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Business Observer Tuesday, Dec. 28, 2010 10 years ago

HMA sells 140-bed hospital

Anderson Regional Medical Center will acquire the Mississippi hospital.

NAPLES — Health Management Associates Inc. agreed to sell Riley Hospital to Anderson Regional Medical Center, a company based in Meridian, Miss. The sold hospital is also located in Meridian.

Financial terms of the deal were not disclosed.

Riley Hospital is a 140-bed facility. Anderson Regional said it would offer employment to substantially all of the hospital's current employees.

In late October, HMA bought the Wuesthoff Health System for $152 million. Through the first nine months of 2010, the Naples-based company earned $118.6 million in net income.

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