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  1. Business

Bayfront Hospital owner Health Management Associates agrees to takeover offer

Published Nov. 13, 2013

Naples-based Health Management Associates, which bought St. Petersburg's Bayfront Hospital earlier this year, said Wednesday its board now backs its proposed $7.6 billion takeover by Tennessee's Community Health Systems. HMA okayed the deal on the same day it reported a loss of $76.8 million, a sharp swing from the $40.9 million in profits the company earned a year ago.

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