Glenview Has No Intention To Acquire Health Management

Glenview Capital Management LLC said it has no intention to acquire the hospital operator, Health Management Associates Inc (NYSE:HMA), after the latter’s recent adoption of a shareholder rights plan. Last Friday, the Board of Directors of Delaware-based Health Management Associates Inc (NYSE:HMA) adopted a shareholder rights plan, popularly known as a poison pill, with a 15 percent trigger after the New York-based hedge fund reported in its Schedule 13D filing that it holds about 14.6 percent holding in HMA. Glenview’s Schedule 13D filing The hospital operator indicated that in light of Glenview’s Schedule 13D filing, as well as its filing under the Hart-Scott-Rodino…