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Launch of New 'Independent Aging' Company Will Address the Needs of the Growing Senior Population
Date:12/15/2008

with Minnesota-based Long Term Care Group -- a leader in long term care insurance services including administration and underwriting, clinical assessments, claims processing and care management.

"We are thrilled to be the first leg in the Univita stool," said Peter Goldstein, Long Term Care Group President and Co-founder. "Since we started the company 12 years ago, we have been an industry thought leader on care management and long term care insurance, both of which are key components to realizing the Univita vision."

Long Term Care Group administers 20% of the long term insurance policies in the country. Its clients include major multi-line insurance companies and all of the leading Long Term Care carriers. Long Term Care Group has 1200 employees and 27,000 cases under active management.

Bruce Baude, Chief Executive Officer of Long Term Care Group noted, "Our seasoned management team will help Univita integrate the acquisitions we have in the pipeline and our shared services of Corporate Finance, Human Resources, and IT will provide the perfect infrastructure and foundation to build out the Univita platform."

"We are very excited to formally announce the launch of Univita and mark our first major milestone in the merger with Long Term Care Group," said Hugh Lytle. "This is a significant step towards our vision of establishing an entirely new way to think about how we support aging and rely on the home as the center of care in this country."

About Univita Health

Univita Health is creating an integrated care model that promotes independent aging through home-based care and support. Its mission is to transform the home into a place to age safely, monitor and receive care, and live an entire life with dignity. Univita will service in-home care needs by providing home health care, infusion therapy and home medical equipment, and is developing
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SOURCE Univita Health
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