Methodist Healthcare - Memphis Hospitals Announces Termination of Ten...( NEW YORK April 10 /- Methodist He...),Health

NEW YORK, April 10 /PRNewswire/ -- Methodist Healthcare -- Memphis Hospitals ("Methodist") announced today that it has terminated the previously announced tender offer for certain designated maturities of the Bonds. The tender offer was extended on March 25, 2008 and was set to expire on April 9, 2008 at 5:00 pm, New York City time. The designated maturities for which the tender offer will be terminated is applicable to the following: for the Series 1985C Bonds, the Series 1985C Bonds maturing in 2014; for the Series 1995 Bonds, all maturities; and for the Series 1998 Bonds, the Series 1998 Bonds maturing in 2011, 2012, 2013 and 2018 (the "Designated Maturities"). All tendered Bonds will be promptly returned to holders.

The table below reflects the Designated Maturities that were tendered for:

CUSIP Principal

Number Amount Outstanding Interest Rate Maturity

821692PG9 $8,005,000 5.25% August 1, 2014

821692QQ6 $6,445,000 5.50% August 1, 2012

821692QR4 $7,160,000 5.25% August 1, 2015

821692PW4 $4,265,000 5.00% April 1, 2011

821692PX2 $4,325,000 5.10% April 1, 2012

821692PY0 $4,390,000 5.375% April 1, 2013

821692PZ7 $43,085,000 5.00% April 1, 2018

Methodist is a Tennessee non-profit corporation that owns and operates four adult acute-care hospitals in the Memphis, Tennessee area (including Methodist University Hospital, South Hospital, North Hospital, and Germantown Hospital) and one pediatric acute-care hospital (Le Bonheur Children's Medical Center) with a combined licensed bed complement of 1,551 acute care beds and 44 skilled nursing beds. Methodist provides a wide range of inpatient and outpatient services. Methodist is the largest aff
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