While HCA was enjoying the largest leveraged buyout ever, HMA — Health Management Associates Inc. ? isn?t having nearly as good a week.



As reported in a Reuters story, Health Management shares fell about 10 percent in the first half of 2006. And in the second quarter? Not much better: HMA reported today that it?s reporting even lower second quarter earnings ? due, in no small part, to a hefty amount of unpaid medical bills and a slow-down in patient admissions.



Net income fell to $77.3 million, or 32 cents per share, from $86.8 million, or 35 cents per share, a year earlier.


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