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UnitedHealthcare recently announced that they will be purchasing Preferred Care Partners and Medica HealthCare Plans which are both senior focused plans with operations mostly in southern and central Florida. The companies combined serve a combined 85,000 Medicare Advantage members in South Florida, Central Florida and the Tampa area.
This major acquisition is big news for UnitedHealthcare as they expand their customer base. Each acquisition will be separate transactions and should be complete by the end of the year. UnitedHealthcare is looking to buy Preferred Care’s six primary care centers throughout Miami-Dade and Broward counties.
Medica’s transaction will be major as well. UnitedHealthcare will be purchasing two of Medica’s medical centers in Coral Gables and Hialeah. No financial terms have been released at this time, but it’s expected to be a promising acquisition decision. UnitedHealthcare sees a solid future as they move forward with more centers and more senior customers.
Written by Sam Tabes
Follow me on Twitter: https://twitter.com/#!/smartshopper78
Tags: florida health insurance, Medica health insurance, medicare advantage, unitedhealthcare
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