Universal American was a Fortune 500[2] company with offices throughout the United States, and headquarters in Rye Brook, New York.
[3] In 2007, Universal American acquired MemberHealth, LLC a privately held pharmacy benefit manager and sponsor of Community Care Rx, a national Medicare Part D plan with more than 1.1 million members.
[6] CEO Richard Barasch remarked: "“We are delighted to be making the move to the Big Board.
As our business grows and diversifies, especially following the completion of our recent merger with MemberHealth, raising Universal American's visibility among the population we serve and in the financial markets becomes increasingly more important.
We are proud of the performance we’ve delivered to shareholders and view our listing on the Exchange as an important milestone in the evolution of our company.”[6] In 2011, CVS Caremark acquired Universal American's Medicare Part D business for $1.25 billion.