Glenview Capital tries to oust HMA board

NAPLES — New York City hedge fund Glenview Capital Management LLC is attempting to replace Health Management Associates' board of directors. Glenview, HMA's largest shareholder with 14.6% of its common stock, filed a Consent Solicitation Statement nominating eight candidates to replace the current board.

Glenview has dedicated a website to describe and promote its stance at revitalizehma.com.

“It is widely recognized by publishing analysts, financial press and professional investors that there is significant room for improvement at HMA,” Glenview says in its letter to shareholders. “For over a decade, despite the best efforts of well-intentioned individuals at the company, HMA has fallen short in their financial returns delivered to shareholder, their financial management and focus, our shared aspirational goals on regulatory compliance and the pursuit of a stable and effective leadership team.”