Community Health Systems Inc. (NYSE: CYH) has a deal to buy Health Management Associates (NYSE: HMA) for $3.9 billion in cash and stock and will assume $3.7 billion in HMA debt.
The transaction is subject to shareholder approval and expected to close by the end of the first quarter in 2014.
HMA acquired Bayfront Medical Center in St. Petersburg on April 1. Kathryn Gillette, Bayfront’s CEO, said the hospital’s operations will not be affected by the deal in the foreseeable future.
Community Health Systems Inc. (NYSE: CYH) has a deal to buy Health Management Associates (NYSE: HMA) for $3.9 billion in cash and stock and will assume $3.7 billion in HMA debt.
The transaction is subject to shareholder approval and expected to close by the end of the first quarter in 2014.
HMA acquired Bayfront Medical Center in St. Petersburg on April 1. Kathryn Gillette, Bayfront’s CEO, said the hospital’s operations will not be affected by the deal in the foreseeable future.