Univita Health secures $40M
MIRAMAR, Fla. – Univita Health has secured a credit facility of $40 million from Genstar Capital and a private lender, it announced March 17. The provider says it will use the credit facility to expand its roster of health plan partners. Currently, Univita has contracts with more than 20 Medicare Advantage and Medicaid plans in Florida, Georgia and Tennessee. Through those contracts, the provider manages care for more than 5 million members. In 2014 alone, Univita added 1 million members on Medicaid plans in Florida.