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Heartland Media Acquisition Corp   (HMA)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $10.5400 $-0.06 -0.566%
Day's High: $10.55 Week Perf: -0.19 %
Day's Low: $ 10.54 30 Day Perf: 0.48 %
Volume (M): 1,322 52 Wk High: $ 10.63
Volume (M$): $ 13,936 52 Wk Avg: $10.48
Open: $10.55 52 Wk Low: $10.35



 Market Capitalization (Millions $) 203
 Shares Outstanding (Millions) 19
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 4
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Heartland Media Acquisition Corp
Through our subsidiaries, we own and operate general acute care hospitals and psychiatric hospitals in non-urban communities. We operated 47 hospitals, consisting of 45 acute care hospitals with a total of 6,337 licensed beds and two psychiatric hospitals with a total of 142 licensed beds. We operated facilities located in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

Services provided by our hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, behavioral health services and psychiatric care and, in several of our hospitals, specialized services such as open-heart surgery and neuro-surgery. Our facilities benefit from corporate resources, such as purchasing, information services, finance and control systems, facilities planning, physician recruitment services, administrative personnel management, marketing and public relations.

Market

Our market for operating and acquiring acute care hospitals is primarily non-urban areas of 30,000 to 400,000 people in the southeastern and southwestern United States. Typically, the acute care hospitals we acquire are, or can become, the sole or preferred provider of health care services in their market areas. Our target markets generally have the following characteristics:

' A history of being medically underserved. We believe that we can enhance and increase the level and quality of health care services in many underserved markets.

' A growing elderly population. We believe that this growing population uses a higher volume of the services our hospitals provide.

' The existence of patient outmigration trends to urban medical centers. In many instances, based on community needs, we believe that we can recruit new physicians based on community need and purchase the new equipment necessary to reverse outmigration trends.

' States in which a certificate of need is required to construct a new hospital facility or add licensed beds to an existing hospital facility. We believe that states which require certificates of need have higher barriers to entry and, in many instances, permit us to be the sole or preferred service provider in a geographic area.

' Areas in which marketing does not play a major role in patients' selection of health care.

We continually seek to improve the quality of the health care services we deliver with the help of our company-wide proprietary QSM patient quality management program. Surveyed patient's are asked to fill out a confidential survey that seeks their perception of the hospital's health care services, including medical treatment, nursing care, the hospital's attention to patient concerns, the administration process, cleanliness of the facility, and the quality of dietary services. Each hospital management team utilizes information provided by our QSM program to improve and enhance services.

Competition

In many of the geographic areas in which we operate, there are other hospitals that provide services comparable to those offered by our hospitals. Generally, such competition is limited to a single or small number of competitors in each hospital's respective market service area. In fact, with respect to the delivery of general acute care services, we believe that most of our hospitals face less competition in their immediate market service areas than they would likely face in larger communities. In market service areas where our hospitals do face increased competition, we believe that they distinguish themselves based on the quality and scope of medical services they provide.

Certain of our competitors may have greater resources than we do, may be better equipped than we are and could offer a broader range of services than we do. For example, some hospitals that compete with us are owned by governmental agencies and are supported by tax revenues, and others are owned by not-for-profit corporations and may be supported to a large extent by endowments and charitable contributions. Such support is not available to our hospitals. In addition, outpatient treatment and diagnostic facilities, outpatient surgical centers and freestanding ambulatory surgical centers also affect the health care marketplace.

A majority of our hospitals are located in states that have certificate of need laws. These laws limit competition by placing regulations on the construction of new hospital or health care facilities, the addition of new beds, or the addition of significant new services. We believe that such states have higher barriers to entry and, in many instances, permit us to be the sole or preferred service provider in a geographic area.

The competitive position of our hospitals is also increasingly affected by our ability to negotiate service contracts with purchasers of group health care services. Such purchasers include employers, preferred provider organizations, or PPOs, and health maintenance organizations, or HMOs. PPOs and HMOs attempt to direct and control the use of hospital services by managing care and either receive discounts from a hospital's established charges or pay based on a fixed per diem or a capitated basis, where hospitals receive fixed periodic payments based on the number of members of the organization regardless of the actual services provided. To date, HMOs have not affected the competitive position of our hospitals. In addition, employers and traditional health insurers are increasingly interested in containing costs through negotiations with hospitals for managed care programs and discounts from established charges. In return, hospitals secure commitments for a larger number of potential patients. We believe that we have been proactive in establishing or joining such programs to maintain, and even increase, hospital services. We also believe that we are able to compete effectively in our markets, and do not believe such programs will have a significant adverse impact on our business or operations.

We are in an industry that has a competitive labor market. We face competition for attracting and retaining health care professionals. In recent years there has been a nationwide shortage of qualified nurses. In order to address this shortage, we have been improving hospital working conditions, fostering relationships with local nursing schools, and implementing our NurseSelectTM internal nursing agency in four of our markets.



   Company Address: 3282 Northside Pkwy Atlanta 30327 GA
   Company Phone Number: 355-1944   Stock Exchange / Ticker: NYSE HMA
   HMA is expected to report next financial results on April 16, 2024.


Customers Net Income fell by HMA's Customers Net Profit Margin fell to

-2.72 %

5.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DVA   -1.57%    
FMS   -5.13%    
THC        0.42% 
• View Complete Report
   



Heartland Media Acquisition Corp

Expenses Surge as Heartland Media Acquisition Corp's First Quarter 2023 Earnings Season Reveals a Sharp Decline in Return on Assets

The recent financial performance of Heartland Media Acquisition Corp has revealed a sharp decline in its Return on Asset (ROA) metric, with the first quarter of 2023 yielding just a 2% ROA, far below its historic average of 3.61%. The company's ROA has dipped further relative to the period ending December 31, 2022, primarily due to a decline in net income.
To compound matters, Heartland Media Acquisition Corp's metrics are lagging behind those of its peers; within the Financial sector, as many as 315 companies delivered a higher ROA compared to Heartland Media Acquisition Corp. This is a worrying trend, and one that is reflected in the total ranking of the company, which has deteriorated to 1609 from 1346 in the previous reporting quarter.






 

Heartland Media Acquisition's Operating Statistics Decrease / Increase
       
Occupancy %   Occupancy % Decline   
Patient days   Patient days Decline   
Admissions   Admissions Decline   
Adjusted admissions    Adjusted admissions Growth   
Total surgeries    Total surgeries Growth   
Outpatient revenue %    Outpatient revenue % Growth   
Inpatient revenue %   Inpatient revenue % Decline   




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