Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Health Management Associates Inc. Over the Proposed Sale of the Company to Community Health Systems, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Health Management Associates Inc. (“Health Management” or the “Company”) (NYSE: HMA) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Community Health Systems, Inc. (NYSE: CYH) in a deal valued at approximately $3.9 billion. Under the terms of the proposed transaction, Health Management’s stockholders will receive $10.50 in cash and 0.06942 shares of Community Health for each share of Health Management common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $20.00 for Health Management.
The investigation focuses on whether Health Management’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Health Management’s shareholders.
If you own common stock in Health Management and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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