Health Management buys back $292 million 4.385% convertibles, nearly all remainder put back

New York, Aug. 4 - Health Management Associates, Inc. said it bought back $292.0 million of its 4.375% convertible senior subordinated notes due 2023 in the open market using proceeds from an offering of new 3.75% notes and cash on hand.

Holders put back to the company $282.5 million or 99.9% of the remaining $282.7 million on Aug. 1.

Health Management is a Naples, Fla., operator of hospitals in non-urban communities.

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