Health Management Associates Inc. (HMA) engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. The company generally operates in the southern states of the US. The chart below shows the states in which the company is currently operating.
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Categorized as an aggressive growth company, it has increased its net revenues at an average rate of 14% and grown its number of licensed beds by 7.2% over the past three years. However, despite its substantial growth, the company has been unable to translate this into higher profits due to a gradual decline in the company's net and operating margins over the years.