Glenview Capital Buys More Health Management Associates (HMA) ~ market folly

Tuesday, April 24, 2012

Glenview Capital Buys More Health Management Associates (HMA)

Larry Robbins' hedge fund firm Glenview Capital filed a new 13G with the SEC regarding its position in Health Management Associates (HMA). Per the filing, they now own a 5% stake in the company with 12,824,276 shares.

This is an increase of 148% in their position size since the end of 2011 and the new filing was made due to activity on April 13th. This isn't the only health-related play Glenview's been buying as of late. They also started a position in Tenet Healthcare.

Per Google Finance, Health Management Associates is "by and through its subsidiaries operates general acute care hospitals and other health care facilities in non-urban communities. As of December 31, 2011, the Company operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia."

In other portfolio activity from this hedge fund, we've highlighted how Glenview boosted its stake in Mueller Water Products.

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