Universal American Financial will change its corporate name to Universal American effective December 3, 2007.
The company has also announced that its common shares will begin trading on the New York Stock Exchange (NYSE) on December 3, 2007. Its new ticker symbol will be UAM. Universal American’s common shares will cease trading on the Nasdaq Stock Market at the close of trading on the preceding day.
Richard Barasch, chairman and CEO of Universal American, said: 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.
Cathy Kinney, president and Co-COO of NYSE Euronext, added: We are pleased to welcome Universal American Corp to our family of listed companies.
We look forward to an outstanding partnership with the company and to providing Universal American with the superior market quality, information services and unsurpassed brand offered to issuers on the NYSE Euronext.