Health Management buys $10 million of its 3.75% convertibles due 2028

By Devika Patel

Knoxville, Tenn., Oct. 26 - Health Management Associates, Inc. said it repurchased $10 million of its 3.75% senior subordinated convertible notes due 2028 during the third quarter.

The company said it has reduced its debt by more than $184 million for the nine months ended Sept. 30, which exceeds its full year's debt repayment goal of $150 million.

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

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