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HEALTH MANAGEMENT ASSOCIATES, INC. ANNOUNCES SIGNING OF LETTER OF INTENT TO ACQUIRE FOUR GALEN HEALTH CARE HOSPITALS

 NAPLES, Fla., March 23 /PRNewswire/ -- Health Management Associates, Inc. (NYSE: HMA) announced today it has signed a letter of intent with Galen Health Care, Inc. of Louisville, Ky., to negotiate the purchase from Galen of four acute care hospitals located in Florence, Ala., Sebastian, Fla., Dade City, Fla., and Natchez, Miss., with a total of 509 beds.
 HMA further stated that it has the exclusive right to accomplish its due diligence and work toward a definitive agreement. These hospitals fit HMA's niche of non-urban acute care hospitals located in the Southeast and Southwest.
 Any purchase will be conditioned upon the successful completion of due diligence, the approval of the boards of directors of both companies, the execution of a definitive agreement, the obtaining of all government approvals and the transfer of all necessary licenses. This transaction, if successful, will close sometime this summer.
 Health Management Associates, Inc. is a major operator of general acute care hospitals in communities situated primarily in the Southeast and Southwest. The company operates 16 facilities in 10 states with a total of 1,658 licensed beds.
 -0- 3/23/93
 /CONTACT: William J. Schoen, president & CEO of Health Management Associates, Inc., 813-598-3175/
 (HMA)


CO: Health Management Associates, Inc.; Galen Health Care, Inc. ST: Florida IN: HEA SU: TNM

TM -- NY006 -- 8502 03/23/93 08:31 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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