UnitedHealthcare, part of UnitedHealth Group, Minnetonka, Minn., has agreed to buy two Florida health plans with about 97,000 members and eight care centers between them. Terms were undisclosed.
UnitedHealthcare in deals to buy Fla. plans, care centers
Under the agreement, UnitedHealthcare will buy Preferred Care Partners, Miami, which has about 50,000 Medicare Advantage members in South and Central Florida and in the Tampa area, according to a UnitedHealthcare news release. In addition, Preferred Care last year began serving Medicaid beneficiaries through its CareFlorida plan, which has about 5,000 members. Preferred Care also has six primary-care centers in Miami-Dade and Broward counties that are a part of the deal.
In a separate transaction, UnitedHealthcare agreed to purchase Medica HealthCare Plans, Coral Gables, Fla., which has about 35,000 Medicare Advantage members and 7,200 Medicaid beneficiaries in Miami-Dade and Broward counties. Medica also operates two medical centers, according to the release.
Insurers have shown increasing interest in buying physician practices.
The transactions are subject to customary regulatory approvals and are expected to close later this year, according to UnitedHealthcare's release.
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