Glenview Claims Shareholder Approval To Replace HMA Board

Glenview Capital claimed a majority of the shareholders of Health Management Associates Inc (NYSE:HMA) have voted to replace the existing board with Glenview’s slate of directors.

Activist hedge fund Glenview Capital indicated in a statement that it submitted to Health Management Associates Inc (NYSE:HMA) documentation that a majority of shareholders have voted for the removal and replacement of the entire board of directors at the U.S. hospital chain. The hedge fund indicated it anticipates the sitting Health Management Associates Board will work with their outside advisors to ensure a prompt fiduciary review...