NAPLES, Fla.--(BUSINESS WIRE)-- Health Management Associates, Inc. (NYSE:HMA) today announced that it has been chosen by Integris Health, Inc. to negotiate exclusively toward a definitive agreement to joint venture five Oklahoma hospitals.
The Oklahoma hospitals to be joint ventured include: Integris Blackwell Regional Hospital, located in Blackwell; Integris Clinton Regional Hospital, located in Clinton; Integris Marshall County Medical Center, located in Madill; Integris Mayes County Medical Center, located in Pryor; and Integris Seminole Medical Center, located in Seminole. Combined, these five hospitals generated approximately $95 million of revenue over the last twelve months.
“We are extremely pleased to have been chosen by Integris Health from among multiple bidders to continue our negotiations on an exclusive basis to seek to execute a definitive agreement for the joint venture of these outstanding hospitals,” said Gary D. Newsome, President and Chief Executive Officer of Health Management. “The dedication to delivering high quality care to the communities served by the physicians, medical professionals and hospital staffs of these five hospitals has been evident throughout our initial discussions. We look forward to the next step - the negotiation and signing of a binding definitive agreement that will allow us to partner with the state’s largest Oklahoma-owned health care corporation to enable America’s best local health care throughout Oklahoma.”
Health Management enables America's best local health care by providing the people, processes, capital and expertise necessary for its hospital and physician partners to fulfill their local missions of delivering superior health care services. Health Management, through its subsidiaries, operates 66 hospitals, with approximately 10,400 licensed beds, in non-urban communities located throughout the United States.
All references to "Health Management," "HMA" or the "Company" used in this release refer to Health Management Associates, Inc. and its affiliates.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “plans,” “could,” “seek” and other similar words. All statements addressing operating performance, events or developments that Health Management Associates, Inc. expects or anticipates will occur in the future, including but not limited to projections of revenue, income or loss, capital expenditures, earnings per share, debt structure, bad debt expense, capital structure, repayment of indebtedness, other financial items and operating statistics, statements regarding the plans and objectives of management for future operations, innovations, or market service development, statements regarding acquisitions, joint ventures, divestitures and other proposed or contemplated transactions (including but not limited to statements regarding the potential for future acquisitions and perceived benefits of acquisitions), statements of future economic performance, statements regarding the effects and/or interpretations of recently enacted or future health care laws and regulations, statements of the assumptions underlying or relating to any of the foregoing statements, and other statements which are other than statements of historical fact, are considered to be “forward-looking statements."
Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Health Management Associates, Inc.’s most recent Annual Report on Form 10-K, under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of Health Management Associates, Inc.'s underlying assumptions prove incorrect, actual results could vary materially from those currently anticipated. In addition, undue reliance should not be placed on Health Management Associates, Inc.'s forward-looking statements. Except as required by law, Health Management Associates, Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.
Health Management Associates, Inc.
John C. Merriwether, 239-598-3131
Vice President of Financial Relations
KEYWORDS: United States North America Florida Oklahoma
INDUSTRY KEYWORDS: Practice Management Health Hospitals Other Health Nursing General Health Managed Care