NEW YORK, Aug. 9, 2013
/PRNewswire/ -- Glenview Capital Management LLC, which owns
14.6% of the common stock of Health Management Associates, Inc.
(NYSE: HMA) through affiliated investment funds, today confirmed
that Institutional Shareholder Services Inc. ("ISS") has issued a
comprehensive report supporting every element of Glenview's consent
solicitation to replace and refresh the Sitting Board of HMA. In a
statement, Glenview said:
"We are grateful for the amount of study and analysis performed
by ISS in considering the eight nominees of the Fresh Alternative
Board. We appreciate that ISS is part of the broad and
growing chorus of voices calling for complete change at HMA, and we
believe ISS's conclusions reflect not only HMA's historical
shortcomings but more importantly reflect the skill, sincerity,
preparation and thoughtful approach of the eight nominees.
Ultimately the consent solicitation will be decided by HMA
Shareholders, and we urge them to vote promptly to Revitalize
HMA."
For more information on how to consent to empower the Fresh
Alternative Board to begin their important work, HMA shareholders
should contact Okapi Partners LLC at (212) 297-0720 or toll free at
(877) 869-0171.
About Glenview Capital
Management
Glenview Capital Management is a private investment management firm
with more than $6 billion of assets
under management. The firm was founded in 2000 and manages
capital for qualified investors through a series of private
investment funds, and has offices in New
York and London. Glenview is focused on delivering
attractive absolute returns through an intense focus on deep,
fundamental research and individual security selection.
For More Information go to www.revitalizehma.com or contact:
Media:
Scott Tagliarino/Katrina
Allen
ASC Advisors LLC
(203) 992-1230
Investors:
Bruce Goldfarb/ Patrick McHugh/ Lydia
Mulyk
Okapi Partners LLC
(212) 297-0720
Toll Free: (877) 869-0171
GLENVIEW CAPITAL PARTNERS, L.P., GLENVIEW CAPITAL MASTER FUND,
LTD., GLENVIEW INSTITUTIONAL PARTNERS, L.P., GLENVIEW OFFSHORE
OPPORTUNITY MASTER FUND, LTD., GLENVIEW CAPITAL OPPORTUNITY FUND,
L.P., GLENVIEW CAPITAL MANAGEMENT, LLC AND LARRY ROBBINS
(COLLECTIVELY, "GLENVIEW") INTEND TO FILE WITH THE SECURITIES AND
EXCHANGE COMMISSION (THE "SEC") A DEFINITIVE CONSENT STATEMENT AND
ACCOMPANYING CONSENT CARD TO BE USED TO SOLICIT WRITTEN CONSENTS
FROM THE STOCKHOLDERS OF HEALTH MANAGEMENT ASSOCIATES, INC. ("HMA"
OR "THE COMPANY") IN CONNECTION WITH GLENVIEW'S INTENT TO TAKE
CORPORATE ACTION BY WRITTEN CONSENT. ALL STOCKHOLDERS OF THE
COMPANY ARE ADVISED TO READ THE DEFINITIVE CONSENT STATEMENT
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF WRITTEN CONSENTS
FROM THE STOCKHOLDERS OF THE COMPANY, BY GLENVIEW AND OTHER
PARTICIPANTS IN SUCH SOLICITATION (COLLECTIVELY, THE
"PARTICIPANTS") WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. INFORMATION RELATING TO THE
PARTICIPANTS IS CONTAINED IN THE PRELIMINARY CONSENT STATEMENT
FILED ON JULY 5, 2013 WITH THE SEC
AND IS AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
HTTP://WWW.SEC.GOV. WHEN COMPLETED, THE DEFINITIVE CONSENT
STATEMENT AND FORM OF WRITTEN CONSENT WILL BE FURNISHED TO SOME OR
ALL OF THE STOCKHOLDERS OF THE COMPANY AND WILL, ALONG WITH OTHER
RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE
AT HTTP://WWW.SEC.GOV. IN ADDITION, GLENVIEW WILL PROVIDE
COPIES OF THE DEFINITIVE CONSENT STATEMENT AND ACCOMPANYING CONSENT
CARD (WHEN AVAILABLE) WITHOUT CHARGE UPON REQUEST TO OKAPI PARTNERS
LLC, TELEPHONE: (877) 869-0171.
Cautionary Statement Regarding Forward-Looking
Statements
This presentation may include "forward-looking statements" that
reflect current views of future events. Statements that
include the words "expect," "intend," "plan," "believe," "project,"
"anticipate," "will," "may," "would" and similar statements of a
future or forward-looking nature are often used to identify
forward-looking statements. Similarly, statements that
describe our objectives, plans or goals are forward-looking.
Glenview's forward-looking statements are based on its current
intent, belief, expectations, estimates and projections regarding
the Company and projections regarding the industry in which it
operates. These statements are not guarantees of future performance
and involve risks, uncertainties, assumptions and other factors
that are difficult to predict and that could cause actual results
to differ materially. Accordingly, you should not rely upon
forward-looking statements as a prediction of actual results and
actual results may vary materially from what is expressed in or
indicated by the forward-looking statements. Except to the
extent required by applicable law, no person undertakes any
obligation to update publicly or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
SOURCE Glenview Capital Management LLC