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NAPLES — Health Management Associates disputed a 60 Minutes television broadcast on Sunday in which current and former employees alleged improper admissions.
By mid-morning Monday, the shares of HMA fell about 6% to $7.50 in trading on the New York Stock Exchange.
The company held a telephone conference with investors on Friday before the broadcast and issued a statement Monday morning to refute the charges. HMA says the television show was unable to identify any patient that had been inappropriately admitted to any of its emergency rooms.
“60 Minutes did not in any way dispute the admissions data it was provided by Health Management over the last several months. That data demonstrated that admissions rates from the company's emergency rooms were in line with national norms and consistent over a several year period,” the hospital company statement says. “Instead, 60 Minutes relied entirely on disgruntled former employees of the company and former contracted physicians, several of whom are seeking financial gain through active litigation with Health Management.”
Naples-based HMA operates 70 hospitals with about 10,500 beds in non-urban areas around the country.
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