Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
UnitedHealthcare buys Preferred Care, Medica HMOs
Miami Herald, February 29, 2012
UnitedHealthcare, the giant nationwide insurer, announced Tuesday it has agreed to purchase two Miami-Dade based Medicare and Medicaid insurance plans that have more than 100,000 members and eight clinics. Terms of the two deals were not announced. UHC's earlier foray into the Miami-Dade market proved disastrous. In 1994, UHC spent $500 million for another HMO, CAC Ramsey HMO and its 18 clinics. The Minneapolis-based UHC "didn't understand the culture," said former CAC Ramsey executive Miguel "Mike" Fernandez in a 2007 interview.
Most Viewed
Most Emailed
- Primary Care Docs Average More Hospital Revenue Than Specialists
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- Building a Better Healthcare Board
- Q&A: Catholic Health Initiatives' New Senior VP for Capital Finance
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Quiet ORs Better for Patient Safety
- CMS Releases Hospital Pricing Data
- Evidence-Based Practice and Nursing Research: Avoiding Confusion
- Hospital Pricing Data Dump Won't Hurt You, Yet
- Telemedicine is Retail Health Clinics' Newest Tool
