July 30, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Health Management Associates, Inc. (“HMA” or the “Company”) (NYSE: HMA) breached its fiduciary duty to its shareholders in agreeing to sell HMA to Community Health Systems, Inc. (“CHS”) (NYSE: CYH)
Under the terms of the agreement, HMA shareholders will receive $10.50 per share in cash plus 0.06942 of a share of CHS common stock for each share they own. The investigation is focused on the potential unfairness of the price to HMA shareholders and the process by which the HMA Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.