Health Management Associates CEO Gary Newsome's Pay Rises 11.3% in 2011

Last year, total compensation for Gary Newsome, president and CEO of Naples, Fla.-based Health Management Associates, increased 11.3 percent, from $6.38 million in 2010 to $7.11 million in 2011, according to documents from the U.S. Securities and Exchange Commission.

Mr. Newsome's pay increased primarily due to higher incentives and bonuses. Last year, his incentives totaled $2.4 million compared with $1.9 million in 2010. Mr. Newsome's base salary rose slightly from $900,000 to $941,667, and he also received $3 million in stock awards, $589,004 in supplemental executive retirement plan benefits and more than $179,000 in other perquisites such as an automobile allowance and access to company aircrafts.

Kelly Curry, CFO of Health Management, was the second-highest-paid executive, earning $3.41 million last year. His base salary was the same from 2010 to 2011 at $675,000, and he earned $1.13 million in stock awards and $1.33 million in bonuses and incentives.

More Articles on Hospital Executive Compensation:

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