Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Health Management Associates Inc. Over the Proposed Sale of the Company to Community Health Systems, Inc.

NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Health Management Associates Inc. (“Health Management” or the “Company”) (NYSE: HMA) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Community Health Systems, Inc. (NYSE: CYH) in a deal valued at approximately $3.9 billion. Under the terms of the proposed transaction, Health Management’s stockholders will receive $10.50 in cash and 0.06942 shares of Community Health for each share of Health Management common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $20.00 for Health Management.