Tennessee's LifePoint to Repurchase Stocks Under Rule 10b5-1

On June 15, Brentwood, Tenn.-based LifePoint Hospitals entered into a trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, to repurchase its common stock during its blackout period, according to a LifePoint news release.

The blackout period began at the close of market on June 15 and the repurchasing will expire on Aug. 2. Under the trading plan, LifePoint does not have any discretion over purchases of common stock. The repurchases are subject to certain pricing parameters and therefore does not guarantee that repurchases will be made.

The trading plan is part of the $150 million share repurchase program LifePoint announced in Sept. 2010. The program, called the Repurchase Authorization, allows LifePoint to repurchase shares authorized under its stock repurchase program through open market purchases or privately negotiated transactions.

Read the LifePoint release on its 10b5-1 plan.

Related Articles on LifePoint Hospitals:

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Duke, LifePoint Joint Venture to Acquire North Carolina's Person Memorial Hospital

Duke, LifePoint Joint Venture Acquires Cath Labs From MedCath

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