Health Management Associates Chosen by Catholic Health Partners to Negotiate Exclusively for a Definitive Agreement (HMA)

Health Management Associates, Inc. HMA today announced that it has been chosen by Catholic Health Partners to negotiate exclusively toward a definitive agreement to acquire seven East Tennessee hospitals from its subsidiary, Mercy Health Partners - Tennessee. “We are very pleased to have been chosen by Catholic Health Partners from among multiple bidders to continue our negotiations on an exclusive basis to seek to execute a definitive agreement for the acquisition of these outstanding hospitals,” said Gary D. Newsome, President and Chief Executive Officer of Health Management. “Throughout this process, we have been very impressed with the commitment to high quality care being delivered by the physicians, medical professionals and hospital staffs in their respective communities. We look forward to the next step in this process - the negotiation of a binding agreement that will allow us the opportunity to enable America's best local health care in the East Tennessee region.”