A Medical Device Daily

HCA (Nashville, Tennessee) reported the final results for its debt tender offer to buy up to $500 million of its debt securities. The offer expired at midnight, EST, on Thursday.

Based on the aggregate principal amount of securities tendered, HCA said it would buy: $200 million aggregate principal amount of the 8.750% notes due 2010 validly tendered and not validly withdrawn, which represents a pro-ration factor of about 61.9%; $202,499,000 aggregate principal amount of the 7.875% notes due 2011 validly tendered and not validly withdrawn, which represents a pro-ration factor of roughly 80%; and $97,501,000 aggregate principal amount of the 6.950% notes due 2012 validly tendered and not validly withdrawn, which represents a pro-ration factor of about 80%. The applicable total consideration or tender offer consideration for the securities accepted for purchase, as the case may be, plus accrued and unpaid interest is expected to be paid by HCA in accordance with the terms of the tender offer. Notes that have been tendered but not accepted will be promptly returned to the tendering parties, the company said.

Citi served as dealer manager for the tender offer. Global Bondholders Services served as the information agent and depositary.

HCA operates 169 hospitals and 108 freestanding surgery centers in 20 states and the UK and has about 186,000 employees. For the year ended Dec. 31, 2007, the company generated revenues of $26.858 billion and net income of $874 million.