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HCA ANNOUNCES COMPLETION OF ITS PENDING TRANSACTION WITH HEALTHTRUST AND REDEMPTION OF ITS 17 1/2 PERCENT EXCHANGE DEBENTURES

 HCA ANNOUNCES COMPLETION OF ITS PENDING TRANSACTION WITH HEALTHTRUST AND REDEMPTION OF ITS 17 1/2 PERCENT EXCHANGE DEBENTURES
 NASHVILLE, Tenn., Dec. 19 /PRNewswire/ -- HCA-Hospital Corporation of America, announced today that its pending transaction with HealthTrust, Inc. ("HTI") was completed earlier today and that it had received $600 million in cash proceeds from HTI in exchange for the sale to HTI of the Company's preferred stock and common stock warrant investment in HTI. As of the date hereof the Company owns 10,259,906 shares of HTI's common stock, approximately 12.6 percent of HTI's outstanding shares of common stock.
 The Company also announced today that on Jan. 18, 1992, it intends to redeem all of its outstanding 17 1/2 percent Junior Subordinated Exchange Debentures Due 2005. The Redemption Price (as set forth in the Indenture relating thereto) will be 100 percent of the principal amount of the Debentures plus accrued interest to the Redemption Date. As of Nov. 30, 1991, approximately $486 million of the Debentures was outstanding (which includes interest accured to Nov. 30, 1991). The Company will utilize a portion of the HTI sale proceeds for this redemption and the balance of the proceeds will be used to pay taxes and repay bank debt. The Jan. 1, 1992 interest payment on the Debentures, in additional Debentures (with cash in lieu of fractions), will be paid as scheduled prior to the Redemption Date.
 -0- 12/19/91
 /CONTACT: Victor Campbell (Investor Inquiries Contact),


HCA-Hospital Corporation of America, 615-320-2053/ CO: HCA - Hospital Corporation of America ST: Tennessee IN: HEA SU:

DF -- CH005 -- 3829 12/19/91 11:09 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:271
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