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  "documentTitle": "Health Management Associates (HMA)",
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  "authorName": "Larry Robbins",
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  "presentationDate": "2013-07-01 00:00:00",
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  "notes": "The slide highlights a consistent pattern of public statements to support an argument of management misapplication of incentives.",
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      "text": "For a full year, HMA had given 2012 guidance to Wall Street that excluded HITECH incentive payments – while holding themselves to a much lower internal target",
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      "text": "Question: \"The 2012 numbers for guidance exclude the meaningful use payments?\" HMA CFO: \"That’s correct.\" — Q4 Investor Call, January 13, 2013",
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      "text": "Source: Company filings, press releases, earnings calls and Morgan Stanley equity research.",
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      "text": "HMA MISAPPLIED MANAGEMENT INCENTIVE COMPENSATION",
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