Per-Se Technologies (Nasdaq: PSTI) has commenced a cash tender offer for its $160 million outstanding Series B (9.5 percent) senior notes due Feb. 15, 2005.

The tender offer expires at 5 p.m. on Wednesday, Sept. 10.

Those holders who validly tender their senior notes on or before 5 p.m. Aug. 25, will receive the current redemption price of the notes of 102.375 percent of the principal amount plus a premium of .25 percent of the principal amount of the notes tendered.

Those holders who validly tender their notes between Aug. 25 and Sept. 10 will receive the current redemption price of 102.375 percent of the principal amount of the notes.

Per-Se: www.per-se.com