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Humana to Acquire Metropolitan Health Networks for $850M

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Humana (NYSE: HUM) and Metropolitan Health Networks,
Inc. (NYSE: MDF) today announced that they have entered
into a definitive agreement pursuant to which Humana will acquire
Metropolitan in a transaction valued at approximately $850 million plus
transaction costs. Headquartered in Boca Raton, Florida, Metropolitan is
a Medical Services Organization that provides and coordinates medical
care for approximately 87,500 Medicare Advantage, Medicaid, and other
beneficiaries, primarily in Florida utilizing a primary care-centric
business model.

Under the terms of the agreement, which has been approved by both
companies' boards of directors, Metropolitan stockholders will receive
$11.25 per share in cash from Humana for each Metropolitan share. Humana

See full press release

Posted-In: News Management M&A

 

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