HMA acquisition pipeline 'rich'

Naples-based hospital operator Health Management Associates continues to scout for acquisitions.

The Naples-based operator of 70 non-urban hospitals targets health care systems that are struggling but can be turned around with good management and operating leverage.

In a call with analysts to discuss recent earnings, HMA President and CEO Gary Newsome says the company has a “rich” pipeline of deals.

“There will be some communication pretty soon, I think, in terms of our acquisition process and it will be very pleasing for everyone when they hear it,” Newsome hinted, according to a transcript of the call posted on SeekingAlpha.com.