UnitedHealthcare to Strengthen Service to Florida with Purchase of Preferred Care Partners and Medica Healthcare

Demonstrating the company’s 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 UnitedHealthcare’s 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 Care’s six primary care centers in Miami-Dade and Broward

counties. As part of the Medica transaction, UnitedHealthcare will

acquire Medica’s 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 Care’s and Medica’s health plans and primary care centers will

enhance UnitedHealthcare’s 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 UnitedHealthcare’s

support to Step Up For Students, a nonprofit that administers the

Florida Tax Credit Scholarship for low-income students, and the

UnitedHealth Foundation’s support of the Diverse Scholars Initiative

to promote future professional involvement in the health industry among

students from multicultural backgrounds.

About UnitedHealthcare

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

well-being company.