Metropolitan Health Networks to Withdraw NYSE Arca Listing and Retain Listing on the American Stock Exchange
Metropolitan Health Networks, Inc. (AMEX:MDF), a leading provider of healthcare services to Medicare beneficiaries in Florida, today announced plans to voluntarily withdraw the listing of its common stock from NYSE Arca, Inc., formerly ARCA/Ex. Metropolitan Health Networks’ common stock will continue to be listed on the American Stock Exchange.
The company cites the NYSE Group Inc.’s decision to focus NYSE Arca Equities on primary listings of stocks verses dual listings. NYSE Arca will continue to trade Metropolitan’s stock on an unlisted trading privilege basis.
About Metropolitan Health Networks, Inc.:
Metropolitan is a growing healthcare organization in Florida that provides comprehensive healthcare services for Medicare Advantage members and other patients in South and Central Florida. To learn more about Metropolitan Health Networks, Inc. please visit its website at www.metcare.com.
Forward Looking Statements:
Except for historical matters contained herein, statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate”, or “continue” or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements.
Investors and others are cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. These risk factors include, without limitation, (i) pricing pressures exerted on us by managed care organizations and the level of payments we receive under governmental programs or from other payors; (ii) future legislation and changes in governmental regulations; (iii) the impact of Medicare Risk Adjustments on payments we receive for our managed care operations; (iv) our ability to successfully recruit and retain medical professionals; (v) a loss of any of our significant contracts or our ability to increase the number of Medicare eligible patient lives we manage under these contracts; and (vi) our ability to successfully operate a healthcare management organization otherwise known as an HMO. The Company is also subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2005, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2006, as amended on Form 10-Q/A, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, as amended on Form 10-Q/A, and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2006.