A shareholder of Naples-based Health Management Associates Inc. is claiming victory in its effort to oust the hospital company’s board of directors and install its own.
In a statement released after the market closed today, Glenview Capital Management said it has “submitted to the appropriate representatives of HMA documentation that a majority of shareholders have voted for the removal and replacement of the entire Board of Directors at HMA. We anticipate that the sitting HMA Board will work with their outside advisors to ensure a prompt fiduciary review of the voting results. Led by future HMA Chairman Steven Shulman, the nominees will be in contact with the outgoing HMA Board and their advisors to ensure a smooth transition to be effected this week.”
Representatives of Glenview, which owns 14.6 percent of HMA stock, declined further comment Monday. HMA representatives were not immediately available for comment.
HMA currently owns Lehigh Regional Hospital.