UnitedHealth Group Inc. : UnitedHealthcare Extends Commitment to Helping Floridians Live Healthier Lives with Completion of Preferred Care Partners, Medica HealthCare Purchases
06/06/2012| 06:05am US/Eastern
UnitedHealthcare to maintain strong local focus and management
Underscoring the company's ongoing commitment to helping Floridians of
all ages live healthier, fuller lives, UnitedHealthcare, a UnitedHealth
Group (NYSE:UNH) company, has completed its planned purchase of
Preferred Care Partners (Preferred Care) and Medica HealthCare Plans
(Medica), senior-focused health plans with operations primarily in South
and Central Florida.
Preferred Care Partners and Medica add strong local focus to
UnitedHealthcare's national health care expertise and resources, further
demonstrating UnitedHealthcare's dedication to serving health care
consumers across Florida.
"Preferred Care and Medica have long provided access to quality,
affordable health care for older Floridians," said Tom Paul, CEO of
UnitedHealthcare Medicare & Retirement. "We look forward to working with
Preferred Care and Medica leaders and employees, with their
longstanding service, roots and relationships in local communities, to
bring additional health innovations that increase access and value to
the communities we collectively serve in Florida."
Preferred Care, based in Miami, serves more than 50,000 Medicare
Advantage members in South Florida, Central Florida and the Tampa area.
In 2011, Preferred Care began serving Medicaid beneficiaries through its
CareFlorida plan, which has 5,000 members. As part of the transaction,
UnitedHealthcare acquired Preferred Care's six medical centers in
Medica, based in Coral Gables, serves more than 35,000 Medicare
beneficiaries, 7,000 Medicaid beneficiaries - as well as roughly 1,000
individual and 800 small group commercial members - in Miami?Dade and
Broward counties. As part of the transaction, UnitedHealthcare acquired
Medica's two medical centers, located in Miami-Dade County.
The senior and Medicaid products offered by Preferred Care and Medica
join a robust UnitedHealthcare portfolio in Florida, which includes
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
UnitedHealth Group employs more than 5,000 Floridians and has invested
significant resources in communities throughout the state.
UnitedHealthcare supports Step Up For Students, a nonprofit that
administers the Florida Tax Credit Scholarship for low-income students.
United Health Foundation's Diverse Scholars Initiative promotes future
professional involvement in the health industry among students from
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
Elizabeth Calzadilla-Fiallo, 954-378-0537
© Business Wire 2012