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Home > Company Index > Health Products & Services > Hospitals > Health Management Associates, Inc.

Health Management Associates, Inc.
NYSE: HMA
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 NEWS FROM THE WIRES
Health Management profits rise 24 pct
Jul 24 2001 04:40 AM PDT

More WIRE STORIES about this company

 PROFILE
Even Ma and Pa Kettle need a little doctorin'. Health Management Associates operates more than 30 hospitals, including three psychiatric centers, in rural areas of about a dozen states, mostly in the South. Each year the company identifies and buys a handful of financially ailing hospitals that have good turnaround potential and are located in growing markets. It upgrades facilities and equipment and recruits medical specialists in order to attract business from patients who would previously have been forced to travel to receive medical treatment. The company's consolidation strategy allows Health Management Associates to save money on administrative and purchasing costs.

 COMPETITION
Community Health Systems, Inc. (CYH)
Province Healthcare Company (PRHC)
Triad Hospitals, Inc. (TRI)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 1,577.80
1-Yr. Sales Growth: 16.4%
Employees: 19,000
Revenue per employee: $83,042.11

 KEY PEOPLE
• Joseph V. Vumbacco
    CEO
• Robert E. Farnham
    CFO

 CONTACT INFO
5811 Pelican Bay Blvd., Ste. 500
Naples, FL 34108
US
Phone: 941-598-3131
Fax: 941-598-2705
Online: Web Site

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