Glenview rejects HMA offer, demands board overhaul

(Reuters) - Glenview Capital Partners rejected hospital operator Health Management Associates Inc's offer to add a few of the hedge fund's nominees to its board, reiterating its demand for a complete overhaul of the board. Glenview rejected the idea of a "hybrid board" including nominees from HMA, saying a shareholder vote was already underway to decide the outcome. HMA, which is being bought by larger peer Community Health Systems Inc for $3.9 billion, has been under pressure from Glenview, which has said it wants to replace HMA's directors and set the company on a different course. ...



via Health News Headlines - Yahoo! News http://news.yahoo.com/glenview-rejects-hma-offer-demands-board-overhaul-051556160.html