Healthcare Industry News: Net Health
News Release - June 1, 2006
Health Management Associates, Inc. Completes Acquisition of Gulf Coast Medical Center, Biloxi, Mississippi
NAPLES, Fla., June 1 (HSMN NewsFeed) -- Health Management Associates, Inc. (NYSE: HMA ; "HMA" or the "Company") announced today that it has acquired the 189-bed Gulf Coast Medical Center, located in Biloxi, Mississippi, from a subsidiary of TeNet Healthcare Corporation (NYSE: THC ; "Tenet"). The transaction is effective June 1, 2006.HMA believes this acquisition will improve its health care delivery system in the greater Biloxi region.
HMA owns and operates general acute care hospitals in non-urban communities located throughout the United States, and operates 62 hospitals in 16 states with approximately 8,817 licensed beds.
Certain statements contained in this release, including, without limitation, statements containing the words "believes," "anticipates," "intends," "expects," 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 revenues, 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.
Source: Health Management Associates
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