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Health Management Associates under SEC scrutiny

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Health Management Associates, the Naples company that recently acquired Bayfront Medical Center, is under scrutiny by the U.S. Securities and Exchange Commission. HMA (NYSE: HMA) revealed in its first quarter report that it received a subpoena on April 25 from the SEC for various financial documents. Subpoenaed records include documents related to payments from Medicare and Medicaid, accounts receivable and billing write-downs. The SEC also wants data on HMA revenue from privately insured or uninsured…

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