$CNU News

Last published 15y ago

15y agoMDF CNUGreenberg Traurig Represents Metropolitan Healthcare Networks, Inc. in its $403+ Million Acquisition of Continucare Corporation and the Related Acquisition FinancingBusiness WireMIAMI--(BUSINESS WIRE)--Greenberg Traurig, a full-service international law firm, represented Metropolitan Health Networks, Inc. (NYSE AMEX: MDF) (“Metropolitan”) in its $403+ million cash and stock acquisition of Continucare Corporation (formerly NYSE: CNU) (“Continucare”), including Metropolitan’s procurement of $315 million of related acquisition financing from a syndicate of lenders led by GE ...
15y agoMDF CNU GEGE Capital Agents $355 Million in Credit Facilities for Metropolitan Health Networks, Inc.Business WireBETHESDA, Md.--(BUSINESS WIRE)--GE Capital, Healthcare Financial Services announced today that it has closed, as administrative agent, $355 million in senior secured credit facilities for Metropolitan Health Networks, Inc. (NYSE AMEX: MDF). The financing includes a $40 million revolving line of credit, a $240 million first lien term loan and a $75 million second lien term loan. GE Capital Markets ...
15y agoMDF CNUMetropolitan Health Networks, Inc. Completes Acquisition of Continucare Corporation – Transaction Establishes New Foundation for Future ExpansionBusiness WireBOCA RATON, Fla. & MIAMI--(BUSINESS WIRE)--Metropolitan Health Networks, Inc. (NYSE AMEX: MDF) (“Metropolitan”) and Continucare Corporation (formerly NYSE: CNU) (“Continucare”) announced jointly today the successful completion of the acquisition of Continucare by Metropolitan. As a result of the acquisition, Metropolitan is the largest provider service network serving the Medicare and Medicaid eli ...
15y agoCNU MDFContinucare Corporation Reports Strong Fourth Quarter and Full Year ResultsBusiness WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE: CNU) today reported strong financial results for its fourth quarter and fiscal year ended June 30, 2011. Financial and operational highlights for the quarter include:
15y agoMDF CNUWith Report of Second Quarter 2011 Results, Metropolitan Health Networks Remains on Pace for Record YearBusiness WireBOCA RATON, Fla.--(BUSINESS WIRE)--Metropolitan Health Networks, Inc. (“Metropolitan” or “MetCare”) (NYSE Amex:MDF), a leading provider of health care services in Florida, today announced the financial results for their second quarter of 2011 and six months ended June 30, 2011. Highlights include the following:
15y agoCNUBull & Lifshitz, LLP Announces Investigation of Continucare CorporationBusiness WireNEW YORK--(BUSINESS WIRE)--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Continucare Corporation (NYSE: CNU) (referred to as "Continucare" or the “Company”) to Metropolitan Health Networks, Inc. (“Metropolitan”) in a cash and stock transaction valued at approximately $416 million at the time of announcement.
15y agoCNURyan & Maniskas, LLP Announces Investigation of Continucare Corp.Business WireWAYNE, Pa.--(BUSINESS WIRE)--Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/cnu) is investigating potential claims against the board of directors of Continucare Corp. ("Continucare" or the "Company") (NYSE: CNU) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Continucare to Metropolitan Health Networks, Inc. (“Metropolitan”) in a ...
15y agoCNU MDFRobbins Umeda LLP Announces Investigation of Continucare CorporationBusiness WireSAN DIEGO--(BUSINESS WIRE)--Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Continucare Corporation (NYSE: CNU). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Continucare in connection with its efforts to sell the company to Metropolitan Hea ...
15y agoCNU MDFFinkelstein Thompson LLP Announces Investigation of Continucare CorporationBusiness WireWASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Continucare Corporation (“Continucare” or the “Company”) (NYSE: CNU) concerning the proposed acquisition of the Company by Metropolitan Health Networks, Inc. (“Metropolitan”) (NYSE AMEX: MDF). Under the terms of the transaction, Continucare’s shareholders would receive $6.25 per sha ...
