How "60 Minutes" Killed HMA

By Dave Williamson – Apr 15, 2013 at 10:28AM

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The award winning show had a big negative impact on the hospital's first quarter.

In early December, 60 Minutes aired a segment called "Hospitals: The Cost of Admission." It relentlessly went after Health Management Associates over its admissions practices, so it shouldn't be completely surprising that when the company previewed its first-quarter numbers, admissions fell. This caused a 16% plunge in HMA and sparked a hospital sector sell-off. In this video, Fool health-care analyst David Williamson discusses what this means for investors heading into earnings season.

David Williamson has no position in any stocks mentioned. Follow David on Twitter: @MotleyDavid.

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