Health Management Associates, Inc. Completes Sale of Two Psychiatric Hospitals
Posted on: Tuesday, 5 September 2006, 06:00 CDT
NAPLES, Fla., Sept. 5 /PRNewswire-FirstCall/ -- Health Management Associates, Inc. ("HMA" or the "Company") announced today that it has completed the sale of two psychiatric hospitals to Psychiatric Solutions, Inc. . The purchased assets include real property related to an inpatient psychiatric facility located in Lakeland, Florida that has been closed since December 31, 2000. This transaction is effective September 1, 2006. HMA expects to use the proceeds of the sale for general corporate purposes.
The hospitals are: - SandyPines, Tequesta, Florida - 80 beds - University Behavioral Center, Orlando, Florida - 104 beds
HMA owns and operates general acute care hospitals in non-urban communities located throughout the United States. Upon completion of a pending transaction to sell the 125-bed Southwest Regional Medical Center, the 103-bed Summit Medical Center, and the 76-bed Williamson Memorial Hospital, HMA will operate 57 hospitals in 14 states with approximately 8,329 licensed beds.
All references to "HMA" or the "Company" used in this release refer to Health Management Associates, Inc. or its affiliates.
Certain statements contained in this release, including, without limitation, statements containing the words "believes,""anticipates,""intends,""expects,""optimistic," and words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may include projections of revenue, income or loss, capital expenditures, capital structure, or other financial items, statements regarding the plans and objectives of management for future operations, statements of future economic performance, statements of the assumptions underlying or relating to any of the foregoing statements, and other statements which are other than statements of historical fact.
Statements made throughout this release are based on current estimates of future events, and HMA has no obligation to update or correct these estimates. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially as a result of these various factors.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030418/HMALOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com
Health Management Associates, Inc.
CONTACT: John C. Merriwether, Vice President of Financial Relations ofHealth Management Associates, Inc., +1-239-598-3104
Web site: http://www.hma-corp.com/
Source: PRNewswire-FirstCall
Related Articles
- BayCare Receives Transformational Leadership Award from CHIME and American Hospital Association
- Darwin's Kim Lloyd to Speak on Panel at American Hospital Association Solutions Roundtable, June 3, 2009
- Plexus Consulting Group Works With a USAID-Funded Project to Help the Private Hospitals Association of Jordan Create a Roadmap for the Future
- Quantros, Inc. Publishes Pay for Performance Monograph With American Hospital Association
- American Hospital Association Endorses SIS Surgical Scheduling
- nTelagent Self-Pay Management Solution Endorsed By Mississippi Hospital Association for Help With Up-Front Cash Flow, Receivables and Overall Profitability
- Carefx Awarded American Hospital Association Endorsement
- Government Employees Hospital Association, Inc. (GEHA) Renews Pharmacy Benefit Contract With Medco
- Statement From Ken Robbins, President, Illinois Hospital Association RE: Governor's All Kids Health Insurance Proposal
- ProfitLine's Telecom Expense Management Solutions Endorsed By the American Hospital Association
 |
 |
User Comments (0)
RSS Feeds