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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 1/19/2010 in the Prospect News High Yield Daily and Prospect News Private Placement Daily.

Iasis uses cash on hand to repurchase $120 million of preferred stock

By Lisa Kerner

Charlotte, N.C., Jan. 19 - Iasis Healthcare LLC's parent company, Iasis Healthcare Corp., repurchased $120 million of outstanding preferred stock held by an investor group led by TPG, JLL Partners and Trimaran Fund Management.

The repurchase, which included accrued and outstanding dividends, was funded by excess cash on hand, according to a company news release.

Iasis is a Franklin, Tenn., owner and operator of medium-sized acute care hospitals.


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