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StumbleBrief: LV hospital owner buys back stock
Wednesday, Oct. 28, 1998 | 4:12 a.m.
The buyback is worth $60 million, based on Quorum's Tuesday closing share price of $11.18 3/4 .
Quorum owns Desert Springs Hospital in Las Vegas.
The buyback, which will take place over an unspecified time, will increase earnings per share by reducing shares outstanding. Quorum has 75.7 million shares outstanding. The company recently completed a 3-million share buyback announced in August.
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