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Punta Gorda HMA Inc company history timeline

1947

On Monday, August 18, 1947, the first patient, Gussie (Peeples) Baker is admitted for a tonsillectomy.

1950

After the war in the late 1950’s another boom began with new subdivisions platted with canals connected to Charlotte Harbor in the Punta Gorda Isles and Burnt Store Isles neighborhoods.

1959

In 1959 the hospital changes its name to Charlotte Community Hospital to better identify itself as a facility dedicated to serving the entire community.

1974

In 1974 a new three-story addition is built, expanding patient capacity to 156.

1977

The year 1977 brings a significant expansion in the hospital's diagnostic capabilities with the acquisition of an ultrasound unit and CT scanner.

HMA, which was originally called Hospital Management Associates, Inc., was formed in 1977 in Naples, Florida, by Joseph Greene.

1983

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.

1985

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.

In the spring of 1985, the Cardiac Rehabilitation Center is opened.

1986

In February 1986, two cardiologists perform the first cardiac catheterization.

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.

1987

HMA added three more hospitals in 1987, leasing a facility in Van Buren, Arkansas, and buying hospitals in Durant, Oklahoma, and Hamlet, North Carolina.

1988

Another hospital, located in Gaffney, South Carolina, was purchased in March 1988.

In August 1988, a management-led investment group paid $14.75 for each share of stock, nearly $85 million in all, and removed HMA and its chain of a dozen hospitals from public ownership.

1989

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.

A modular cardiac catheterization unit is utilized until March 1989, when the first in-house cath lab is opened.

1990

In 1990 Sunbelt purchases Home Health Services of Charlotte and later adds a Lee County office.

1991

In 1991, it bought 281-bed Riverview Regional Medical Center, located in Gadsden, Alabama, the company’s largest facility to date.

1993

In 1993, HMA acquired hospitals in Greater Haines City, Florida, and Natchez, Mississippi.

1994

In December 1994, the name changed to Charlotte Regional Medical Center.

1995

In 1995, they added two hospitals, one in Hartsville, South Carolina, and another in Statesboro, Georgia.

1997

In April 1997, he was named HMA’s president as well as chief administrative Officer and chief operating officer.

1999

In 1999, HMA arranged to lease two more hospitals, located in Jackson, Mississippi, and Key West, Florida, and bought a third in Lancaster, Pennsylvania.

2001

In January 2001, Schoen, at 65 years of age, stepped down as CEO in favor of Vumbacco, some ten years younger, although he stayed on as chairman.

2011

In 2011, the da Vinci Si Sugical System is purchased for $1.5 million and was the first system of its kind in Charlotte County.

2012

Our cardiac care program remains a thriving one until 2012 when the program is transferred to our sister hospital at Peace River Regional, where a cardiac care wing has been built.

2022

"Health Management Associates, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/health-management-associates-inc

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Founded
1947
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Headquarters
Punta Gorda, FL
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