Deals
Health Management CEO Exit Stokes Takeover Speculation: Real M&A
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Health Management Associates Inc., facing a leadership change and potential pressure from its biggest shareholder, is becoming one of the hottest subjects of merger speculation among U.S. stocks.
The operator of rural American hospitals surged 25 percent last week, more than almost every Russell 3000 Index stock and enough to drive Health Management’s price-earnings ratio to a level last seen in 2009, according to data compiled by Bloomberg. The rally came amid optimism shareholder Glenview Capital Management LLC may spur a sale and after Health Management said its chief executive officer will retire.