Glenview Capital Management and Jana Partners push for Board Makeover at Health Management Associates

June 26th, 2013
| More
New York-Based hedge fund Glenview Capital Management LLC is insisting on wholesale changes to be made in the leadership of Health Management Associates Inc, the country’s fifth largest operator of hospitals. According to Bloomberg News, Glenview Capital Management, which is a 15 percent stakeholder, has nominated a new board of directors and has recommended an interim replacement for CEO Gary Newsome who has already announced his intention to resign.

Poor management and financial underperformance has left Health Management Associates vulnerable to a hostile takeover which may not be to the benefit of shareholders. Jana Partners LLC, which owns a 5 percent stake, supports the efforts of Glenview Capital Management to rejuvenate the company.
For Detailed Investor Profiles on these Investors, click below:
Glenview Capital Management
JANA Partners
Related People: Barry S. Rosenstein; Gary Claar; Larry Robbins
Related Entities: GCM Little Arbor Institutional Partners; GCM Little Arbor Master; GCM Little Arbor Partners; Glenview Capital Master; Glenview Capital Partners; Glenview Institutional Partners; JANA Capital LLC; JANA Master Fund LP; JANA Nirvana Fund LP; JANA Partners LP; JANA Piranha Fund LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles; Featured Reports


More Recent Headlines

FRM enters into strategic relationship with CommEq Asset Management

Top 100 Small- and Mid-Cap Hedge Funds oversee $255 billion; Icahn Associates claims the top spot

Top Emerging Hedge Fund Managers Nearly Eclipse $60 billion Mark, PointState Capital & PDT Partners LLC bulk-up

The Launching of a Hedge Fund - Nathaniel August reveals the secrets of Mangrove Partner’s Success

Fortress Asia Macro Fund Named “Best Asia-Based Macro Fund” and “Best Singapore Hedge Fund”

78% of the top Mid-Sized Hedge Funds see their Assets increase YTD; Tyrus Capital & Ionic Capital lead the way

Engaged Capital partnering with Governance for Owners in New Global Shareholder Activist Strategy

With Man Group–GLG Partners Deal, Who’s in Control?

Top Technology, Media & Telecom Hedge Funds surge by 34% Year-to-Date

SAC Capital Advisors veteran Dr Wu preps New Volatility Hedge Fund