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twitterVegas firm buying back shares
Tuesday, Jan. 7, 2003 | 11:09 a.m.
Sierra Health Services Inc. of Las Vegas, the largest health insurer in Nevada, today announced a share repurchase program under which up to 2 million shares of the company's common stock may be repurchased.
Sierra said that in order to increase its financial flexibility and to facilitate the share repurchase program, Sierra's syndicate of banks amended its credit agreement to allow for such repurchases.
Sierra has about 29.5 million shares of common stock outstanding. The stock advanced 27 cents or 2 percent this morning to $13.18. The stock is well off its 52-week high of $24.45.
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