Investor Relations

The following is a list of frequently asked questions (FAQs). To read the answer to each question, please click on the question.

Questions:

Who is Health Management Associates, Inc?

Founded in 1977, Health Management Associates of Health Management is a premier operator of non-urban acute care hospitals throughout the United States, and primarily located in key markets in the Southeast and Southwest. HMA's mission is to deliver compassionate and high quality health care services that improve the quality of life for the patients, physicians and communities we serve. The Company has a consistent track record of transforming underutilized hospitals into profitable and superior medical centers. Health Management, by and through its subsidiaries, currently operates 55 hospitals in 15 states with approximately 8,400 licensed beds.
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Who is Health Management's stock transfer agent?

Health Management's stock transfer agent is American Stock Transfer & Trust Company. Feel free to contact their customer service department at:

American Stock Transfer & Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038

Phone: 800-937-5449

www.amstock.com

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Who do I contact if I have a change of address or lost a stock certificate?

Please contact American Stock Transfer & Trust Company at:

American Stock Transfer & Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038

Phone: 800-937-5449

www.amstock.com

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Does the company currently pay a cash dividend?

No, Health Management no longer pays a dividend.

On March 1, 2007, Health Management paid a special $10.00 per share cash dividend. Health Management’s common stock started trading on the ex-dividend basis, approximately $10.00 lower, beginning on March 2, 2007, the date after the payment date, in accordance with NYSE listing rules.

The Company's regular quarterly dividend was suspended indefinitely at that time.

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What is Health Management's business strategy?

The Company applies a proven formula for success in non-urban markets. Toward this end, Health Management seeks to:

  • Stabilize its operations in 2009
  • Build a foundation for sustainable performance in a more competitive environment
  • Implement the initiatives to lead the industry in Quality, Service and Customer Satisfaction
  • Develop, Enhance and Optimize our physician relationships through collaboration;
  • Maintain our traditional cost discipline
  • Rationalize our portfolio of hospitals
  • Invest in our core markets;
  • Develop strategic partnerships with other providers within select markets
  • De-lever the balance sheet
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What markets does Health Management serve?

Currently, the majority of Health Management's hospitals are located in the Southeast and Southwest.

Health Management has hospitals in 15 states:

Alabama
Arkansas
Florida
Georgia
Kentucky
Mississippi
Missouri
North Carolina
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Washington State
West Virginia

Click on the link below to access an interactive map of our Hospital locations:

HMA Hospital Map

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What differentiates Health Management from other hospital management organizations?

Health Management has distinguished itself as a premier, niche operator of non-urban acute care medical hospitals with a talented, long-standing management team, a commitment to delivering high quality health care to the communities we serve, and improving financial results through disciplined financial operations.

With new leadership and a new vision and strategy, we intend to further differentiate ourselves by leading the industry in quality and customer satisfaction within the next several years

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What kind of expertise does the leadership team bring to Health Management?

The management team at Health Management has more than 65 years of total health care experience.

On September 15, 2008, Gary D. Newsome was named President and Chief Executive Officer of HMA. Mr. Newsome was most recently President of hospital operations of the division of Community Health Systems, Inc. (NYSE: CYH) that includes hospitals in Illinois, New Jersey, Pennsylvania, Tennessee and West Virginia. From 1993 to 1998, he was a senior executive with Health Management. Mr. Newsome brings over 25 years of successful hospital operations experience with him to Health Management.

On January 12, 2010, Kelly E. Curry was named Health Management's Executive Vice President and Chief Administrative Officer. Mr. Curry previously served as Health Management's Chief Administrative Officer sine September 2008, and prior to that had been Health Management's Chief Operating Officer since June 1, 2007. Mr. Curry previously held positions in hospital management for seventeen years and served in leadership roles with Health Management for twelve of those years from 1982 to 1994, including seven years as the Company’s Chief Financial Officer, from 1987 to 1994.

Robert E. Farnham is the Senior Vice President - Finance. Mr. Farnham is a Certified Public Accountant, and previously served as the Company's Chief Financial Officer from March of 2001. Mr. Farnham has been with Health Management for 24 years and was previously honored by Institutional Investor Magazine as one of the nation's best CFO's.

Strengthening key support functions at Health Management is a key initiative for senior management to ensure effective leadership for the implementation of its strategy. As such, Health Management has recruited or promoted nationally recognized leaders to key positions in clinical affairs, nursing, quality, marketing and physician relations.

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Who does Health Management view as its competitors?

When Health Management established the niche of operating hospitals in non-urban communities there was little direct competition from hospitals or outpatient facilities.

Gradually, over time, Health Management's markets became more competitive as they grew, and the Company acquired hospitals in more competitive markets.

Today, Health Management has direct hospital competition in approximately 70% of its markets and some form of outpatient competition in every market.

By focusing on being the industry leader in quality and customer satisfaction, Health Management sees opportunity to differentiate itself from the competition and increase market share.

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In today's health care environment, how does Health Management plan to demonstrate sustained growth?

Health Management's long term goal to sustain growth is to focus on the delivery of high quality healthcare services, and lead the industry in quality and customer satisfaction. while maintaining fiscal discipline.

Health Management will seek to improve physician relationships through collaboration, develop strategic partnerships with other health care providers, rationalize its hospital portfolio, invest in core markets and concentrate its efforts toward improving our existing hospital operations and improving our recent acquisitions.

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How does HMA plan to increase the intrinsic value of its stock?

HMA's management maintains a strong focus on the development and implementation of plans to increase shareholder value. Such plans include:

  • Continually striving to meet or exceed the expectations of our patients, physicians and employees
  • Implementing appropriate cost controls to manage our hospitals as efficiently as possible
  • Applying our proven management strategy to improve margins at newly acquired hospitals
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