M&A Deal Summary

Humana Acquires Metcare Health Plans

On June 30, 2008, Humana acquired insurance company Metcare Health Plans from Metropolitan Health Networks for 14M USD

Acquisition Highlights
  • This is Humana’s 3rd transaction in the Insurance sector.
  • This is Humana’s 14th largest (disclosed) transaction.
  • This is Humana’s 11th transaction in the United States.
  • This is Humana’s 3rd transaction in Florida.

M&A Deal Summary
Date 2008-06-30
Target Metcare Health Plans
Sector Insurance
Buyer(s) Humana
Sellers(s) Metropolitan Health Networks
Deal Type Divestiture
Deal Value 14M USD

Target

Metcare Health Plans

Miramar, Florida, United States
MHP offers a Medicare Advantage health plan called AdvantageCare, which provides Medicare beneficiaries with access to comprehensive healthcare coverage in Florida.

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Buyer(S) 1

Buyer

Humana

Louisville, Kentucky, United States
Category Company
Founded 1961
Sector Healthcare Services
Employees67,600
Revenue 106.4B USD (2023)
DESCRIPTION

Humana is a managed healthcare company that markets and administers health insurance. Humana operates through three segments. These include Retail, Employer Group, and Healthcare Services. The Retail segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products, marketed directly to individuals. The Employer Group segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary benefit products. The Healthcare Services segment includes services offered to health plan members as well as to third parties, including pharmacy, provider services, home based services, integrated behavioral health services, and predictive modeling and informatics services. Humana was formed in 1961 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 11 of 33
Sector (Insurance) 3 of 4
Type (Divestiture) 3 of 5
State (Florida) 3 of 7
Country (United States) 11 of 33
Year (2008) 2 of 3
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-20 OSF Healthcare System

Peoria, Illinois, United States

OSF HealthCare, owned and operated by The Sisters of the Third Order of St. Francis, Peoria, Illinois, includes OSF Healthcare System consisting of ninehospitals and medical centers, one long-term care facility, and two colleges of nursing. Additionally, OSF Medical Group is a primary care physician network consisting of more than 600 primary care, specialist physicians, and advanced practice providers.

Buy $91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-04 PHP Companies

Knoxville, Tennessee, United States

Cariten is a health-benefits company serving commercial, Medicare and Medicaid members in multiple counties throughout the eastern half of Tennessee.

Buy $245M

Seller(S) 1

SELLER

Metropolitan Health Networks

Boca Raton, Florida, United States
Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

Metropolitan Health Networks, Inc. is a primary care network of doctors, nurses and specialists for seniors insured through Medicare.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 Continucare

Miami, Florida, United States

Continucare Corp. is a group of physicians and healthcare professionals who believe "old-fashioned" customer service and state-of-the-practice medical care go hand-in-hand.

Buy -
Mergr

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