Health Management Associates, Inc. Announces Agreement to Acquire Lee County Community Hospital Pennington Gap, Virginia An 80-Bed Acute Care Hospital

Apr 23, 2001, 01:00 ET from Health Management Associates, Inc.

    NAPLES, Fla., April 23 /PRNewswire Interactive News Release/ --
 Health Management Associates, Inc. (NYSE:   HMA) announced today the Company has
 reached agreement and received court approval to acquire Lee County Community
 Hospital, an 80-bed acute care hospital located in Pennington Gap, Virginia.
 This is the second hospital acquisition of fiscal 2001, and HMA expects this
 transaction will become effective on or before July 31, 2001.
     "As a rural, sole-community provider with 80 beds and a primary service
 area of 40,000 residents, this is a classic HMA hospital," said Joseph V.
 Vumbacco, CEO of Health Management Associates.  "We are very pleased to
 welcome Lee County Community Hospital, our first Virginia hospital, into the
 HMA family.  By providing high quality medical services to an area with a
 proven demographic need, we have an opportunity to return this facility to its
 former position as the leading provider of quality healthcare in the area.
 The potential for this hospital is tremendous."
     HMA, the largest non-urban and third largest hospital company in the
 United States, is a major operator of general acute care hospitals in
 communities situated primarily in the Southeast and Southwest.  The Company,
 upon the closing of this transaction, will operate 37 facilities in 12 states
 with 5,104 licensed beds.  HMA has experienced 12 years of uninterrupted
 operating earnings growth.
 
     Certain statements contained in this release, including, without
 limitation, statements containing the words "believes," "anticipates,"
 "intends," "expects," and words of similar import, constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  These statements may include projections of revenues, income or
 loss, capital expenditures, capital structure, or other financial items,
 statements regarding the plans and objectives of management for future
 operations, statements of future economic performance, statements of the
 assumptions underlying or relating to any of the foregoing statements, and
 other statements which are other than statements of historical fact.
     Statements made throughout this release are based on current estimates of
 future events, and the Company has no obligation to update or correct these
 estimates.  Readers are cautioned that any such forward-looking statements are
 not guarantees of future performance and involve risks and uncertainties, and
 that actual results may differ materially as a result of these various
 factors.
 
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SOURCE Health Management Associates, Inc.
    NAPLES, Fla., April 23 /PRNewswire Interactive News Release/ --
 Health Management Associates, Inc. (NYSE:   HMA) announced today the Company has
 reached agreement and received court approval to acquire Lee County Community
 Hospital, an 80-bed acute care hospital located in Pennington Gap, Virginia.
 This is the second hospital acquisition of fiscal 2001, and HMA expects this
 transaction will become effective on or before July 31, 2001.
     "As a rural, sole-community provider with 80 beds and a primary service
 area of 40,000 residents, this is a classic HMA hospital," said Joseph V.
 Vumbacco, CEO of Health Management Associates.  "We are very pleased to
 welcome Lee County Community Hospital, our first Virginia hospital, into the
 HMA family.  By providing high quality medical services to an area with a
 proven demographic need, we have an opportunity to return this facility to its
 former position as the leading provider of quality healthcare in the area.
 The potential for this hospital is tremendous."
     HMA, the largest non-urban and third largest hospital company in the
 United States, is a major operator of general acute care hospitals in
 communities situated primarily in the Southeast and Southwest.  The Company,
 upon the closing of this transaction, will operate 37 facilities in 12 states
 with 5,104 licensed beds.  HMA has experienced 12 years of uninterrupted
 operating earnings growth.
 
     Certain statements contained in this release, including, without
 limitation, statements containing the words "believes," "anticipates,"
 "intends," "expects," and words of similar import, constitute "forward-looking
 statements" within the meaning of the Private Securities Litigation Reform Act
 of 1995.  These statements may include projections of revenues, income or
 loss, capital expenditures, capital structure, or other financial items,
 statements regarding the plans and objectives of management for future
 operations, statements of future economic performance, statements of the
 assumptions underlying or relating to any of the foregoing statements, and
 other statements which are other than statements of historical fact.
     Statements made throughout this release are based on current estimates of
 future events, and the Company has no obligation to update or correct these
 estimates.  Readers are cautioned that any such forward-looking statements are
 not guarantees of future performance and involve risks and uncertainties, and
 that actual results may differ materially as a result of these various
 factors.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X57787318
 
 SOURCE  Health Management Associates, Inc.