Larry Robbins' Glenview Capital Attempts A Shakeup of HMA Board

Larry Robbins' Glenview Capital is attempting a shakeup at Health Management Associates Inc (NYSE:HMA). In an open letter to other shareholders of HMA, Robbins intimates that his firm has started a democratic process to elect eight highly qualified, independent directors to the company's board of directors.  Glenview Capital owns 14.6 percent of HMA and has been a shareholder for more than two years.

The $6.4 billion hedge fund has over $2 billion invested in the five largest hospitals in the U.S. and the letter stresses that Glenview has...