Tri-Lakes Medical Center acquisition completed

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Published: May 3,2011

Tags: healthcare, hospitals, mergers and acquisitions

BATESVILLE — A subsidiary of Health Management Associates Inc. has completed the transaction to partner with the current physician owners of the 112-bed Tri-Lakes Medical Center located in Batesville.

Under the joint venture, Health Management will own a 95 percent controlling interest in Tri-Lakes and manage its operations.

Gary D. Newsome, president and CEO of Naples, Fla.-based Health Management, said, “We believe Tri-Lakes offers us the opportunity to apply our proven operating initiatives in the emergency room, physician recruitment and market service development to improve efficiency, quality and access to care, and we are eager to begin serving the residents of Batesville and the greater Panola County region.”

Source: Health Management Associates Inc.

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