Iasis Healthcare calls $33.85 million 8¾% senior subordinated notes

By Melissa Kory

Cleveland, May 16 - Iasis Healthcare LLC said it will redeem its $33,847,000 of 8¾% senior subordinated notes due June 15, 2014.

The notes will be redeemed on June 15 at 101.458 plus accrued interest to the redemption date.

As previously reported, investors tendered $441,153,000, or 92.87%, of the $475 million of 8¾% notes as of April 29. The tender offer began April 18 and expired 8 a.m. ET on May 16.

Bank of New York Mellon is the redemption agent.

Iasis is a Franklin, Tenn., owner and operator of medium-sized acute care hospitals.

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