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Metropolitan Health Networks Well-Positioned to Assist with Humana's Assumption of Failed Health Plan's Membership

WEST PALM BEACH, Fla.-(Business Wire)-October 1, 2008 - Metropolitan Health Networks, Inc. (“Metropolitan”) (AMEX:MDF) a provider of high quality, comprehensive healthcare services to patients across Florida, today responded to recent news regarding MD Medicare Choice (“MDMC”). It was reported that MDMC was placed into receivership and the Florida Department of Financial Services initiated a plan of liquidation. Under the auspices of the Centers for Medicare & Medicaid Services (CMS), Humana will assume the responsibility for providing healthcare benefits to the approximate 16,000 MDMC Medicare members effective October 1, 2008.

Approximately 4,000 of the affected members reside in eight counties served by Metropolitan’s PSN (“Provider Service Network”) under contracts with Humana. Given its relationship with Humana in these counties, the company anticipates serving a significant portion of this membership in its PSN.

“Under our recently-expanded relationship with Humana, we stand ready to assist them in providing uninterrupted service and access to health and prescription benefits to customers located in the counties in which our PSN operates,” commented Michael Earley, Chairman and Chief Executive Officer of Metropolitan Health Networks, Inc. “We today serve Humana customers in 18 Florida counties, those customers totaling approximately 33,000 prior to this development. We look forward to working closely with Humana to meet the needs and expectations of these new clients.”

About Metropolitan Health Networks

Metropolitan is a growing healthcare organization in Florida that provides comprehensive healthcare services for Medicare Advantage members and other patients. To learn more about Metropolitan Health Networks, Inc. please visit its website at http://www.metcare.com.

Cautionary Statement

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) our ability to meet our cost projections under various provider agreements with Humana; (ii) our failure to accurately estimate incurred but not reported medical benefits expense; (iii) pricing pressures exerted on us by managed care organizations and the level of payments we indirectly receive under governmental programs or from other payors; (iv) future legislation and changes in governmental regulations; (v) the impact of Medicare Risk Adjustments on payments we receive for our managed care operations; (vi) 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. 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, 2007, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008.

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