Health Management To Acquire Tennessee Hospitals of Mercy Health Partners

Health Management Associates Inc HMA executed a definitive agreement to acquire the assets of Mercy Health Partners, which is a subsidiary of Catholic Health Partners Inc. Health Management will acquire or lease all seven of Mercy's hospitals for an estimated $525 million. The deal is likely to be completed by October 1, 2011. HMA shares gained 0.19% to close at $10.78 yesterday. Read more from Benzinga's Company news.