Investigation Overview
June 18, 2013 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold NYSE:HMA shares, was announced concerning whether a takeover of Health Management Associates Inc would be unfair to investors in NYSE:HMA shares.
The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to Health Management Associates investors.
On June 11, 2013, a media report stated that Health Management Associates Inc is a subject of merger speculation.
However the investigation a law firm concerns whether the Health Management Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.
Health Management Associates Inc reported that its annual Total Revenue rose from over $4.46 billion in 2010 to over $5.8 billion in 2012 and that its respective Net Income rose from $150.07 million to $164.27 million.
Shares of Health Management Associates Inc (NYSE:HMA) grew from $1.59 in 2009 to as high as $16.36 on June 14, 2013.
On June 17, 2013, NYSE:HMA shares closed at $16.06 per share.