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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 2, 2001
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Health Management Associates, Inc.
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(Exact name of registrant as specified in charter)
Delaware 000-18799 61-0963645
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5811 Pelican Bay Boulevard, Suite 500, Naples, Florida 34108-2710
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (941) 598-3131
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(Former name or former address, if changed since last report)
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Item 5. Other Events and Regulation FD Disclosure
On January 2, 2001, the Registrant issued the following press release:
HEALTH MANAGEMENT ASSOCIATES, INC. PROMOTES
JOSEPH V. VUMBACCO, PRESIDENT
TO CHIEF EXECUTIVE OFFICER
NAPLES, FLORIDA (January 2, 2001) Health Management Associates, Inc. (NYSE: HMA)
announced today the promotion of Mr. Joseph V. Vumbacco, 55, President to Chief
Executive Officer. Mr. Vumbacco has been with the Company for the past five
years and has held key responsibilities including Chief Operating Officer and
most recently Chief Administrative Officer. During the past five years the
Company has more than doubled in size, both in revenue and profits. Mr.
Vumbacco has played a key role in this expansion. Prior to joining Health
Management Associates, Inc. five years ago, Mr. Vumbacco served as a corporate
officer in two public corporations. He is married with two children and resides
in Naples, Florida.
Mr. William J. Schoen, 65, Chairman will continue as Chairman of the Corporation
and Chairman of the Board at least until January 1, 2004. His responsibilities
will be to oversee the strategic direction of the Corporation and its
implementation as well as continue his relationship with the financial
community. Mr. Schoen continues to be one of the largest individual
shareholders of the Corporation.
Mr. Earl Holland, 55, Vice Chairman and Chief Operating Officer, has decided to
retire from the Corporation.
Health Management Associates, Inc. is a major operator of general acute care
hospitals in communities situated primarily in the Southeast and Southwest. The
Company currently operates 36 facilities in 11 states with 5,024 licensed beds.
HMA has experienced 12 years of uninterrupted operating earnings growth.
Certain statements contained in this release, including, without limitation,
statements containing the words "believes," "anticipates," "intends," "expects,"
and words of similar import, constitute "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements may include projections of revenues,
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income or loss, capital expenditures, capital structure, or other financial
items, statements regarding the plans and objectives of management for future
operations, statements of future economic performance, statements of the
assumptions underlying or relating to any of the foregoing statements, and other
statements which are other than statements of historical fact.
Statements made throughout this release are based on current estimates of future
events, and the Company has no obligation to update or correct these estimates.
Readers are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, and that
actual results may differ materially as a result of these various factors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
HEALTH MANAGEMENT ASSOCIATES, INC.
Dated: January 5, 2001 By: /s/ Timothy R. Parry
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Timothy R. Parry
Vice President
