Beverly Enterprises Extends Exchange Offer for Its $200 Million of 9 5/8% Senior Notes.Business Editors & Health/Medical Writers FORT SMITH, Ark.--(BW HealthWire)--Sept. 13, 2001 Beverly Enterprises, Inc. (NYSE NYSE See: New York Stock Exchange :BEV) today announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. of the exchange offer of its $200 million aggregate principal amount of Senior Notes for $200 million aggregate principal amount of Series B Senior Notes, which have been registered under the Securities Act, to 5:00 p.m. (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ), on Wednesday, September 19, 2001. The offer had previously been scheduled to expire at 5:00 p.m. (EDT), on Wednesday, September 12, 2001. As of 5:00 p.m. EDT, on September 7, 2001, $59,145,000 of the Senior Notes had been validly tendered and not withdrawn in the offer. Beverly Enterprises and its operating subsidiaries comprise a leading provider of healthcare services to the elderly in the United States. They currently operate 526 skilled nursing facilities skilled nursing facility n. Abbr. SNF An establishment that houses chronically ill, usually elderly patients, and provides long-term nursing care, rehabilitation, and other services. , as well as 34 assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. centers (including the Florida operations), 56 home care and hospice agencies and 161 outpatient therapy clinics. Through AEGIS Therapies, they also offer rehabilitative services on a contract basis to nursing homes operated by other care providers. |
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