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HCA ANNOUNCES THE INITIAL PUBLIC OFFERING OF ITS COMMON STOCK PRICED AT $21.50 PER SHARE

 HCA ANNOUNCES THE INITIAL PUBLIC OFFERING OF
 ITS COMMON STOCK PRICED AT $21.50 PER SHARE
 NASHVILLE, Tenn., Feb. 26 /PRNewswire/ -- HCA - Hospital Corporation of America (HCA) announced today that an initial public offering of 34 million shares of its Class A Common Stock has been priced at $21.50 per share.
 Goldman, Sachs and Co. and its international affiliate are the lead managers of both the offering in the United States and Canada of 27.2 million shares and the concurrent international offering of 6.8 million shares, with Merrill Lynch and Co. and J.P. Morgan Securities Inc. and their respective international affiliates acting as co-managers for both offerings.
 All of the shares are being sold by HCA. HCA anticipates that it will receive approximately $694.5 million in aggregate net proceeds from these offerings. HCA intends to use the net proceeds from these offerings primarily to reduce existing indebtedness, including bank indebtedness and the redemption of its 15 3/4 percent Subordinated Discount Debentures due 2003.
 Prior to these offerings, there has been no public market for HCA's Common Stock. HCA's Common Stock will be traded on the New York Stock Exchange under the symbol "HCA."
 HCA has granted the underwriters an option for 30 days to purchase up to an additional 5.1 million shares solely to cover over-allotments. If the over-allotment option is exercised, the net proceeds will be used to reduce further HCA's bank indebtedness.
 A prospectus relating to the securities may be obtained from the U.S. offices of Goldman, Sachs and Co., 85 Broad St., New York, NY 10004.
 HCA is one of the leading hospital management companies in the United States. HCA and its affiliates own and operate more than 120 hospitals with over 22,500 beds.
 -0- 2/26/92
 /CONTACT: David McFadden, Corporate Relations, HCA, 615-327-9551, or 1-800-251-2561/
 (HCA) CO: HCA - Hospital Corporation of America ST: Tennessee IN: HEA SU: OFR


DF -- CH006 -- 3036 02/26/92 18:27 EST
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Publication:PR Newswire
Date:Feb 26, 1992
Words:331
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