Kinetic Concepts buys back $16.3 million 7 3/8% notes

By Laura Lutz

Des Moines, Aug. 9 - Kinetic Concepts, Inc. repurchased $16.3 million principal amount of its 7 3/8% senior subordinated notes due 2013 on Aug. 2, according to a 10-Q filing with the Securities and Exchange Commission.

The company paid a market price of $16.8 million for the notes.

After the repurchase, $68.1 million of the notes remained outstanding.

San Antonio, Texas-based Kinetic Concepts is a medical technology company.

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