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  "docSlug": "ad16f67f6f75",
  "documentTitle": "Health Management Associates (HMA)",
  "authorId": "12_Glenview",
  "authorName": "Larry Robbins",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-07-01 00:00:00",
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  "slideType": "peer_benchmark",
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  "density": "dense",
  "nDataPoints": 16,
  "notes": "The slide uses a consistent 'underperformance' delta calculation across multiple time horizons to build a narrative of long-term failure.",
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      "kind": "callout",
      "text": "HMA’s total shareholder return has sharply and consistently lagged other publicly traded hospital companies",
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      "text": "5-year TSR performance",
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      "text": "10-year TSR performance",
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      "text": "1-year TSR performance",
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      "text": "Total Shareholder Return: -104%",
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      "kind": "source-note",
      "text": "Source: Bloomberg total shareholder return analysis assuming dividends reinvested in security. 1. “Hospital Group” includes HCA, THC, CYH, LPNT, and UHS, except where noted. 2. 3, 5, and 10-year data excludes HCA.",
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      "kind": "title",
      "text": "Total Shareholder Return – Consistent Underperformance",
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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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