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Newport Medical Center/Convalescent Center to become part of Community Health Systems

Published: 7:58 AM, 01/16/2014 Last updated: 7:58 AM, 01/16/2014
 


Source: The Newport Plain Talk

NEWPORT—Newport Medical Center and Newport Convalescent Center will soon become part of Community Health Systems.

Community Health Systems, Inc. and Health Management Associates, Inc. announced Wednesday, Jan. 8, that HMA stockholders have voted to adopt the previously announced merger agreement under which CHS has agreed to acquire HMA.

HMA stockholders approved the transaction with approximately 99 percent of the votes cast at a special meeting in favor of adoption of the merger agreement.
Steve Shulman, Chairman of the Board of Health Management Associates, said, "We are gratified that HMA stockholders have approved our merger with Community Health Systems and look forward to taking the steps necessary to complete the transaction."

"We are pleased that HMA stockholders have seen the significant strategic value in combining with CHS,” added Wayne T. Smith, Chairman of the Board, President and Chief Executive Officer of Community Health Systems. “We are working now to finalize regulatory approvals, and we expect to complete this transaction quickly so that we can integrate our two companies and deliver on our plans for long-term growth and value creation."

For more details, please see the Thursday edition of the Newport Plain Talk.


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