Demonstrating the companys continued commitment to serving health care
consumers across Florida, UnitedHealthcare, a UnitedHealth Group
(NYSE:UNH) company, has agreed to purchase Preferred Care Partners
(Preferred Care) and Medica HealthCare Plans (Medica), senior-focused
health plans with operations primarily in South and Central Florida. The
acquisitions will be two separate transactions.
Preferred Care and Medica each combine a strong record of providing
quality, affordable health care coverage to Floridians with solid
relationships with physicians and other health care providers, said
Gail Boudreaux, Chief Executive Officer of UnitedHealthcare. Joining
these strengths with UnitedHealthcares record of practical health
innovation will bring greater health care access and value to Floridians
and the health care community that serves them.
Preferred Care, based in Miami, serves approximately 50,000 Medicare
Advantage members in South Florida, Central Florida and the Tampa area.
In addition, Preferred Care in 2011 began serving Medicaid beneficiaries
through its CareFlorida plan, which has 5,000 members. Medica, based in
Coral Cables, serves approximately 35,000 Medicare Advantage members and
7,200 Medicaid beneficiaries in Miami-Dade and Broward counties.
As part of the Preferred Care transaction, UnitedHealthcare will acquire
Preferred Cares six primary care centers in Miami-Dade and Broward
counties. As part of the Medica transaction, UnitedHealthcare will
acquire Medicas two medical centers, located in Coral Gables and
Hialeah. The transactions are subject to customary regulatory approvals
and are expected to close later this year.
Preferred Cares and Medicas health plans and primary care centers will
enhance UnitedHealthcares offerings in Florida, which include
employer-sponsored health plans, individual plans, Medicare Advantage
plans, Medicare Supplement plans, Part D prescription drug plans,
Medicaid managed care plans, chronic disease management and care
coordination programs. UnitedHealthcare Medicare Advantage members in
Florida have access to a network statewide of more than 21,000
physicians and 161 hospitals.
UnitedHealth Group has invested significant resources in Florida and
employs more than 5,000 Floridians. UnitedHealth Group actively supports
Florida communities through initiatives such as UnitedHealthcares
support to Step Up For Students, a nonprofit that administers the
Florida Tax Credit Scholarship for low-income students, and the
UnitedHealth Foundations support of the Diverse Scholars Initiative
to promote future professional involvement in the health industry among
students from multicultural backgrounds.
UnitedHealthcare is dedicated to helping people nationwide live
healthier lives by simplifying the health care experience, meeting
consumer health and wellness needs, and sustaining trusted relationships
with care providers. The company offers the full spectrum of health
benefit programs for individuals, employers and Medicare and Medicaid
beneficiaries, and contracts directly with more than 650,000 physicians
and care professionals and 5,000 hospitals nationwide. UnitedHealthcare
serves more than 38 million people and is one of the businesses of
UnitedHealth Group (NYSE: UNH), a diversified Fortune 50 health and