Humana Completes Acquisition of Metcare Health Plans, Inc.

* Reuters is not responsible for the content in this press release.

Tue Sep 2, 2008 8:01am EDT

LOUISVILLE, Ky.--(Business Wire)--
Humana Inc. (NYSE: HUM) today announced it has completed the
purchase of Metcare Health Plans, Inc. ("MHP"), a wholly owned
subsidiary of Metropolitan Health Networks, Inc. ("Metropolitan")
(AMEX: MDF) - based in West Palm Beach, Florida - for approximately
$14 million. The transaction has received regulatory approvals from
the Florida Office of Insurance Regulation and the Centers for
Medicare and Medicaid Services.

   AdvantageCare, the Medicare Advantage health plan offered by MHP,
provides Medicare beneficiaries with access to comprehensive health
care coverage in Florida. The acquisition increases Humana's Medicare
Advantage membership by approximately 7,300 members in the following
13 Florida counties: Charlotte, Collier, Glades, Lake, Lee, Manatee,
Marion, Martin, Okeechobee, Polk, Sarasota, St. Lucie and Sumter.

   Concurrent with the sale, Metropolitan, through its core Provider
Service Network (PSN) business, Metcare of Florida, Inc., has entered
into a provider-risk agreement with Humana in the 13 counties listed
above to provide care for AdvantageCare customers as well as future
Humana customers in these counties. In addition, Metropolitan has
expanded its provider relationship with CarePlus - Humana's wholly
owned Medicare Advantage health plan - to include these 13 counties.

   This transaction is anticipated to increase Humana's 2008 premium
revenues by approximately $27 million and is not expected to have any
effect upon Humana's full-year 2008 earnings guidance of $4.30 to
$4.40 per share.

   Cautionary Statement

   This news release contains statements and earnings guidance points
that are forward-looking. The forward-looking items herein are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking items may be
significantly impacted by certain risks and uncertainties described in
the companies' Form 10-Ks for the year ended December 31, 2007, their
Form 10-Qs for the periods ended March 31, 2008 and June 30, 2008, and
Form 8-Ks filed during 2008 with the Securities and Exchange
Commission.

   About Metropolitan

   Metropolitan is a growing healthcare organization in Florida that
provides comprehensive healthcare services for Medicare Advantage
members and other residents in South and Central Florida. To learn
more about Metropolitan Health Networks, Inc., please visit its
website at www.metcare.com.

   About Humana

   Humana Inc., headquartered in Louisville, Kentucky, is one of the
nation's largest publicly traded health and supplemental benefits
companies, with approximately 11.5 million medical members. Humana is
a full-service benefits solutions company, offering a wide array of
health and supplemental benefit plans for employer groups, government
programs and individuals.

   Over its 47-year history, Humana has consistently seized
opportunities to meet changing customer needs. Today, the company is a
leader in consumer engagement, providing guidance that leads to lower
costs and a better health plan experience throughout its diversified
customer portfolio.

   More information regarding Humana is available to investors via
the Investor Relations page of the company's web site at
www.humana.com, including copies of:

   --  Annual reports to stockholders;

   --  Securities and Exchange Commission filings;

   --  Most recent investor conference presentations;

   --  Quarterly earnings news releases;

   --  Replays of most recent earnings release conference calls;

   --  Calendar of events (including upcoming earnings conference
        call dates and times, as well as planned interaction with
        research analysts and institutional investors);

   --  Corporate Governance information.

Humana Inc.
Investor Relations:
Regina Nethery, 502-580-3644
RNethery@humana.com
or
Corporate Communications:
Mitch Lubitz, 813-287-6180
MLubitz@humana.com
or
Metropolitan Health Networks
Michael Earley, CEO, 561-805-8500
MEarley@metcare.com
or
Cameron Associates Investor Relations
Al Palombo, 212-554-5488
Al@cameronassoc.com

Copyright Business Wire 2008
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