Glenview Capital Receives ISS Support To Replace HMA Board

Glenview Capital Management confirmed that Institutional Shareholder Services supports its solicitation to refresh the sitting board of HMA. Consequent to the blow from the proxy advisory firm, Health Management Associates Inc (NYSE:HMA) has made a settlement by considering Glenview’s eight nominees to the board. ISS support to Glenview Capital Activist hedge fund Glenview Capital owns 14.6 percent of the common stock of Health Management Associates Inc through affiliated investment funds. This makes Glenview the largest shareholder in HMA. Glenview confirmed that today ISS has issued a comprehensive report supporting every element of Glenview’s consent solicitation to replace and refresh the sitting…