Take Over By Community Health Approved By Health Management Associates ShareholdersThe Wall Street Journal: Health Management Shareholders Approve Takeover By Community Health
Health Management Associates Inc. shareholders voted to approve the hospital operator's $3.9 billion takeover by Community Health Systems Inc., overcoming opposition from some investors. The pact, which is expected to be completed by the end of the month, would create the largest U.S. hospital company by number of hospitals and No. 2 by revenue (Pollock and Stynes, 1/8). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.