LifePoint buys $172 million of Province's 4¼% convertibles

New York, April 15 - LifePoint Hospitals, Inc. said it bought $172 million principal amount of Province Healthcare Co.'s $172.5 million principal amount of 4¼% convertible subordinated notes due 2008 that were tendered in its offer to buy the securities.

The offer expired at midnight ET on April 14. LifePoint also completed its acquisition of Province.

Following an increase announced on April 1, LifePoint was offering $1,070 per $1,000 principal amount of the convertibles plus accrued interest up to but excluding the date of payment. The figure was raised 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.

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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