Health Management prepays some term loan debt

By Sara Rosenberg

New York, Aug. 8 - Health Management Associates Inc. prepaid $75.3 million of its term loan during the first half of this year, according to a 10-Q filed with the Securities and Exchange Commission Friday.

In addition, as a result of the excess cash flow requirement, the company repaid another roughly $47.7 million of its term loan in the first half based on excess cash flow generated during the year ended Dec. 31, 2007.

Health Management is a Naples, Fla.-based owner and operator of general acute care hospitals.

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