Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 13 — SUBSEQUENT EVENTS

On August 1, 2011, we issued $5.000 billion aggregate principal amount of notes, comprised of $3.000 billion of 61/2% senior secured first lien notes due 2020 and $2.000 billion of 71/2% senior unsecured notes due 2022. After the payment of related fees and expenses, we intend to use the net proceeds from these debt issuances to redeem all of our outstanding $1.578 billion 95/8%/103/8% second lien toggle notes due 2016 and all of our outstanding $3.200 billion 91/4% second lien notes due 2016. The pretax debt retirement charge related to these redemptions is expected to be approximately $396 million.

On August 2, 2011, we entered into a definitive Membership Interest Purchase Agreement with The Colorado Health Foundation for the purchase (or redemption) of the Foundation’s remaining ownership interest in HCA-HealthONE LLC for $1.45 billion. Subject to regulatory review, the transaction is expected to close in the third quarter of 2011. We intend to fund the purchase price at the closing of the acquisition through amounts available under our revolving credit facility.