reports
Universal American Accountable Care Organization in the Maryland/Virgi...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced that Accountable Care Coalition of Chesapeake, LLC (ACC Chesapeake), an accountable care organization formed in partnership with primary care physicians, was chosen by the Centers for Medicare and Medicaid Services (CMS) to participate in the Next Generation ACO Model beginning on January 1, 2017. The Next Generation ACO Model is a value-based payment model that encourages providers to assume greater risk and reward for improving the quality and reduci...
Universal American Announces Maryland Independent Physician Associatio...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced today that more than 120 Maryland primary care providers have formally come together to improve patient care, reduce overall healthcare costs, and embrace the changes resulting from healthcare payment reform. Together these providers will partner with Collaborative Health Systems, a Universal American company, to form Chesapeake Independent Physician Association (IPA). The Chesapeake IPA is a physician-led Maryland IPA that is focused on value...
Universal American Corp. Reports 2016 Fourth Quarter Results
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) today announced financial results for the quarter and year ended December 31, 2016. WellCare Transaction Update As previously announced, on November 17, 2016, Universal American entered into a definitive agreement with WellCare Health Plans, Inc. (“WellCare”) under which WellCare will acquire Universal American in an all cash transaction valued at $10.00 per share of common stock (the “WellCare Transaction”). ...
Universal American Stockholders Approve Pending Merger with WellCare
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced that during a special stockholder meeting held earlier today, its stockholders voted to approve the adoption of the previously announced merger agreement, dated as of November 17, 2016, providing for the acquisition of Universal American by WellCare Health Plans, Inc. At the special meeting, more than 99% of the shares represented in person or by proxy voted to approve the acquisition, which represents approximately 89% of Universal American’s...
WellCare and Universal American Announce Early Termination of Hart-Sco...
TAMPA, Fla. & WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- WellCare Health Plans, Inc. (NYSE:WCG) and Universal American Corp. (NYSE:UAM) announced today the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) for WellCare’s proposed acquisition of Universal American Corp. Termination of the HSR Act waiting period satisfies one of the conditions to the closing of the transaction. The transaction, which is expected to close in the second quarter of 2017, remains subject to other cl...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
INVESTOR ALERT: Brower Piven Commences An Investigation Into The Propo...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Universal American Corp. (NYSE: UAM) (“UAM” or the “Company”) relating to the proposed buyout of UAM by WellCare Health Plans, Inc. Under the terms of the agreement, UAM shareholders are anticipated to receive $10.00 in cash for each share of UAM common stock held. The firm’...
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Pr...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Universal American Corp. (NYSE: UAM) (“UAM” or the “Company”) relating to the proposed buyout of UAM by WellCare Health Plans, Inc. Under the terms of the agreement, UAM shareholders are anticipated to receive $10.00 in cash for each share of UAM common stock held. The firm’...
Primary Care Physicians in Universal American ACO to Launch Pilot with...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced today that the Accountable Care Coalition of the Tri-Counties, a Medicare Shared Savings Program ACO formed with primary care physicians in Charleston, South Carolina, will conduct a pilot with a network of independently-owned pharmacies. The pharmacies are part of Community PerformanceRx MSO, the first nationally-integrated pharmacy management services organization (MSO) and a wholly owned subsidiary of PrescribeWellness. Primary care physici...
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Conce...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Universal American Corp. (“Universal American”) (NYSE: UAM) stock prior to November 17, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Universal American to WellCare Health Plans, Inc. for $10.00 per share. To learn more about the action and your rights, go to: http://zlk.9nl.com/universal-ameri...
UNIVERSAL AMERICAN CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Ann...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Universal American Corp. (NYSE: UAM)? Did you purchase any of your shares prior to November 17, 2016? Do you think the proposed buyout price is too low? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Universal American Corp. (“Universal American” or the “Company”) (NYS...
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Into ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Universal American Corp. (“Universal American”) (NYSE: UAM) stock prior to November 17, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Universal American to WellCare Health Plans, Inc. for $10.00 per share. To learn more about the action and your rights, go to: http://zlk.9nl.com/universal-ameri...
Universal American Corp. Shareholder Alert: Former SEC Attorney Willie...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Universal American Corp. (“Universal American”) (NYSE: UAM) concerning the merger with WellCare Health Plans, Inc. Under the terms of the agreement, valued at approximately $600 million, Universal American shareholders will only receive $10.00 per share held. If you are an affected investor, and you...
Collaborative Health Systems to Present at Community Health Centers Co...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Collaborative Health Systems (CHS), a Universal American company (NYSE:UAM), announced today that its president, Jeffery Spight, will present at the 2016 Primary Care Association and Health Center Controlled Network conference at the Hilton Pasadena hotel in Pasadena, California on Tuesday, November 15. The conference is sponsored by the National Association of Community Health Centers (NACHC). CHS currently partners with approximately 5,000 providers, mostly primary care ...
Universal American Corp. Reports 2016 Third Quarter Results
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) today announced financial results for the quarter ended September 30, 2016. Recent Developments In June 2016, Universal American issued $115 million principal amount of convertible notes and used the proceeds, together with cash on hand, to repurchase approximately 20.2 million shares of our common stock for an aggregate purchase price of approximately $138 million, or an average price of $6.85 per share; ...
Universal American Corp. Schedules 2016 Third Quarter Earnings Release...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced today that it will issue its financial results for the third quarter ended September 30, 2016 on Tuesday, November 8, 2016, before the stock market opens. Universal American’s Chairman & CEO, Richard Barasch and CFO, Adam Thackery, will host a conference call on Tuesday, November 8, 2016, at 8:30 am Eastern Time to discuss the financial results. Additionally, a slide presentation, which will accompany the call, will be posted in the “Investors...
Universal American Announces 2017 Medicare Star Ratings
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Universal American Corp. (NYSE:UAM) announced gains in Medicare Star Quality for 2017 as published by the Centers for Medicare & Medicaid Services (CMS). The company’s flagship TexanPlus® HMO plan, serving Medicare beneficiaries in Houston-Beaumont, Texas for more than 15 years and representing 57% of current membership, has improved to a 4.5 Star Quality Rating (out of 5 stars). The company’s PPO in the Northeast, Todays Options, maintained its 4 St...
Collaborative Health Systems to Present at 2016 National Association o...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Collaborative Health Systems (CHS), a Universal American company (NYSE: UAM), announced today that its president, Jeffery Spight, will present at the National Association of Accountable Care Organizations (NAACOS) Fall 2016 Conference, September 28-30 at the Capital Hilton in Washington, D.C. CHS currently partners with approximately 5,000 providers, mostly primary care physicians, in one Next Generation ACO Model and 22 Medicare Shared Savings Program ACOs, covering 239,000 Medicare ...
Five Universal American ACOs Led by Primary Care Physicians Recognized...
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Collaborative Health Systems (CHS), a Universal American company (NYSE:UAM), announced today that five Accountable Care Organizations (ACOs) formed in partnership with primary care physicians were named to the 100 ACOs to Know 2016 list published by Becker’s Hospital Review, a publication for healthcare leaders. The ACOs selected for the 2016 list are: Accountable Care Coalition of North Texas (Dallas/Ft. Worth, TX) Accountable Care Coalition of Southeast ...
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