The reconstituted board of Health Management Associates affirmed the hospital chain's support for a deal to be acquired by Community Health Systems for $3.9 billion.
The statement comes as Naples, Fla.-based HMA reported continued weakness in its financial performance. The company lost $96.6 million on revenue of $1.4 billion in the quarter ended Sept. 30. Same-hospital admissions declined 6.8% compared with the same quarter in 2012. Same-hospital adjusted admissions, which reflect outpatient services, were down 2.9%.