Metropolitan Health Networks, Humana to expand services

Metropolitan Health Networks, Humana to expand services

WEST PALM BEACH, Fla., Sept. 4 /PRNewswire-FirstCall/ -- Metropolitan Health Networks, Inc. ("Metropolitan") (AMEX:MDF) a provider of high quality, comprehensive healthcare services to patients in South and Central Florida, today announced that its wholly owned provider service network (PSN) subsidiary, Metcare of Florida, Inc., has amended its existing agreement with Humana to expand its PSN business into nine additional Florida counties.

These additions bring the total Humana service area to include 27 Florida counties. The added counties include Orange, Seminole and Osceola in the Orlando market, and Putnam, Clay, St. Johns, Duval, Nassau and Baker in northeast Florida. These counties currently are home to approximately 400,000 Medicare beneficiaries, of which about 20% are currently enrolled in Medicare Advantage plans.

Commenting on the expansion, Michael Earley, Chairman & CEO, noted, "This expansion continues our efforts to build and strengthen our relationship with Humana. Following on the heels of our just-completed sale of Metcare Health Plans, Inc., these additional counties enhance our ability to invest in and grow our successful PSN business. The new counties include the established but growing Orlando market, and developing Jacksonville and its surrounding area. While this expansion is not expected to bring immediate additional membership and revenues, it does offer us the opportunity to develop a network of primary care physicians who will serve a new customer base which we expect to aggressively pursue in conjunction with Humana."

About Metropolitan Health Networks
Metropolitan is a growing healthcare organization in Florida that provides comprehensive healthcare services for Medicare Advantage members and other patients in South and Central Florida. To learn more about Metropolitan Health Networks, Inc. please visit its website at http://www.metcare.com/.