Glenview Capital Adds To Health Management Associates Position ~ market folly

Monday, May 6, 2013

Glenview Capital Adds To Health Management Associates Position

Larry Robbins' hedge fund Glenview Capital just filed a 13D with the SEC regarding shares of Health Management Associates (HMA).  Per the filing, Glenview has revealed a 14.56% ownership stake in HMA with 37,757,583 shares.

This marks an increase in the number of shares owned by 7.7% since the end of 2012.  The 13D was filed due to portfolio activity on May 6th.  This is the second subsequent purchase by Robbins' hedge fund as we detailed the last time Glenview added to its HMA stake.
Glenview's Bet on Hospitals

Glenview has had a huge year thus far as noted in our summary of 2013 hedge fund performance numbers.  Robbins has bet a lot on hospitals including HMA, Tenet Healthcare (THC), and HCA (HCA).  And recently, Glenview bought more Lifepoint Hospitals as well.

Robbins originally pitched going long hospitals back in May of last year and has profited handsomely from this call.

Per Google Finance, Health Management Associates "operates general acute care hospitals and other health care facilities in non-urban communities."

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