SOURCE: BoardVantage

February 25, 2009 07:00 ET

Metcare Chooses BoardVantage

Board Surveys a Key Tool for Corporate Governance

MENLO PARK, CA--(Marketwire - February 25, 2009) - Metropolitan Health Networks, Inc. (NYSE Alternext US: MDF) ("Metcare"), a leading provider of health care services to people with Medicare in Florida, has selected BoardVantage to manage its board communications. Metcare will use BoardVantage to streamline board process and increase the efficiency of the Corporate Secretary's office with the electronic distribution of board materials, and automated support for board work.

Roberto L. Palenzuela, Esq., Metcare General Counsel and Chief Compliance Officer, explains, "Our board forms the central pillar of our governance process, and we have a duty to our stakeholders to support that process in the most effective and efficient manner possible. BoardVantage impressed us with its complete suite of functionality and a deep understanding of both board work and the prerequisite security demands."

"We were particularly impressed with their functionality for Surveys," continued Palenzuela. "BoardVantage makes it easy to generate, run, and manage board surveys with the appropriate levels of security and privacy -- much higher than would be possible with a paper-based approach. Our board also appreciates the reduced overhead and increased security of our board portal."

Joe Ruck, BoardVantage CEO, added, "Board portals are now much more than simple online access to board materials. Today's boards demand full support for the governance process, and our Surveys form an integral part of that. It's a privilege for us to serve Metcare, adding to an increasing number of health care providers choosing BoardVantage."

About Metcare

Metropolitan Health Networks, Inc. ("Metcare") is a leading provider of health care services to people with Medicare in Florida. We care for approximately 35,000 customers in 19 counties in South and Central Florida.

Founded in 1996, our team of physicians, professionals, and associates are dedicated to serving our customers with the highest standards of medical treatment and personal service. For more information about Metcare, please visit www.metcare.com.

About BoardVantage

BoardVantage is the leading provider of secure board portals, with 200 customers -- including over 20 Fortune 100 companies. BoardVantage provides a secure and user-friendly Web portal for centralizing board documents, processes and communications. It also provides productivity tools for creating and distributing board materials efficiently. BoardVantage is SAS 70 Type II certified, and meets or exceeds the standards of the most security conscious IT departments, including those of major financial institutions. To learn more, visit http://www.boardvantage.com/.

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Contact Information

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