HMA's CEO retires to lead Mormon mission

NAPLES — Hospital operator Health Management Associates announced Tuesday that Gary Newsome, its president and CEO, will retire from the company July 31. Upon his retirement, Newsome will serve as the president of The Church of Jesus Christ of Latter-day Saints' mission in Uruguay, the company says in a statement.

Newsome will continue to lead the company (symbol: HMA; recent price: $12.33) until he leaves. The board has begun the search for a new CEO, which is being led by four members of the board, the company says in the statement.

“My family and my faith have always been the most important parts of my life, and it is a rare privilege to serve in Uruguay, a place that has remained in my heart since I served my first mission there more than 35 years ago,” Newsome says in the statement. “I am sincerely grateful for the support I've received from the Health Management Board of Directors, management team, and our associates and physicians.”