Health Management Associates, Inc. (NYSE:HMA) becomes second largest for profit hospital
The shares of Health Management Associates, Incorporation (NYSE:HMA) was closed at $16.75 after reaching the intra-day high of $17.06 and an intra-day low of $15.45. On Tuesday, the price of the share increased by the percentage of 8.27 and closed at $15.57. The 12-month high price and low price are $17.06 and $6.27 respectively. The market capitalization of Health Management Associates is $4.34 billion with the total outstanding shares of 259.33 million. During yesterday, the intraday volume of trading was 15.19 million with the average volume of trading heading up to 7.36 million. A contribution of 99% of the total outstanding shares was recorded by the institutional owners.
Health Management Associates is operating through the subsidiaries in order to provide the facilities of various kinds to the sectors including health care and acute care hospitals. The company has operated a total of 70 hospitals consisting of 10, 562 licensed beds during last December. Some of the services provided by the company include radiology, obstetrics, pediatric, surgery, diagnostic, oncology, coronary, internal medicine and emergency care. On May 2012, the agreement which was there for the total of 25 beds in St. Mary’s Medical Center of Scott County in Oneida, Tennessee was expired.
On Tuesday, the value of Health Management Associates crossed $4.3 billion as a result in the 8.3% increase in the share values of Naples, Florida-based Health Management in the New York stock exchange to the price of $16.75. Health Management Associates will turn to be the second largest for-profit hospital operator in the United States along with the other health care service providers by producing total revenue of $15 billion which was reported in the year 2012. Last month, the company announced that it has hired both the Morgan Stanley as well as Weil, Gotshal & Manges law firm as a response to Glenview’s campaign.