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Iasis Healthcare to tender for 8½% and 13% notes
New York, May 5 - Iasis Healthcare Corp. (B3/B-) said that it plans to begin a tender offer and related consent solicitation for all of its $100 million principal amount of outstanding 8½% senior subordinated notes due 2009 and all of its $230 million principal amount of outstanding 13% senior subordinated notes due 2009.
Iasis, a Franklin, Tenn.-based owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets, said that the tender offer would be undertaken in connection with the planned $1.4 billion acquisition of Iasis by an investor group led by Texas Pacific Group, a private equity firm.
Iasis did not offer any further details about the planned tender offer and consent solicitation but said that such details will be set forth in tender offer documents that will be furnished shortly to the holders of the 8½% and 13% notes.
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