LifePoint increases payment in tender for Province's 4¼% convertibles

New York, April 1- LifePoint Hospitals, Inc. said it has increased the payment on offer in its cash tender offer for Province Healthcare Co.'s $172.5 million principal amount of 4¼% convertible subordinated notes due 2008.

LifePoint is now offering $1,070 per $1,000 principal amount of the convertibles plus accrued interest up to but excluding the date of payment. The figure is increased from $1,060 previously.

As announced on March 18, the Brentwood, Tenn., hospital operator is making the offer as part of its merger with Province, also a Brentwood, Tenn., hospital operator.

Expiration of the tender is midnight ET on April 14.

The tender is subject to conditions including the satisfaction or waiver of all requirements for the merger to go ahead.

Citigroup Global Markets Inc. is dealer manager and solicitation agent (contact Liability Management Group at 877 531-8365). Global Bondholder Services Corp. is the information agent (866 804-2200 or call collect 212 430-3774).

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