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Shareholder Class Action Filed Against Health Management Associates, Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
Date:12/20/2007

RADNOR, Pa., Aug. 10 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Middle District of Florida on behalf of all common stock purchasers of Health Management Associates, Inc. (NYSE: HMA) ("Health Management" or the "Company") from January 17, 2007 to July 30, 2007, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com.

The Complaint charges Health Management and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Health Management, through its subsidiaries, owns and operates general acute care hospitals in "non-urban" communities primarily in the Southeast and Southwest regions of the United States. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company was experiencing a deterioration in the collectibility of its accounts receivable from uninsured patients; (2) that the Company was significantly under-reserving for bad debt expense; (3) as such, the Company would be forced to dramatically increase its provision for bad debt expense going forward, which would severely impact the Company's net earnings in subsequent quarters; (4) that as a result of the above, the Company's financial statements were materially misleading; (5) that the Company's materially misleading financial statements enabled the Company to effectuate a major rec
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SOURCE Schiffrin Barroway Topaz & Kessler, LLP
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