Activist aims at HMA board

Investor's Business Daily

Glenview Capital Management is trying to oust Health Management Associates' (HMA) board members as it looks to raise its stake in the hospital operator by nominating 8 new directors. Glenview, which compared itself to Mr. Spock, said it is taking a dispassionate approach and has been trying to get the hospital operator to amend or remove its poison-pill clause so that Glenview could raise its stake to 25% from 14.6%. Hospital stocks have done well in 2013 as investors anticipate ObamaCare fueling more demand next year. Shares fell 0.6% to 15.39.

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