Metropolitan Health Networks Adds 3,000 New Medicare Lives in Florida
Approximately $15 Million in Annualized Revenues
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 28, 2001-- Metropolitan Health Networks, Inc.
(METCARE(TM))(OTC BB: MDPA) today announced that it has expanded its risk contracts by approximately 3,000
Medicare lives in Volusia and Palm Beach Counties.
Annualized revenues are expected to approximate $15 million. This growth will bring METCARE's combined membership in
Florida to approximately 48,000 patients.
``We are pleased to announce these additions and the resulting growth in the Daytona and Palm Beach markets,'' said Fred
Sternberg, Metcare's President and CEO. ``We continue to successfully execute our strategy and take advantage of
opportunities to grow our business profitably in our existing markets. We are confident in our ability to move these 3,000
new members into our extensive provider network quickly while ensuring the continuity of high quality care for these
members.''
About Metropolitan Health Networks, Inc.
METCARE is one of the fastest growing healthcare organizations in Florida. The company currently provides healthcare
services for approximately combined 48,000 patients and has a Network of physicians serving more than a million people
from Miami to Daytona Beach on Florida's East Coast. METCARE is focused on providing managed-care organizations a
proven healthcare delivery mode, allowing it to manage real-time referrals, appointment scheduling, claims review, pharmacy
management and utilization review. |
