tender offer and consent solicitation may be directed to Global Bondholder Services Corporation, the depositary and information agent for the tender offer and consent solicitation, at (212) 430-3774 (collect) or (866) 389-1500 (U.S. toll-free). Additional information concerning the tender offer and consent solicitation may be obtained by contacting Banc of America Securities LLC, the dealer manager and solicitation agent for the tender offer and consent solicitation at (704) 388-9217 (collect) or (888) 292-0070 (U.S. toll-free). This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. The tender offer and consent solicitation are being made solely by the Offer to Purchase. Ardent Health Services is a provider of health care services to communities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Ardent currently owns 34 hospitals in 13 states, providing a full range of medical/surgical, psychiatric and substance abuse services to patients ranging from children to adults. Forward Looking Statement: This release may include forward-looking statements. These statements are based on the company's current estimates and expectations. Forward-looking statements may include words, such as "may," "will," "plans," "estimates," "anticipates," "believes," "expects," "intends" and similar expressions. These forward-looking statements are subject to various factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected or assumed. These factors, risks and uncertainties include, without limitation, the timing and conditions of the transactions contemplated by the agreement relating to the sale of the company's behavioral care services segment, related recapitalization transactions and the necessary amendments to the company's credit facility; the timing and results of the internal investigation being conducted by the Audit Committee of Ardent's Board of Directors; the ultimate impact and consequences arising from the restatement of the company's previously filed financial statements; the restrictions and covenants in our credit facility and debt instruments; the geographic concentration of our operations, particularly in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. and Tulsa, Oklahoma Tulsa is the second-largest city in the state of Oklahoma and 45th-largest in the United States. With an estimated population of 382,872 in 2006,[1] it is the principal municipality of the Tulsa Metropolitan Statistical Area, a region of 897,752 residents projected to ; possible changes in the Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. programs that may limit reimbursement to health care providers and insurers; a possible reduction of profitability of our health plan caused by lower enrollment; our failure to maintain satisfactory relationships with providers or our ability to effectively price our health care premiums or manage medical costs; the availability, cost and terms of malpractice insurance coverage; claims and legal actions relating to liabilities or other matters exceeding the scope of our liability coverage; the highly competitive nature of the health care business, including the competition to recruit and retain physicians and other health care personnel and the ability to retain qualified management; the potential adverse impact of government investigations or "qui tam QUI TAM, remedies. Who as well. When a statute imposes a penalty, for the doing or not doing an act, and gives that penalty in part to whosoever will sue for the same, and the other part to the commonwealth, or some charitable, literary, or other institution, and makes it recoverable by " lawsuits brought under the False Claims Act or other whistleblower whis·tle·blow·er or whis·tle-blow·er or whistle blower n. One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . . statutes; our ability to integrate newly acquired facilities and improve their operations and realize the anticipated benefits of the acquisitions; our ability to acquire hospitals that meet our target criteria; our ability to manage and integrate our information systems effectively and the impact of the previously announced impairment charge for software, hardware and implementation costs which the company previously capitalized; any reduction in payments to health care providers by government and commercial third-party payers, as well as cost-containment efforts of insurers and other payers; uncertainty associated with compliance with HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, and other privacy laws and regulations; changes in, or violations of, Federal, state or local regulation affecting the health care industry; the possible enactment of Federal or state health care reform; changes in general economic conditions and those factors, risks and uncertainties described from time to time in the company's filings with the Securities and Exchange Commission. The company can give no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by us or any other person that our objectives and plans will be achieved. The company undertakes no obligation to update any forward-looking statements contained in this release. |
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