The following is a list of frequently asked questions (FAQs). To read the answer to each question, please click on the question.
|What is Health Management's Mission?|
|What is Health Management's Vision?|
|What is Health Management?|
|Where is Health Management stock listed?|
|Who is Health Management's stock transfer agent?|
|Who do I contact if I have a change of address or lost a stock certificate?|
|Does the company currently pay a cash dividend?|
|What is Health Management's business strategy?|
|What markets does Health Management serve?|
|What are Health Management's hospital acquisition criteria?|
|What differentiates Health Management from other hospital management organizations?|
|What kind of expertise does the management team bring to Health Management?|
|Who does Health Management view as its competitors?|
|In today's healthcare environment, how does Health Management plan to demonstrate sustained growth?|
|How does Health Management plan to increase the intrinsic value of its stock?|
|1.||What is Health Management's Mission?|
|A:||Health Management's mission is to enable America's best local health care. Health Management Associates provides the people, processes, capital and expertise necessary for our hospital and physician partners to fulfill their local missions of delivering superior health care services.|
|2.||What is Health Management's Vision?|
|A:||HMA's vision is to:|
Lead the Hospital Industry in Quality
|3.||What is Health Management?|
|A:||Founded in 1977, Health Management is a premier operator of non-urban acute care hospitals throughout the United States, and primarily located in key markets in the Southeast. Health Management's mission is is to enable America's best local health care. The Company has a consistent track record of transforming underutilized hospitals into superior medical centers. Health Management, through its subsidiaries, currently operates 71 hospitals in 15 states with approximately 10,300 licensed beds.
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|4.||Where is Health Management stock listed?|
|A:||Health Management Associates, Inc. stock is listed on the New York Stock Exchange and can be found under the ticker symbol "HMA".
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|5.||Who is Health Management's stock transfer agent?|
|A:||Health Management's stock transfer agent is American Stock Transfer & Trust Company. Feel free to contact their customer service department at:
American Stock Transfer & Trust Company
|6.||Who do I contact if I have a change of address or lost a stock certificate?|
|A:||Please contact American Stock Transfer & Trust Company at: |
American Stock Transfer & Trust Company
|7.||Does the company currently pay a cash dividend?|
|A:||No, Health Management no longer pays a dividend.|
On March 1, 2007, Health Management paid a special $10.00 per share cash dividend. Health Management’s common stock started trading on the ex-dividend basis, approximately $10.00 lower, beginning on March 2, 2007, the date after the payment date, in accordance with NYSE listing rules.
The Company's regular quarterly dividend was suspended indefinitely at that time..
|8.||What is Health Management's business strategy?|
|A:||The Company applies a proven formula for success in non-urban markets. Toward this end, Health Management seeks to:
|9.||What markets does Health Management serve?|
|A:||Currently, the majority of Health Management's hospitals are located in the Southeast and Southwest.|
Health Management has hospitals in 15 states:
Click on the link below to access an interactive map of our Hospital locations:Back to Top
|10.||What are Health Management's hospital acquisition criteria?|
|A:||The acquisition candidates must meet the following criteria:
|11.||What differentiates Health Management from other hospital management organizations?|
|A:||Health Management has distinguished itself as a premier, niche operator of non-urban acute care medical hospitals with a talented, long-standing management team, a commitment to delivering high quality health care to the communities we serve, and improving financial results through disciplined financial operations.|
Health Management is implementing an operational strategy focused on improving emergency room operations, physician recruitment and market service development
With 34 years of acquisition experience, proven infrastructure and proprietary systems, flexible partnership and ownership models, access to capital and a focus on quality and a patient-centered culture, Health Management is the pure-play acquiror of choice for non-urban hospitals.
|12.||What kind of expertise does the management team bring to Health Management?|
|A:||The management team at Health Management has worked together for several years, with each executive having more 20 years of health care experience.|
On September 15, 2008, Gary D. Newsome was named President and Chief Executive Officer of Health Management. Mr. Newsome was most recently President of hospital operations of the division of Community Health Systems, Inc. (NYSE: CYH) that includes hospitals in Illinois, New Jersey, Pennsylvania, Tennessee and West Virginia. From 1993 to 1998, he was a senior executive with Health Management. Mr. Newsome brings over 25 years of successful hospital operations experience with him to Health Management.
On January 12, 2010, Kelly E. Curry was named Health Management's Executive Vice President and Chief Administrative Officer. Mr. Curry previously served as Health Management's Chief Administrative Officer sine September 2008, and prior to that had been Health Management's Chief Operating Officer since June 1, 2007. Mr. Curry previously held positions in hospital management for seventeen years and served in leadership roles with Health Management for twelve of those years from 1982 to 1994, including seven years as the Company’s Chief Financial Officer, from 1987 to 1994.
Robert E. Farnham is the Senior Vice President - Finance. Mr. Farnham is a Certified Public Accountant, and previously served as the Company's Chief Financial Officer from March of 2001. Mr. Farnham has been with Health Management for 24 years and was previously honored by Institutional Investor Magazine as one of the nation's best CFO's.
Strengthening key support functions at Health Management was a key initiative for senior management to ensure effective leadership for the implementation of its strategy. As such, Health Management has recruited or promoted nationally recognized leaders to key positions in clinical affairs, nursing, quality, and physician relations.
|13.||Who does Health Management view as its competitors?|
|A:||When Health Management established the niche of operating hospitals in non-urban communities there was little direct competition from hosptals or outpatient facilities.|
Gradually, over time, Health Management's markets became more competitive as they grew, and the Company acquired hospitals in more competiive markets.
Today, Health Managementhas direct hospital competion in approximately 60-70% of its markets and some form of outpatient competition in every market.
By focusing on being the industry leader in quality and customer satisfaction, Health Management sees opportunity to differentiate itself from the competition and increase market share.
|14.||In today's healthcare environment, how does Health Management plan to demonstrate sustained growth?|
|A:||Health Management's long term goal to sustain growth is to focus on the delivery of high quality healthcare services, and lead the industry in quality and customer satisfaction. while maintaining fiscal discipline.|
Health Management will seek to improve physician relationships through collaboration, develop strategic partnerships with other health care providers, rationalize its hospital portfolio, invest in core markets and concentrate its efforts toward improving our existing hospital operations while proactively seeking strategic whole-hospital partnerships and acquisitions. Back to Top
|15.||How does Health Management plan to increase the intrinsic value of its stock?|
|A:||Health Management's management maintains a strong focus on the development and implementation of plans to increase shareholder value. Such plans include:|