Health Management Associates Resists Glenview’s Board Shakeup

Health Management Associates Inc (NYSE:HMA), one of the nation’s largest hospital operators, is advising shareholders to reject the hedge fund Glenview Capital Management’s proposal to completely replace the existing board with its own slate of nominees, Reuters reports. Health Management Associates’ CEO to retire soon The attempted shuffling comes at an important moment in Health Management Associates Inc (NYSE:HMA)’s history as current CEO Gary Newsome is set to retire at the end of the month and the $4 billion company has attracted interest from other major health care providers such as Community Health Systems while it looks for a new…