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Pursuant to the Offer, Methodist would like the holders of these Bonds totender their Bonds in return for a premium price. The Tender Price for thedifferent maturities of each Series is contained in the Offer. The Series1985C Bonds and Series 1995 Bonds are currently callable and the Series 1998Bonds are callable beginning April 1, 2008. The Tender Price, subject to theterms and conditions of the tender offer, is one percent (1%) higher than theredemption price Methodist would need to pay if it were to redeem the Bonds atthis time (or on April 1, 2008 in the case of the Series 1998 Bonds).
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The Offer will expire at 5:00 P.M., New York City time, on October 10,2007, unless earlier terminated or extended by Methodist in its solediscretion.
Methodist is a Tennessee non-profit corporation that owns and operatesfour adult acute-care hospitals in the Memphis, Tennessee area (includingMethodist University Hospital, South Hospital, North Hospital, and GermantownHospital) and one pediatric acute-care hospital (Le Bonheur Children's MedicalCenter) with a combined licensed bed complement of 1,551 acute care beds and44 skilled nursing beds. Methodist provides a wide range of inpatient andoutpatient services. Methodist is the largest affiliate of Methodist LeBonheur Healthcare ("MLH"), a Tennessee non-profit corporation established forthe primary purpose of supporting and extending the health and welfareministries of the Memphis, Arkansas and Mississippi Annual Conferences of TheUnited Methodist Church. MLH is a health care delivery system which includestertiary care, sub-acute care, hospice care, primary and specialty physicianservices and other health care services. MLH provides healthcare services tothe residents of Memphis and portions of western Tennessee, eastern Arkansasand north Mississippi.
J.P. Morgan Securities Inc. is acting as Dealer Manager for the Offer.This communication is for informational purposes only and does not constitutean offer or solicitation to purchase any of the Bonds or as an officialconfirmation of any transaction. The Offer is made only pursuant to thetender offer documents which may be obtained from D.F. King & Co., Inc., whichis serving as Information Agent, at (800) 949-2583.
Forward-Looking Statements
This press release contains "forward-looking statements" including, butnot limited to, statements regarding Methodist's plans, intentions andexpectations. Such statements are inherently subject to a variety of risksand uncertainties that could cause actual results to differ materially fromthose projected. Methodist undertakes no obligation to publicly release anyrevisions to these forward-looking statements to reflect events orcircumstances after the date hereof or to reflect the occurrence ofunanticipated events. Given these concerns, investors and analysts should notplace undue reliance on forward-looking statements.
SOURCE Methodist Hospitals
