Sierra Health 2.25% convertible holder agrees to convert early

By Angela McDaniels

Seattle, Jan. 18 - Sierra Health Services, Inc. negotiated a deal on Wednesday with a holder of its 2.25% senior convertible debentures due 2023 under which the holder converted $21.72 million principal amount of debentures, according to an 8-K filing with the Securities and Exchange Commission.

The holder received 2,375,069 shares of Sierra Health common stock and $601,373 in cash for accrued interest.

Sierra is a Las Vegas-based managed health care organization.

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