Press Releases
Aveta Reports 2008 Third Quarter and Nine-Month Results
Press Release:
Nov 24, 2008
Aveta Inc., a leader in Medicare Advantage, reported today that revenues for the third quarter of 2008 totaled $514.3 million, up 8.3% from revenues of $474.8 million for the third quarter of 2007. Earnings before interest expense, income taxes, depreciation and amortization (EBITDA) totaled $60.7 million in Q3 2008, compared to EBITDA of $64.3 million in Q3 2007.
Aveta Acquires PCAMG
Press Release:
Nov 17, 2008
Aveta Inc., a leader in Medicare Advantage, announced today that it's California operating company North American Medical Management California, Inc. (NAMM California) has closed on its acquisition of Primary Care Associated Medical Group, Inc. (PCAMG), a leading independent physicians association (IPA) in north San Diego county, California, with 52 primary care physicians and over 300 specialists serving more than 30,000 commercial members and 5,200 Medicare Advantage seniors.
Aveta Reports 2008 Second Quarter and Six-Month Results
Press Release:
Aug 14, 2008
Aveta Inc., a leader in Medicare Advantage, reported today that revenues for the second quarter of 2008 totaled $490.1 million, virtually unchanged from revenues of $491.4 million for the second quarter of 2007.
Aveta Reports Fiscal 2007 Net Income of $65.6 Million; Revenues Up 27% from Fiscal 2006
Press Release:
Aug 7, 2008
New York - Aveta Inc., a leader in Medicare Advantage, today reported audited full-year revenues for 2007 grew to $1.972 billion, up 26.6% from $1.558 billion in 2006. Earnings before interest expense, income taxes, depreciation and amortization (EBITDA) totaled $213.7 million in 2007, compared to EBITDA of $74.0 million in 2006 reflecting a 189% increase.
Aveta Amends Bank Loan
Press Release:
Jul 21, 2008
New York - Aveta Inc., a leader in Medicare Advantage with over 195,000 members, today announced that the loan agreement with its lenders covering credit facilities extended to the company and its operating subsidiaries, MMM Holdings Inc., NAMM Holdings Inc. and Preferred Health Management Corporation has been amended.