NAPLES, Fla., Nov. 24 /PRNewswire-FirstCall/ -- Health Management Associates, Inc. announced today the successful completion of its previously announced consent solicitation to amend the indenture related to its 1.50% Convertible Senior Subordinated Notes due 2023 (CUSIP Nos. 421933AE2 and 421933AF9) (the “Notes”).
The amendment eliminates a provision in the indenture that prohibits the Company from paying cash upon conversion of the Notes if an event of default as defined in the indenture exists at the time of conversion.
Global Bondholder Services Corporation acted as Information Agent for the consent solicitation, and Merrill Lynch & Co. acted as Solicitation Agent.
HMA is the premier operator of non-urban general acute care hospitals in communities situated throughout the United States. HMA has generated 16 years of uninterrupted operating earnings growth and upon completing the previously announced transaction to acquire the 312-bed Bon Secours Venice Hospital, 212- bed Bon Secours St. Joseph’s Hospital, 133-bed Bon Secours St. Mary’s Hospital and the exchange of 76-bed Williamson Memorial Hospital for 56-bed Bartow Memorial Hospital, will operate 56 hospitals in 15 states with approximately 8,213 licensed beds.
All references to “HMA” used in this release refer to Health Management Associates, Inc. or its affiliates.
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 the Company 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.
Photo: http://www.newscom.com/cgi-bin/prnh/20030418/HMALOGOHealth Management Associates, Inc.
CONTACT: John C. Merriwether, Vice President of Financial Relations ofHealth Management Associates, Inc., +1-239-598-3104
Web site: http://www.hma-corp.com/