Health Management Associates will pay approximately $162 million to purchase a controlling interest in Bayfront Health System.
HMA (NYSE: HMA) and Bayfront executed an agreement to partner earlier this month.
The Naples-based hospital management company revealed the price for its 80 percent interest in the nonprofit St. Petersburg hospital in its year-end results released late Thursday. HMA also has said it intends to invest $100 million in the hospital during the first five years of the partnership.
The…
Health Management Associates will pay approximately $162 million to purchase a controlling interest in Bayfront Health System.
HMA (NYSE: HMA) and Bayfront executed an agreement to partner earlier this month.
The Naples-based hospital management company revealed the price for its 80 percent interest in the nonprofit St. Petersburg hospital in its year-end results released late Thursday. HMA also has said it intends to invest $100 million in the hospital during the first five years of the partnership.
The…