Weil, Gotshal & Manges LLP

Weil Advises Health Management Associates in $7.6B Sale to Community Health

(July 30, 2013, Weil News)


A Weil team led by Corporate Chairman Michael Aiello is advising Health Management Associates, Inc. (HMA), which owns 71 hospitals in 15 states, in its $7.6 billion sale (including assumption of debt) to Community Health Systems, Inc. (CHS), one of the largest publicly traded hospital companies in the US. The transaction is expected to close by the end of the first quarter of 2014 and is subject to customary closing conditions, including regulatory approval and HMA stockholder approval.

In addition to Mr. Aiello, the Weil team advising HMA includes Mergers & Acquisitions partner Matthew Gilroy and Mergers & Acquisitions associates Sachin Kohli, Frank Martire, Faraz Rana, Mike Ray and Steve Sun (all in New York).

This news appeared in the following outlets (may require registration/subscription):

  • The New York Times: Community Health Agrees to Buy H.M.A. for $3.6 Billion (July 30, 2013)
  • The Deal: Community Health bids $7.6B for Florida rival (July 30, 2013)
  • The Wall Street Journal: Glenview, ‘Mr. Spock’ of Activists, Scores on HMA Sale (July 30, 2013)
  • Bloomberg: Community Health to Buy Health Management for $3.9 Billion (July 30, 2013)
  • Reuters: Community Health faces investor fight in $3.9 bln HMA deal (July 30, 2013)
  • The Am Law Daily: CHS, Hess Tap Kirkland Amid July M&A Surge (July 30, 2013)
  • Law360: Community Health Systems To Shell Out $3.9B For HMA (July 30, 2013)
  • ABF Journal: Community Health Systems to Acquire HMA for $7.6B (July 30, 2013)
  • Mergers & Acquisitions: Community Health to Buy Health Management for $3.9B (July 30, 2013)
  • StreetInsider.com: Notable Mergers and Acquisitions of the Day 07/30: (CYH)/(HMA) (APO)/(PBI) (CEL) (July 30, 2013)
  • Business News Network: Community Health to buy Health Management for $3.9B (July 30, 2013)
  • Bloomberg / Bloomberg Law: Kirkland, Weil, K&L Gates, Loeb & Loeb: Business of Law (July 31, 2013)
  • Global Competition Review: Merger will create largest for-profit US hospital system (July 31, 2013)
  • Reuters / Westlaw Business Currents: DEALTALK-For deal-hungry hospitals, legal woes are no obstacle (July 31, 2013)
   
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