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HEALTH MANAGEMENT ASSOCIATES, INC. REPORTS 35 PERCENT INCREASE IN NET EARNINGS FOR THE SECOND QUARTER ENDED MARCH 31, 1993

 NAPLES, Fla., April 28 /PRNewswire/ -- William J. Schoen, chairman, president and chief executive officer of Health Management Associates, Inc. (NYSE: HMA) announced today that net earnings increased 35 percent in the second quarter ended March 31, 1993, after a 3 percent increase in the number of shares outstanding. Net earnings were $9,372,000 compared to the $6,942,000 in the same quarter a year ago. Net earnings per share increased to $.48 on 19,653,000 shares as compared with $.36 on 19,059,000 shares a year ago. Net revenues increased during the quarter to $80,573,000 from $72,396,000 for the same quarter a year ago.
 In commenting on the company's second quarter results, Mr. Schoen said, "The company's success continues to result from the delivery of expanded and improved services, and our strategic acquisition program. The company in its second quarter experienced gains in admissions and surgeries."
 Net results for the six months ended March 31, 1993 were excellent, with not earnings from operations increasing to $14,453,000 from $10,408,000 for the same period a year ago. Per share earnings from operations for the period were $.75 on 19,353,000 shares as compared to $.56 on 18,546,000 shares outstanding during the prior year. This is a net earnings per share increase of 34 percent after a 4 percent increase in the number of shares outstanding. Total net revenues increased to $153,785,000 from $137,265,000 in the comparable six-month period.
 Health Management Associates is a major operator of general acute care hospitals in communities situated primarily in the Southeast and Southwest. The company operates 16 facilities in ten states with a total of 1,658 licensed beds.
 HEALTH MANAGEMENT ASSOCIATES, INC.
 Selected Financial Data
 For The Three And Six Months Ended
 Three Months Ended March 31, 1993 1992
 Net operating revenue $80,573,000 $72,396,000
 Net income 9,372,000 6,942,000
 Earnings per share $.48 $.36
 Shares outstanding 19,653,000 19,059,000
 Six Months Ended March 31, 1993 1992
 Net operating revenue $153,785,000 $137,265,000
 Income before extraordinary item 14,453,000 10,408,000
 Net income 14,453,000 11,663,000
 Earnings per share:
 Before extraordinary item $.75 $.56
 Extraordinary item -- .07
 Total $.75 $.63
 Shares outstanding 19,353,000 18,546,000
 -0- 4/28/93
 /CONTACT: William J. Schoen, president of Health Management Associates, 813-598-3175/
 (HMA)


CO: Health Management Association ST: Florida IN: HEA SU: ERN

LD -- NY004 -- 1774 04/28/93 08:30 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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