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A.M. Best Co. has commented that the financial strength, issuer credit and debt ratings of
Humana Inc. (Humana) (Louisville, KY) (NYSE: HUM) and its insurance and health maintenance organization (HMO) subsidiaries remain unchanged. The outlook for all ratings is stable.
This comment follows the announcement that Humana has entered into a definitive agreement to acquire Metropolitan Health Networks (Metropolitan), a medical services organization that provides and coordinates medical care for approximately 87,500 Medicare Advantage, Medicaid and other beneficiaries, primarily in Florida, utilizing a primary care-centric business model. Metropolitan’s integrated care delivery systems include 35 state-of-the-art primary care medical centers and a robust network of affiliated physicians serving mainly Humana members. The transaction is valued at approximately $850 million, and Humana expects to finance the transaction with a combination of cash and debt.