Community Health Systems To Shell Out $3.9B For HMA

Law360, New York (July 30, 2013, 12:49 PM EDT) -- Community Health Systems said Tuesday that it will buy regulatory probe target Health Management Associates for $3.9 billion, a deal the hospital operators said creates a combined company with a broader geographic reach that is better prepared for health care reform.

The cash-and-stock deal evolved from HMA's strategic review launched at the end of 2012 and comes as the company adds another set of subpoenas to its running tally of investigations, according to regulatory filings. The Florida company said Tuesday that it was recently issued subpoenas...
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