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HEALTH MANAGEMENT ASSOCIATES REPORTS 71 PERCENT INCREASE IN NET EARNINGS FOR THE SECOND QUARTER ENDED MARCH, 31, 1992

 HEALTH MANAGEMENT ASSOCIATES REPORTS 71 PERCENT INCREASE
 IN NET EARNINGS FOR THE SECOND QUARTER ENDED MARCH, 31, 1992
 NAPLES, Fla., April 14 /PRNewswire/ -- William J. Schoen, chairman, president and chief executive officer of Health Management Associates, Inc. (NASDAQ: HMAIA) announced today that net earnings increased during the second quarter ended March 31, 1992. Net earnings were $6,942,000 compared to $4,051,000 in the same quarter a year ago. Net earnings per share increased to 55 cents on 12,706,000 shares as compared with 42 cents on 9,742,000 shares a year ago. Net revenues increased during the quarter to $72,396,000 from $57,607,000 for the same quarter a year ago.
 In commenting on the company's second quarter results, Schoen said, "The company's performance reflects our commitment to provide improved and expanded services through efficient facility operations and a successful selective strategic acquisition program."
 Net results for the six months ended March 31, 1992 were excellent with net earnings increasing to $11,663,000 from $5,391,000 for the same period a year ago. Per share earnings for the period were 94 cents on 12,364,000 shares compared to 60 cents on 9,000,000 shares in the comparable six months a year ago. Total net revenues increased to $137,265,000 from $108,273,000 in the comparable six months period.
 On April 9, 1992, a three for two stock split was distributed. The earnings per share noted above are all stated on a pre-split basis.
 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 total of 1,658 licensed beds.
 HEALTH MANAGEMENT ASSOCIATES, INC.
 Selected Financial Data
 Period ended Three month
 March 31, 1992 1991
 Net operating revenue $72,396,000 $57,607,000
 Net income 6,942,000 4,051,000
 Earnings per share $.55 $.42
 Shares outstanding 12,706,000 9,742,000
 Period ended Six months
 March 31, 1992 1991
 Net operating revenue $137,265,000 $108,273,000
 Net income 11,663,000 5,391,000
 Earnings per share $.84 $.60
 Before extraordinary item .10 --
 Extraordinary item $.94 $.60
 Shares outstanding 12,364,000 9,000,000
 -0- 4/14/92
 /CONTACT: William J. Schoen, president of Health Management Associates, 813-598-3175/
 (HMAIA) CO: Health Management Associates Inc. ST: Florida IN: HEA SU: ERN


SH-SM -- NY019 -- 8214 04/14/92 11:13 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
Words:419
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