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Health Management holders approve sale to CHS
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Updated: 01/15/2014 08:00:01AM

Health Management holders approve sale to CHS

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Melissa Suarez

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FRANKLIN, Tenn. (AP) — Health Management Associates Inc. shareholders have approved the company’s sale to competitor Community Health Systems.

HMA’s board recommended in November that shareholders vote for the sale. HMA stockholders approved the transaction with approximately 98.7 percent of the votes cast at a special meeting Jan. 8 voting in favor of adoption of the merger agreement, representing approximately 81.7 percent of HMA’s outstanding common shares as of Nov. 22.

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