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HEALTH MANAGEMENT ASSOCIATES, INC. REPORTS RECORD EARNINGS FOR THE FOURTH QUARTER AND YEAR ENDED SEPT. 30, 1993

 NAPLES, Fla., Oct. 19 /PRNewswire/ -- William J. Schoen, chairman, president and chief executive officer of Health Management Associates, Inc. (NYSE: HMA) today announced that net earnings from operations increased 50 percent during the fourth quarter ended Sept. 30, 1993. Net earnings from operations were $7,614,000 compared to the $5,069,000 in the same quarter a
year ago. Net earnings per share from operations increased to $.37 on 20,474,000 shares as compared with $.26 on 19,291,000 shares a year ago. Net revenue increased during the quarter to $80,419,000 from $69,010,000 for the same quarter a year ago.
 The company, in its fourth quarter, continued to experience same store gains in admissions, outpatient and inpatient surgeries and emergency room visits. As previously announced, the company has completed four recent acquisitions -- an 80 bed psychiatric hospital in Topeka, Kan., plus 3 acute care hospitals: a 51 bed facility in Haines City, Fla., a 101 bed facility in Natchez, Miss. and a 133 bed facility in Sebastian, Fla. These hospitals provided operating profit during the fourth quarter.
 Net earnings from operations for the year ended Sept. 30, 1993 increased to $32,245,000 from $21,881,000 for the year ended Sept. 30, 1992. Per share earnings from operations for the year were $1.63 on 19,774,000 shares as compared to $1.16 on 18,898,000 shares outstanding during the prior year. This is a net earnings per share increase from operations of 41 percent after a 5 percent increase in the number of shares outstanding. Total net revenue increased to $316,617,000 from $277,961,000 in the prior year. The company's results for the year ended Sept. 30, 1993 are subject to the completion of the annual audit.
 Health Management Associates is a major operator of general acute care hospitals in communities situated primarily in the southeast and southwest. The company operates twenty facilities in eleven states with a total of 2,023 licensed beds.
 HEALTH MANAGEMENT ASSOCIATES, INC.
 Selected Financial Data(A)
 For The Three Month And Year Ended
 Periods ended Sept. 30 Three Months
 1993 1992
 Net Revenue $ 80,419,000 $ 69,010,000
 Income Before Extraord. 7,614,000 5,069,000
 Net Income 7,614,000 4,611,000
 Earnings Per Share
 Before Extraordinary Item $.37 $.26
 Extraordinary Item -- (.02)
 $.37 $.24
 Shares Outstanding 20,474,000 19,291,000
 Periods ended Sept. 30 Year
 1993 1992
 Net revenue $ 316,617,000 $ 277,961,000
 Income Before Extraord.
 Items 32,245,000 21,881,000
 Net income $32,245,000 $22,678,000
 Earnings per share:
 Before Extraordinary items $ 1.63 $ 1.16
 Extraordinary Item -- 0.04
 $ 1.63 $ 1.20
 Shares Outstanding 19,774,000 18,898,000
 NOTE: (A) Share data does not reflect 3 for 2 stock split approved by board of directors to holders of record on Oct. 20, 1993.
 -0- 10/19/93
 /CONTACT: William J. Schoen, president of Health Management Associates, 813-598-3175/
 (HMA)


CO: Health Management Associates, Inc. ST: Florida IN: HEA SU: ERN

TM -- NY013 -- 3749 10/19/93 08:35 EDT
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Publication:PR Newswire
Date:Oct 19, 1993
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