Universal American Financial (UHCO) Acquires MemberHealth for $630M

May 8, 2007 7:18 AM EDT

MemberHealth, Inc. entered into a definitive agreement to be acquired by Universal American Financial Corp. (NASDAQ: UHCO) for approximately $630 million, consisting of 55 percent in cash and 45 percent in Universal American common stock valued at $20 per share, plus potential performance-based consideration.


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