Larry Robbins' Glenview Capital Boosts Health Management Associates Stake

From market folly
December 31, 2013 - 12:02pm

Highlighting some relevant SEC filings from over the holidays, we wanted to flag a series of Form 4's and an amended 13G filed by Larry Robbins' hedge fund firm Glenview Capital on Health Management Associates (HMA).  Per the filings, Glenview has revealed over a 13% stake in HMA with 34,059,503 shares.  Around two weeks ago, Glenview purchased 5,430,227 HMA shares at prices between $9 and $9.19.  This marks almost a 33% increase in their position size since the end of the third quarter. While those share prices are weighted averages from the SEC filings, HMA is largely still trading around those levels now. Glenview Continues To Bet On Hospitals Hospitals and healthcare plays have been a big theme in Glenview's portfolio and Robbins has done extremely well with some of these positions (in particular Tenet Healthcare).  Robbins originally pitched going long hospi...

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