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  "docSlug": "ad16f67f6f75",
  "documentTitle": "Health Management Associates (HMA)",
  "authorId": "12_Glenview",
  "authorName": "Larry Robbins",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-07-01 00:00:00",
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  "pageNumber": 10,
  "pageCount": 54,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "peer_benchmark",
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  "density": "dense",
  "nDataPoints": 24,
  "notes": "The slide uses a comparison frame to highlight HMA's operational underperformance relative to peers.",
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      "kind": "callout",
      "text": "Relative to its hospital peers, HMA has demonstrated consistent, escalating underperformance on both same-store admissions and same-store adjusted admissions over the past 5 years",
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      "kind": "chart",
      "text": "Same-store Admissions Growth",
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      "text": "Same-store Adjusted Admissions Growth",
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      "text": "Same-store Admissions Growth: -4.8%",
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      "kind": "source-note",
      "text": "Note: \"Hospital Group\" includes HCA, THC, CYH, LPNT, and UHS (acute only). Source: Company filings, press releases, earnings calls and Morgan Stanley equity research.",
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      "kind": "table",
      "text": "Performance metrics table showing quarters underperformed by HMA vs Hospital Group",
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      "kind": "title",
      "text": "Substandard Financial Management and Focus",
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      "evidence": "The document agitates the issues, highlighting the consequences of the current board and management's actions, including multiple investigations, inconsistent financial management, and misaligned executive incentive compensation.",
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