Shares of Health Management Associates (NYSE:HMA), one of the larger for-profit hospital operators in the country, dropped Monday after a controversial segment aired on 60 Minutes last night. The company issued a statement ahead of the episode and is currently facing investigation over the questionable practices highlighted during the show. In the following video, Brenton Flynn details the allegations and notes that the company has not admitted any wrongdoing, attributing these claims to disgruntled employees.
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The recent 60 Minutes piece on Health Management Associates has the company scrambling to explain itself.
Brenton Flynn has no positions in the stocks mentioned above. Max Macaluso has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Amedisys and Tenet Healthcare. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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