About Heritage
Heritage Health Systems Inc. is a Medicare Managed Care and Medical Management Organization. Building on a long history of mutually beneficial physician partnerships, Heritage aligns itself with excellent physician groups to provide outstanding quality and financial results. In the early 1990’s Heritage focused on physician owned Medical Facilities development, which eventually evolved into IPA Management by the late 1990’s. In the early 2000’s, Heritage partnered with the IPA’s to start its first Health Plan Operation. While the focus has shifted over the years, each business model has been based on building and maintaining mutually beneficial physician partnerships. Today Heritage exclusively serves the Medicare Advantage market. Currently operating three Medicare Advantage health plans across the U.S., Heritage continues to expand into new markets.
About UAF
Universal American offers a portfolio of life and health insurance products for seniors and self-employed individuals, and administrative services for insurance and non-insurance programs in the senior market. Through its subsidiaries, Universal American offers Medicare supplemental health insurance, Medicare Advantage plans, fixed benefit accident and sickness disability insurance, long-term care insurance, senior life insurance, annuities, and other individual life insurance. The company's administrative services division offers outsourcing services for the senior market insurance business as well as eldercare services and products. Universal American has a history of profitable growth from a combination of strategic acquisitions as well as internal growth. From 1998 to 2003, total revenues for the company grew from $56 million to $523 million, and total assets increased from $283 million to $1.8 billion. Universal American employs 1000 employees through its four business segments: Senior Market Brokerage, Career Agency, Administrative Services, and Medicare Advantage. The company is traded on Nasdaq (symbol: UHCO), and is included in the Russell 2000 and 3000 Indexes.
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