Health Management Board Hires Advisers to Review Takeover
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Health Management Associates Inc.’s new board of directors hired financial advisers to evaluate the $3.9 billion takeover bid made by Community Health Systems, the second-largest U.S. hospital chain.
The evaluation is consistent with terms of the acquisition agreement announced July 30, Health Management said in a statement today. The cash and stock deal is expected to close by the end of the first quarter next year, the Naples, Florida-based company said in its statement.