Health Management Associates, Inc. (HMA) is an owner operator of general acute care hospitals in communities situated primarily in the Southeast and Southwest United States. As of December 31, 2008 HMA operated 56 hospitals in 15 states with approximately 8,000 licensed beds.
It seeks to deliver compassionate and high quality health care services that improve the quality of life for its patients, physicians, and the communities it serves.
HMA's strategy is to stabilize its operations, build a foundation for more sustainable performance, take the necessary steps to become the hospital- industry leader in quality and customer satisfaction, enhance its operational discipline to increase revenue and manage resources, rationalize our asset portfolio and deleverage its balance sheet.
The company is focused on improving three central operating areas: emergency room operations, physician recruitment and retention and market service development. The Company continues to develerage its balance sheet, having repaid approximately $651 million or 17.2% of debt since January 1, 2008. HMA is focusing on its operations, leveraging its clinical excellence, developing and maintaining strong relationships with key physicians, and focusing on quality and customer satisfaction.
With its new operational leadership, and a focus on key operating initiatives, HMA believes it has the ability to accomplish its mission, achieve its vision and increase the value of the Company.
