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 Miami-Dade County.
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 coordination programs.
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. UnitedHealth Foundation’s Diverse Scholars Initiative promotes 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 well-being company.