LifePoint calls 4½% convertibles

New York, May 16 - LifePoint Hospitals, Inc. said it will redeem the $221 million principal amount of 4½% convertible subordinated notes due 2009 issued by its predecessor and subsidiary Historic LifePoint Hospitals, Inc. on June 15.

The Brentwood, Tenn., hospital operator will pay 102.571% of par plus accrued interest up to but excluding the redemption date.

Holders can convert the notes into stock at a price of $47.36. LifePoint stock closed at $42.25 Friday.

LifePoint said it will fund the redemption with cash on hand, borrowings under its revolving credit facility or with a new financing.

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