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HEALTHTRUST THE HOSPITAL COMPANY COMPLETES RECAPITALIZATION PLAN

 HEALTHTRUST THE HOSPITAL COMPANY COMPLETES RECAPITALIZATION PLAN
 NASHVILLE, Tenn., Dec. 19 /PRNewswire/ -- Healthtrust, Inc. - The Hospital Company (NYSE: HTI) announced today that it had completed its previously announced recapitalization plan. As part of such plan, the company today completed an initial public offering of 40 million shares of its common stock at a purchase price to the public of $14 per share, yielding net proceeds to the company of approximately $529.2 million. The company today also completed its debt tender offers by purchasing 100 percent, 93 percent, and 97 percent of its outstanding 11-3/4 percent ESOP senior notes, zero coupon senior subordinated debentures (16-1/2 percent yield to maturity) and 15-1/4 percent senior subordinated debentures, respectively. In addition, the company today entered into a new senior credit facility in connection with which the company refinanced existing outstanding senior indebtedness and the tendered securities.
 Healthtrust is one of the largest hospital management companies in the United States, operating 84 acute care hospitals with a total of 11,440 licensed beds.
 -0- 12/19/91
 /CONTACT: Glenn Davis of HealthTrust Inc., 615-383-4444/
 (HTI) CO: Healthtrust, Inc. - The Hospital Company ST: Tennessee IN: HEA SU: RCN


SM-KW -- NY078 -- 4087 12/19/91 16:36 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:205
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