Kentucky-Based Humana Acquires Metropolitan Health Networks
Circle Connections: Mergers & Acquisitions Health insurer Humana announced it has acquired Metropolitan Health Networks, based in Boca Raton, Fla., in an approximately $850 million transaction. Metropolitan is a medical services organization that coordinates primary care for Medicare Advantage and Medicaid beneficiaries. Humana will settle Metropolitan's debts and pay its shareholders $11.25 per share, according to a statement. Humana initially announced the deal in November, at the same time it declared lower-than expected third-quarter profits. This was reported by Becker's Hospital Review on December 26, 2012. Contact information: Tom Noland, Corporate Communications, Humana, 500 West . . .
