Hospital Corporation of America and Subsidiaries - Page 16

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          cash consideration was decreased by $258,805,719 to $855,164,201;           
          (b) the total liquidation value of the Preferred Stock to be                
          issued to HCAII was increased by $160 million to $460 million;              
          (c) the number of Common Stock Warrants to be issued to HCAII was           
          decreased from 18 million to 17,741,379; and (d) the amount of              
          the debt to be assumed by HealthTrust was increased by                      
          $98,805,719 to $784,805,719.  The stated purchase price remained            
          $2,099,970,000.                                                             
               The lenders also required HCA to guarantee the Guaranteed              
          Debentures pursuant to the terms of a guarantee agreement                   
          (Guarantee Agreement) that HCA executed.  The Guarantee Agreement           
          provided that the HCA guarantee would extend to debt of                     
          HealthTrust which was incurred to refinance the Guaranteed                  
          Debentures.  HCA was never called upon to make any payments                 
          pursuant to the Guarantee Agreement.                                        
               Additionally, the lenders demanded that HCA and HealthTrust            
          enter into a make well agreement (Make Well Agreement) as of                
          September 17, 1987, that HCA and HealthTrust executed.  The Make            
          Well Agreement required HCA to purchase up to 800,000 shares of             
          class A preferred stock from HealthTrust at $50 per share for an            
          aggregate investment of up to $40 million if HealthTrust's cash-            
          flow (as defined in the Make Well Agreement) for any 12-month               
          period ending on the last day of any calendar quarter was less              
          than certain specified amounts.  The number of shares required to           
          be purchased would be determined by the amount of the deficit.              




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