Hedge fund Glenview Capital Management LLC confirmed its intention to vote for Community Health System’s proposal to acquire Health Management Associates.
Glenview’s support for the deal is key. Glenview owns 14.5 percent of HMA’s common stock and is the largest shareholder.
HMA’s new board of directors, which Glenview put in place, and an independent third party determined the proposal is fair and serves shareholders’ interest, leading to New York-based Glenview’s intentions to support…
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