Universal American (NYSE: UAM) is a Fortune 1000 company with offices throughout the United States, and headquarters in Rye Brook, New York. The company offers health insurance, and also deals in Medicare managed care plans, and Medicare prescription drug benefits. Subsidiaries include Heritage Health Systems, Inc.. Its CEO is Richard A. Barasch.
Universal American Corporation (UA) is an insurance, Finance and administrative services company that specializes in offering products to the senior and self-employed markets. UA Corp has targeted the senior market in particular because it is the fastest growing demographic segment in the country. UAC contracts with the federal government to offer Medicare Advantages with Prescription Drug Plans. Universal American is currently the 3rd largest Medicare Prescription Drug Plan organization and the Fifth largest Medicare Advantage Private-Fee-for-Service organization in the U.S. Universal American is traded on the New York Stock Exchange (NYSE) under the ticker symbol UAM.
As of November 17, 2016, WellCare, Inc., has agreed to acquire Universal American for ~$600M.
Source of the article : Wikipedia
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