15y agoCNU MDFHarwood Feffer LLP Announces Investigation of Continucare CorporationBusiness WireNEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Continucare Corporation (“Continucare”) (NYSE: CNU) concerning the proposed acquisition by Metropolitan Health Networks, Inc. (NYSE AMEX: MDF) (“Metropolitan”) for all of the outstanding shares of common stock of Continucare for $6.25 per share in cash and 0.0414 of a s ...
15y agoCNUFaruqi & Faruqi, LLP Announces Investigation of Continucare Corp.Business WireNEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Continucare Corp. (“Continucare” or the “Company”) (NYSE: CNU) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Metropolitan Health Networks Inc. (“Metropolitan”) (AMEX: MDF) i ...
15y agoCNUSouth Florida Law Firm -- Law Office of Jonathan M. Stein, P.L., -- Investigates Possible Breach of Fiduciary Duty by the Board of Continucare CorporationBusiness WireBOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Continucare Corporation ("Continucare" or the "Company") (NYSE: CNU) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Metropolitan Health Networks, Inc. Under the terms of the proposed ...
15y agoCNUBernstein Liebhard LLP Announces Investigation of Continucare CorporationBusiness WireNEW YORK--(BUSINESS WIRE)--Bernstein Liebhard LLP is investigating whether the Board of Directors of Continucare Corporation (“Continucare” or the “Company”) (NYSE: CNU) breached its fiduciary duty to its shareholders in agreeing to sell Continucare to Metropolitan Health Networks, Inc. (“Metropolitan”).
15y agoCNUKendall Law Group Investigates Continucare Corporation for ShareholdersBusiness WireDALLAS--(BUSINESS WIRE)--Kendall Law Group, led by former federal judge Joe Kendall, is investigating Continucare Corporation (NYSE: CNU) for shareholders in connection with the proposed acquisition by Metropolitan Health Networks, Inc. The national securities firm’s investigation seeks to determine whether Continucare and its Board breached their fiduciary duties by entering into the agreement wi ...
15y agoMDF CNUMetropolitan Health Networks, Inc. to Acquire Continucare CorporationBusiness WireBOCA RATON, Fla. & MIAMI--(BUSINESS WIRE)--Metropolitan Health Networks, Inc. (NYSE AMEX: MDF), (“Metropolitan”) and Continucare Corporation (NYSE: CNU), (“Continucare”) announced jointly today that they have entered into a definitive merger agreement whereby Metropolitan will acquire Continucare in a cash and stock transaction valued at approximately $416 million at the time of announcement. The ...
15y agoCNUContinucare Corporation to Present at the Jefferies 2011 Global Healthcare ConferenceBusiness WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE: CNU) today announced that Richard C. Pfenniger, Jr., the company's chairman and chief executive officer, is scheduled to present at the Jefferies 2011 Global Healthcare Conference at 11:30 am ET on June 8, 2011 in New York City.
15y agoCNUContinucare Corporation Reports Increased Revenue and Operating Income for Third Quarter of Fiscal 2011Business WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE: CNU) today reported record financial results for its third quarter of fiscal 2011. Financial highlights for the quarter include:
15y agoCNUContinucare Corporation to Present at the 2011 RBC Capital Markets' Healthcare ConferenceBusiness WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE:CNU) today announced that Richard C. Pfenniger, Jr., the company's chairman and chief executive officer, is scheduled to present at the 2011 RBC Capital Markets' Healthcare Conference at 4:05 pm ET on March 2, 2011 at the New York Palace Hotel.
15y agoCNUContinucare Corporation Reports Increased Revenue and Net Income for Second Quarter of Fiscal 2011Business WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE: CNU) today reported record financial results for its second quarter of fiscal 2011. Financial highlights for the quarter include:
15y agoCNUContinucare Corporation to Present at the UBS 21st Annual Global Healthcare Services ConferenceBusiness WireMIAMI--(BUSINESS WIRE)--Continucare Corporation (NYSE: CNU) today announced that Richard C. Pfenniger, Jr., the company's chairman and chief executive officer, is scheduled to present at the UBS 21st Annual Global Healthcare Services Conference at 2:00 pm ET on February 8, 2011 at the Grand Hyatt New York.