Hospital chain's LBO reads like textbook case.
Health Management Associates' leveraged buyout was done during the swirling and headlong LBO mania of the 1980s, but this one was structured to keep the company from being crushed under the weight of its debt. That cool calculation is paying off in cool millions for management and institutional investors as a return to public ownership reaps stock-price dividends.
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D005431:Florida; D006777:Hospitals, Proprietary / Q000191:economics*; D007449:Investments; D009096:Multi-Institutional Systems / Q000191:economics*; D010067:Ownership