A Weil team led by Corporate Chairman Michael Aiello is advising Health Management Associates, Inc. (HMA), which owns 71 hospitals in 15 states, in its $7.6 billion sale (including assumption of debt) to Community Health Systems, Inc. (CHS), one of the largest publicly traded hospital companies in the US. The transaction is expected to close by the end of the first quarter of 2014 and is subject to customary closing conditions, including regulatory approval and HMA stockholder approval.
In addition to Mr. Aiello, the Weil team advising HMA includes Mergers & Acquisitions partner Matthew Gilroy and Mergers & Acquisitions associates Sachin Kohli, Frank Martire, Faraz Rana, Mike Ray and Steve Sun (all in New York).
