Health Management Associates, Inc. ( HMA) Q4 2011 Earnings Call February 14, 2012 11:00 AM ET Executives John Merriwether - VP, IR Gary Newsome - President and CEO Kelly Curry - CFO Bob Farnham - VP, Finance Analysts Adam Feinstein - Barclays Capital John Ransom - Raymond James Dana Vartabedian - Deutsche Bank Ralph Giacobbe - Credit Suisse A. J. Rice - Susquehanna Financial Gary Lieberman - Wells Fargo Justin Lake - UBS Tom Gallucci - Lazard Markets Whit Mayo - Robert W. Baird Kevin Fischbeck - Bank of America PresentationOperator
Good morning, my name is Tracy and I will be your conference operator today. At this time I would like to welcome everyone to the Health Management Year End 2011 Earnings Conference Call. (Operator Instructions). Thank you and I’ll now introduce and turn the call over to Mr. John Merriwether, Vice President of Financial Relations. You may begin your conference, sir. John Merriwether Thank you, Tracy, and good morning everyone. I’m John Merriwether. I’d like to welcome you to Health Management’s fourth quarter and year end 2011 earnings conference call. Before we get started with the call, I’d like to read our disclosure statement. This presentation contains forward-looking statements within the meanings of Section 27A of the Securities Act of 1933 as amended, Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are subject to risks, uncertainties and assumptions and are identified by words such as expects, estimates, projects, anticipates, believes, plans, could and other similar words.
Community Health Systems may close its $7.6 billion acquisition of Health Management Associates, but with the uncertainties of a new healthcare law and the merger partners' own legal problems, it needed good timing to put reasonable financing in place.