Health Management Associates, Naples, Fla., and LifePoint Hospitals, Brentwood, Tenn., said they canceled an agreement to exchange hospitals, but neither investor-owned company gave a reason for the deal's collapse. HMA was to have swapped its 76-bed Williamson (W.Va.) Memorial Hospital for LifePoint's 56-bed Bartow (Fla.) Memorial Hospital. LifePoint said it will continue to seek a buyer for Bartow Memorial. HMA said it intends to continue operating Williamson Memorial. The trade would have given HMA its 15th hospital in Florida, out of 53 hospitals the company owns or operates. HMA also has three certificate-of-need approvals to build hospitals in Florida. LifePoint owns or operates 30 hospitals. It will gain 19 hospitals with its pending deal to acquire Province Healthcare Co., Brentwood, for $1.7 billion. The LifePoint-Province deal is expected to close in the first quarter of 2005. -- by Vince Galloro
HMA, LifePoint cancel swap of W.Va., Fla. hospitals
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