HMA partners with Tri-Lakes

NAPLES — Health Management Associates Inc. (symbol: HMA) acquired a controlling interest in Tri-Lakes Medical Center, a facility in Batesville, Miss., through one of its subsidiaries today. When the deal is completed, HMA will own the facility jointly with Tri-Lakes' current physician-owners.

Tri-Lakes becomes the 60th hospital in the network of healthcare facilities managed by HMA, a company statement confirmed.

HMA is one of the largest companies headquartered on the Gulf Coast. In 2010, it generated $5.1 billion dollars in revenue, along with $150.1 million in profits. Its stock is up 9.85% so far this year, to a per share price of roughly $10.50.

Gary Newsome leads the company as CEO. Newsome was profiled in the Business Review a year ago (see “Back to Life,” March 25).