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:
We own and operate general acute-care hospitals in partnership with mid-size communities and local hospital leaders, physicians and caregivers throughout the United States. The company was founded in 1977 to enable America’s best local health care. We provide the people, processes, capital and expertise necessary for our hospital and physician partners to fulfill their local missions of delivering superior health care services.
Today, Health Management has 71 hospitals in 15 states, with approximately 10,500 licensed beds. Last year, Health Management recruited nearly 675 physicians, setting a new milestone for the company and further expanding access to quality care in our communities.
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
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
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.
The Company applies a proven formula for success in non-urban markets. Toward this end, Health Management seeks to:
- Improve operations
- 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
- Actively pursue a strategic and disciplined acquisition strategy
Currently, the majority of Health Management's hospitals are located in the Southeast and Southwest.
Health Management has hospitals in 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:
Health Management has distinguished itself as a premier operator of acute-care medical hospitals primarily located in mid-size communities 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.
The management team at Health Management has more than 65 years of total health care experience.
Strengthening key support functions at Health Management is a key priority for senior management to execute our mission of enabling American's best local health care. As such, Health Management has recruited or promoted nationally recognized leaders to key positions in clinical affairs, nursing, quality, marketing and physician relations.
On September 15, 2008, Gary D. Newsome was named President and Chief Executive Officer of Health Management. 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 since September 2008, and prior to that had been Health Management's Chief Operating Officer since June 1, 2007.
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 since March 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 CFOs.
When Health Management established the niche of operating hospitals in non-urban communities, there was little direct competition from hospitals or outpatient facilities.
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.
Health Management's long-term goal to sustain growth is to focus on the delivery of high-quality health care services, and lead the industry in quality and customer satisfaction, while maintaining fiscal discipline.
Health Management seeks 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 existing hospital operations while proactively seeking strategic whole-hospital partnerships and acquisitions.
Health 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 Associates
- Implementing appropriate cost controls to manage our hospitals as efficiently as possible
- Applying our proven operating strategy to improve ER operations, physician recruitment and market service development
- Selectively partner with or acquire underperforming hospitals, and transform them through our operating approach and disciplined cost controls into successful regional medical centers