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HEALTH MANAGEMENT ASSOCIATES REPORTS 252 PERCENT INCREASE IN NET EARNINGS FOR THE FIRST QUARTER ENDED DEC. 31, 1991

 HEALTH MANAGEMENT ASSOCIATES REPORTS 252 PERCENT INCREASE
 IN NET EARNINGS FOR THE FIRST QUARTER ENDED DEC. 31, 1991
 NAPLES, Fla., Jan. 15 /PRNewswire/ -- William J. Schoen, chairman, president and chief executive officer of Health Management Associates, Inc. (NASDAQ: HMAIA) announced today that net earnings increased 252 percent in the first quarter ended Dec. 31, 1991, to $4,722,000 from $1,340,000 in the comparable quarter a year ago. Net earnings per share increased to $.39 on 12,024,000 shares as compared to $.16 on 8,275,000 shares for the same quarter a year ago. This represents a 144 percent increase in per share earnings after a 45 percent increase in the number of shares outstanding. Net revenues increased during the quarter to $64,869,000 from $50,666,000 for the same quarter a year ago.
 Included in the net earnings was an extraordinary book gain of $1,255,000 from the refinancing of a hospital bond issue effective Oct. 1, 1991. The transaction resulted in a $.10 per share gain.
 In commenting on the company's first quarter results, Schoen said, "The company's earnings in the first quarter were especially strong and beyond analysts' expectations due to increased admissions and surgical procedures. This excellent performance reflects our continued commitment to provide improved and expanded services through efficient facility operations and a successful strategic acquisition program with a focus on obtaining facilities that will improve company earnings."
 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 10 states with a total of 1,658 licensed beds.
 HEALTH MANAGEMENT ASSOCIATES, INC.
 (In thousands, except per share data)
 First Quarter Ended Dec. 31 1991 1990
 Net operating revenue $64,869 $50,666
 Net income 4,722 1,340
 Earnings per share:
 Before extraordinary item $.29 $.16
 Extraordinary item .10 --
 Total .39 .16
 Shares outstanding 12,024 8,275
 -0- 1/15/92
 /CONTACT: William J. Schoen, president of Health Management Associates, 813-598-3175/
 (HMAIA) CO: Health Management Associates, Inc. ST: Florida IN: HEA SU: ERN


PS -- NY006 -- 9852 01/15/92 09:00 EST
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Date:Jan 15, 1992
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