Community Health plans $3.9B acquisition

Shares of Health Management Associates Inc. plunged Tuesday morning after fellow hospital operator Community Health Systems announced plans to buy the company at a discount to its current stock price. Health Management Associates, or HMA, also said it expects second-quarter earnings to fall well below Wall Street expectations, and it received a fresh round of subpoenas from federal regulators. Community Health Systems said it will pay a combination of cash and stock valued at $13.78 for each HMA...

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