Aug. 1, 2013
/PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Health Management Associates Inc. ("Health Management" or the "Company") (NYSE: HMA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Community Health Systems, Inc. ("Community Health") (NYSE: CYH).
Click here to learn more about the investigation
, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Health Management shareholders will receive
in cash and 0.06942 shares of Community Health for each share of Health Management stock they own, representing an approximate value of
per share. The investigation concerns whether the Health Management Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Community Health is underpaying for Health Management, thus unlawfully harming Health Management shareholders. In particular, at least one analyst set a price target for Health Management stock at
per share, and shares of Health Management closed above the consideration price the day before the announced merger.
If you own common stock in Health Management and wish to obtain additional information, please contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171