Acquisitions
Health Management has a strategic focus of maintaining its flexibility to adapt to the changing health care landscape. Acquisitions are an important component of Health Management’s long term growth strategy, however, in the short term, it is management's belief that unlocking value from our existing family of hospitals is a better use of resources than acquisitions.
We believe acquisitions will continue to be a part of the Health Management's long
term growth strategy, and as economic conditions improve, we will begin
the strategic process of acquiring underperforming hospitals and
transform them into thriving regional medical centers.
Refocusing on core hospitals
For the most recent 12 month period, Health Management has focused its efforts on improving its core operations and strategically evaluating our existing hospital base to determine which facilities continued to meet our criteria and which facilities no longer fit. As such, during 2008 we sold our Little Rock, Arkansas facility, which allowed management to focus its resources and energy on our core hospitals.
As of October 1, 2009, Health Management , by and through its subsidiaries, owns and operates 54 hospitals in 15 states with approximately 8,000 licensed beds.