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By 1956, the board of trustees purchased the property from Doctor Byerly, and the hospital became a voluntary, nonprofit community hospital.
1977: Hospital Management Associates, Inc. is founded by Joseph Greene.
The first phase, which was completed in May, 1982, was the construction of approximately 19,300 square feet of new space in a two-story building, which was added where the Mary Byerly Wing previously stood.
When Schoen was elected to the board of directors in February 1983, HMA had reported a meager profit of $251,000 on revenues of $25 million in its latest annual results.
Serving initially as a consultant to the company, he was soon named president and chief operating officer in December 1983 despite his lack of knowledge of the health care field.
Over the course of two years, he helped shift the company's focus to non-urban hospitals and brought in $7 million in outside investments, which led to Schoen being named co-CEO with Greene in December 1985.
By the end of 1986, HMA added three hospitals to the fold, leasing hospitals in Biloxi, Mississippi, and Marathon, Florida, and buying another in Louisbourgh, North Carolina.
To help support this expansion, Schoen took HMA public at $10 per share in 1986.
HMA added three more hospitals in 1987, leasing a facility in Van Buren, Arkansas, and buying hospitals in Durant, Oklahoma, and Hamlet, North Carolina.
In January 1989, HMA purchased an Orlando psychiatric hospital and a year later added the second of the company's two psychiatric hospitals by acquiring a Tesquesta, Florida, facility.
In 1991, it bought 281-bed Riverview Regional Medical Center, located in Gadsden, Alabama, the company's largest facility to date.
In July, 1997, a ground-breaking ceremony was held for the new $44.5 million dollar regional medical center located on Bobo Newsom Highway.
HMA added three hospitals to its system in 1997, agreeing to manage a hospital in Anniston, Alabama, leasing one in Brandon, Mississippi, and buying yet another in Little Rock, Arkansas, a market larger than the norm for the company.
HMA picked up the acquisition pace in 1998, adding five hospitals to the chain, leasing facilities in Brooksville, Florida, and Spring Hill, Florida, and buying two hospitals in Flowood and another in Meridian, Mississippi.
In January, 1999, Byerly officials announced the new medical center would be called Carolina Pines Regional Medical Center.
Also in 2000, HMA added hospitals in Dade City, Florida, and Statesville, North Carolina.
The company was well positioned for the change, its finances so strong that later in 2001 HMA was added to the S&P 500 Index, joining the ranks of other notable large-capitalization stocks.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Conway Medical Center | 1928 | $638.5M | 50 | 76 |
| McLeod Health | 1906 | $350.0M | 2,345 | 641 |
| Trident Medical Center | 1975 | $290.0M | 3,000 | 55 |
| Lexington Medical Center | 1971 | $3.8B | 2,652 | 182 |
| Livingston Hospital | 1964 | $34.6M | 150 | 67 |
| Carolinas Hospital System | 1989 | $150.0M | 1,000 | - |
| North Kansas City Hospital | 1958 | $1.8B | 2,057 | 136 |
| Gadsden Regional Medical Center | 1906 | $300.0M | 3,000 | 37 |
| Archbold Medical Center | 1983 | $350.0M | 2,700 | 107 |
| Eastern Niagara Hospital | 1908 | $19.0M | 125 | - |
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Carolina Pines Regional Medical Center may also be known as or be related to Carolina Pines Regional Medical Center, Hartsville HMA LLC and Hartsville HMA, LLC.