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HEALTHTRUST ANNOUNCES PROPOSED SUBORDINATED DEBT OFFERING AND STOCK REPURCHASE PLAN

 NASHVILLE, Tenn., Feb. 25 /PRNewswire/ -- HealthTrust, Inc. - The Hospital Company (NYSE: HTI) announced today that it intends to file a registration statement with the Securities and Exchange Commission within the next week relating to a proposed public offering of $300 million principal amount of its subordinated debt securities. It is anticipated that the proceeds from the sale of the subordinated debt securities will be used to redeem a portion of the Company's outstanding indebtedness or for other corporate purposes. These securities will be offered only by means of a prospectus.
 In addition, HealthTrust announced today that its board of directors has authorized purchases by the Company of up to 5 percent of the shares of its currently outstanding common stock. It is expected that the Company will make the purchases from time to time over the next twelve months in the open market at prevailing prices or in privately negotiated transactions.
 It is anticipated that the purchased shares will be contributed to the Company's 401(K) retirement program and also may be used for other corporate purposes. The Company has approximately 81.2 million shares of common stock outstanding, or which approximately 25.7 million shares are held by the trustee of the retirement program.
 HealthTrust is one of the largest health care providers in the United States with assets of $2.4 billion. The Company provides a variety of acute and other health care services for 81 markets in 21 southern and western states.
 -0- 2/25/93
 /CONTACT: Paula Lovell, Lovell Communications, Inc., 615-297-7766; or Merilyn H. Herbert, HealthTrust, Inc., 615-298-6261/
 (HIT)


CO: HealthTrust, Inc. ST: Tennessee IN: HEA SU: OFR

DF -- CH007 -- 0358 02/25/93 11:35 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:282
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