LifePoint investors convert $35.874 million notes to 757,482 shares

By Jennifer Chiou

New York, June 15 -LifePoint Hospitals, Inc. said holders of $35.874 million of the $185.125 million 4.25% convertible subordinated notes due 2009 issued by Historic LifePoint Hospitals, Inc. elected to convert their notes into 757,482 shares of LifePoint Hospitals' common stock prior to the June 15 redemption date.

The company will fund the redemption of all outstanding notes with partial proceeds from parent LifePoint Hospitals, Inc.'s. new $192 million senior subordinated credit agreement.

As previously announced, the notes were called at a redemption price of 102.571% of the principal amount plus accrued interest, excluding the redemption date.

The Brentwood, Tenn.-based company focuses on providing health care services in non-urban communities.

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