Health Management Associates, Inc.
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Health Management Associates, Inc. - overview
Established
1985
Location
Okemos, MI, US
Primary Industry
Business Support Services
About
Based in the US, Health Management Associates LLC also known as HMA is an independent, national research and consulting firm specializing in publicly funded healthcare and human services policy, programs, financing, and evaluation. Founded in 1985 by Jay Rosen and based in Michigan, US, Health Management Associates LLC also known as HMA is a management consultancy company that specializes in health care programs, regulatory compliance, and data analysis solutions to healthcare providers. In March 2026, Health Management Associates LLC, a portfolio company of Beecken Petty O'Keefe & Company, acquired HealthTech Solutions. HMA provides behavioral and correctional health, medicare, insurance, managed care, clinical, and long-term services to local, state, and federal governmental agencies, regional and national foundations, investors, multi-state health system organizations and single-site health care providers.
The company operates through four segments: HMA community strategies, HMA information services, HMA medicaid market solutions and HMA Institute on Addiction. HMA community strategies provide expertise and resources to assess needs, create a plan and deliver on-the-ground results. HMA information services is a subscription-based service that provides Medicaid information and HMA medicaid market solutions provide support and advice to healthcare agencies on serving Medicaid beneficiaries and low-income families. HMA Institute on Addiction provides addiction consulting services.
Current Investors
Blum Capital Partners, Beecken Petty O'Keefe & Company
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Healthcare, Information Services
Website
www.healthmanagement.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Health Management Associates, Inc. - financials
| Fiscal Year Ended | Sep 30, 2003 | Sep 30, 2004 | Sep 30, 2005 | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,560,576,000 | 3,205,885,000 | 3,588,822,000 | 4,056,599,000 | 4,392,086,000 | 4,451,611,000 | 4,617,143,000 | - | - | - |
| % Revenue Growth (YoY) | - | 25.2% | 11.9% | - | - | 1.4% | 3.7% | - | - | - |
| EBITDA (USD) | 587,856,000 | 683,295,000 | 736,507,000 | 534,783,000 | 635,128,000 | 640,596,000 | 686,199,000 | - | - | - |
| Operating Income (USD) | 463,077,000 | 532,196,000 | 568,412,000 | 346,569,000 | 408,029,000 | 396,200,000 | 438,289,000 | - | - | - |
| Operating Margin | 18.1% | 16.6% | 15.8% | 8.5% | 9.3% | 8.9% | 9.5% | - | - | - |
| % EBITDA Margin | 23.0% | 21.3% | 20.5% | 13.2% | 14.5% | 14.4% | 14.9% | - | - | - |
| NET Income (USD) | 283,424,000 | 325,099,000 | 353,077,000 | 182,749,000 | 119,879,000 | 167,225,000 | 163,941,000 | - | - | - |
| % Net Margin | 11.1% | 10.1% | 9.8% | 4.5% | 2.7% | 3.8% | 3.6% | - | - | - |
Health Management Associates, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | HealthTech Solutions, LLC | - | ||||||||
| Add-on | Completed | Crestline Advisors, LLC | - | ||||||||
| Add-on | Completed | Lovell Communications, Inc. | - | ||||||||
| Add-on | Completed | Medical Audit Resource Services, Inc. | - | ||||||||
| Add-on | Completed | Cirdan Health Systems and Consulting | - |
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