NAPLES, Fla.--(BUSINESS WIRE)--Dec. 3, 2012--
Health Management Associates, Inc. (NYSE: HMA) today commented on
a report regarding the company on the television program 60 Minutes.
According to their report, 60 Minutes conducted more than a year
of research and found no issues with the quality of care at Health
Management hospitals, stating on the broadcast that "hardly anyone we
talked to complained about the quality of care at HMA hospitals."
It was also notable that 60 Minutes failed to identify a single
patient who had been inappropriately admitted from any of the company’s
emergency rooms, including by the physicians interviewed.
Neither 60 Minutes nor the physicians interviewed identified any
admission decision in which a physician's medical judgment was
overridden by an HMA executive, much less to defraud Medicare.
60 Minutes did not in any way dispute the admissions data it was
provided by Health Management over the last several months. That data
demonstrated that admissions rates from the company’s emergency rooms
were in-line with national norms and consistent over a several year
Instead, 60 Minutes relied entirely on disgruntled former
employees of the company and former contracted physicians, several of
whom are seeking financial gain through active litigation with Health
On November 30, 2012, just after being notified that 60 Minutes
was moving forward with its broadcast, Health Management held a
conference call in which it provided key data about admissions from its
emergency rooms. The information presented on the call, and additional
information added since the program’s airing, are instructive about the 60
Minutes segment and available for viewing on the Investor Relations
section of HMA.com.
Health Management enables America’s best local health care by providing
the people, processes, capital and expertise necessary for its hospital
and physician partners to fulfill their local missions of delivering
superior health care services. Health Management, through its
subsidiaries, operates 70 hospitals with approximately 10,500 licensed
beds in non-urban communities located throughout the United States.
All references to “Health Management,” “HMA” or the “Company” used in
this release refer to Health Management Associates, Inc. and its
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and
assumptions and are identified by words such as "expects," "estimates,"
"projects," "anticipates," "believes," “intends,” "plans," “may,”
“continues,” “should,” "could" and other similar words. All statements
addressing operating performance, events or developments that Health
Management Associates, Inc. expects or anticipates will occur in the
future, including but not limited to incurrence of indebtedness,
projections of revenue, income or loss, capital expenditures, earnings
per share, debt structure, the provision for doubtful accounts, capital
structure, repayment of indebtedness, the amount and timing of funds
under the meaningful use measurement standard of various HCIT incentive
programs, other financial items and operating statistics, statements
regarding the plans and objectives of management for future operations,
innovations, or market service development, statements regarding
acquisitions, joint ventures, divestitures and other proposed or
contemplated transactions (including but not limited to statements
regarding the potential for future acquisitions and perceived benefits
of acquisitions), statements of future economic performance, statements
regarding legal proceedings and other loss contingencies, statements
regarding market risk exposures, statements regarding the effects and/or
interpretations of recently enacted or future health care laws and
regulations, statements of the assumptions underlying or relating to any
of the foregoing statements, and other statements which are other than
statements of historical fact, are considered to be "forward-looking
Because they are forward-looking, such statements should be evaluated in
light of important risk factors and uncertainties. These risk factors
and uncertainties are more fully described in Health Management
Associates, Inc.'s most recent Annual Report on Form 10-K, and Quarterly
Report on Form 10-Q for the quarterly period ended June 30, 2012,
including under the heading entitled "Risk Factors." Should one or more
of these risks or uncertainties materialize, or should any of Health
Management Associates, Inc.'s underlying assumptions prove incorrect,
actual results could vary materially from those currently anticipated.
In addition, undue reliance should not be placed on Health Management
Associates, Inc.'s forward-looking statements. Except as required by
law, Health Management Associates, Inc. disclaims any obligation to
update its risk factors or to publicly announce updates to the
forward-looking statements contained in this press release to reflect
new information, future events or other developments.
Source: Health Management Associates, Inc.
Health Management Associates, Inc.
John C. Merriwether, 239-598-3131
President of Financial Relations