MIAMI--(BUSINESS WIRE)--OPKO Health, Inc. (NYSE Amex: OPK) today announced the completion of the redemption of its Series A Preferred Stock. Of the 722,700 shares of our Series Preferred Stock outstanding as of March 31, 2011, 602,758 shares were redeemed for cash of $2.50 per share plus $0.35 of accrued, unpaid dividends, and 119,942 shares were converted, prior to redemption, into shares of our Common Stock, on a one-to-one basis.
