Health Management Associates Previews Fourth Quarter and Year-End 2010 Results

NAPLES, Fla.--(BUSINESS WIRE)-- Health Management Associates, Inc. HMA announced today its expected results of operations for the fourth quarter and year ended December 31, 2010. From continuing operations for the fourth quarter, Health Management expects to report net revenue of approximately $1.35 billion, provision for doubtful accounts as a percentage of net revenue of between 12.2% and 12.5%, earnings before interest, income taxes, depreciation and amortization, and net gains/losses on sales of assets of between $181 and $185 million, and diluted earnings per share attributable to Health Management Associates, Inc. of between $0.15 and $0.16. Adjusted EBITDA is not a GAAP measure and footnote 1 to the 2011 Objective Range Table below contains disclaimers and other important information regarding how Health Management defines and uses Adjusted EBITDA. From Health Management's continuing same hospital operations, compared to the prior year's fourth quarter, surgeries increased 5.2%, adjusted admissions were essentially flat, and admissions declined 3.0%.