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Universal American to list on NYSE

November
19

Universal American Financial Corp. will become Universal American Corp. effective Dec. 3 and begin trading its shares on the New York Stock Exchange, the company announced today.

The new name reflects the company’s move into the health-care arena through products such as health insurance, managed care and prescription drug benefits.

The Rye Brook company is a leading provider of Medicare Advantage and Medicare prescription-drug plans offered to seniors.

Along with the new name comes a switch in stock exchanges where the company shares trade. Universal American will leave the Nasdaq Stock Market in favor of NYSE and trade under a new ticker symbol: UAM.

Shares of the company ended yesterday’s trading session fractionally lower, losing 17 cents to close at $24.16.

This entry was posted on Monday, November 19th, 2007 at 6:19 pm by David Schepp.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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