Exhibit 99.1

LOGO

 

    Contact:    John C. Merriwether   
       Vice President of Financial Relations   
       Health Management Associates, Inc.   
       (239) 598-3131   

HEALTH MANAGEMENT ASSOCIATES, INC.

REPORTS FOURTH QUARTER AND YEAR-END 2008 EARNINGS

Diluted Earnings per Share from Continuing Operations of $0.07

NAPLES, FLORIDA (February 23, 2009) Health Management Associates, Inc. (NYSE: HMA)

today announced its consolidated financial results for the fourth quarter and year ended December 31, 2008. For the quarter, HMA reported net revenue of $1,111.8 million and earnings, before interest, income taxes, depreciation and amortization, gain on early extinguishment of debt, impairments of assets, and minority interests (“EBITDA”) of $146.7 million. Income from continuing operations was $29.0 million, or $0.12 per diluted share, and net income was $14.5 million, or $0.06 per diluted share. Included in diluted EPS from continuing operations is a $26.4 million net gain from the early extinguishment of debt and a $6.2 million investment impairment. Excluding this gain and impairment, diluted EPS from continuing operations would have been $0.07, as shown in the tables accompanying this press release. Such tables also contain a reconciliation of income from continuing operations to EBITDA, which is not a GAAP measure, and contain other information regarding HMA’s use of EBITDA.

For continuing operations, compared to the prior year’s fourth quarter: net revenue increased 3.3%; net revenue per adjusted admission increased 2.1%; adjusted admissions (reflecting total admissions adjusted for outpatient volume) increased 1.1%; admissions decreased 0.2%, (excluding uninsured admissions, admissions increased 0.3%); emergency room visits decreased 2.2%; and surgeries decreased 2.3%. EBITDA from continuing hospital operations for the quarter was $175.5 million, which represented a margin of 15.8%.

“We are pleased with the operating improvements we generated in the fourth quarter and believe that we are beginning to experience some initial traction as a result of our renewed focus on emergency room operations, physician recruitment and market development,” said Gary D. Newsome, HMA’s President and Chief Executive Officer. “We are encouraged by the volume improvement we witnessed in the fourth quarter when compared to the second and third quarters of 2008. Together with the expense reductions already in place, we believe we can achieve the objectives we have set for 2009.”

-more-

LOGO


The following information was filed by Health Management Associates, Inc (HMA) on Tuesday, February 24, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Health Management Associates, Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Health Management Associates, Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account