Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Health Management Associates, Inc.

Market Wire, August, 2007

Attorney Advertising. Notice is hereby given that a class action has been commenced on behalf of an investor in the United States District Court for the Middle District of Florida on behalf of a class (the "Class") of all persons who purchased or acquired the securities of Health Management Associates, Inc. ("Health Management" or the "Company") (NYSE: HMA) between January 17, 2007 and July 30, 2007, inclusive (the "Class Period").

Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer's stock in their 401(k) plans. If you bought Health Management's stock through your Health Management retirement account and have information or would like to learn more about these claims, please contact us.

The complaint alleges that defendants violated the federal securities laws, by issuing a series of material misrepresentations during the Class Period thereby artificially inflating the price of Health Management securities. The Complaint alleges, among other things, that defendants engaged in a scheme to manipulate Health Management's policies in order to create the impression that the Company had its "bad debt expenses" under control in order to borrow additional money, and to get the Board to approve their recapitalization plan. On January 17, 2007, Health Management announced a major recapitalization which was completed in March 2007 and which required the company to borrow $3.25 billion of new debt to refinance existing debt and pay shareholders a special one-time cash dividend of $10.00. The Individual Defendants benefited substantially from this one-time dividend, given that they were major shareholders and each defendant received large sums of money.

As revealed on July 31, 2007, Health Management, throughout the Class Period, was experiencing a deterioration in the collectibility of its accounts receivable from uninsured patients. Health Management announced that for its second quarter of 2007 it took a $39.0 million charge, and recorded it as an additional reserve to reflect a decline in collectibility of accounts receivable from uninsured patients. Moreover, the Company updated its fiscal 2007 diluted EPS from continuing operations objective range to be between $0.45 and $0.50 to reflect increased uninsured volumes, a deterioration in the collectibility of accounts receivable related to those uninsured volumes, and lower than anticipated overall paying volumes.

On this unexpected news the price of Health Management stock dropped almost 25% to close at $8.06 on July 31, 2007.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Health Management securities during the Class Period, which is from January 17, 2007 and July 30, 2007. If you purchased or otherwise acquired Health Management securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. If you purchased Health Management's securities during the Class Period, you may request that the Court appoint you as lead plaintiff no later than 60 days from August 2, 2007.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at SSBNY@aol.com , by calling toll-free 1-800-337-4983, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com .

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contact: Tzivia Brody, Esq. Stull, Stull & Brody Email Contact 1-800-337-4983 fax 212/490-2022 www.ssbny.com