Business Wire - November 5, 2001

Metropolitan Health Networks, Inc. (METCARE(TM))(OTC BB: MDPA) today announced that its pharmacy division, Metcare Rx, has signed a definitive contract to provide AIDS Healthcare Foundation (AHF), the nation's largest HIV medical services organization, with pharmacy management and consulting services to AHF clinics in New York City and Florida. Services are expected to begin on December 1, 2001 and to be fully implemented by January 31, 2002.

The AHF clinic in New York City currently provides medical care to more than 2000 patients. In association with AHF, Metcare Rx anticipates opening an on-site pharmacy at an AHF clinic in Jacksonville, Florida by the first quarter of 2002. The AHF clinic in Jacksonville is affiliated with the Magic Johnson Foundation in Dade County, and currently serves approximately 2600 patients. In addition, Metcare Rx has been awarded the mail order contracts for AHF's State Disease Management Contract in Florida and has the first rights of refusal on any new AHF pharmacy contracts. Metcare Rx anticipates the agreement will generate approximately $105 million in revenue for 2002 and $240 million in revenue for 2003.

"Metcare Rx is an important strategic partner in helping us achieve our goal of providing excellent, innovative pharmacy services," said Michael Weinstein, AIDS Healthcare Foundation President. "Metcare Rx shares our values and our commitment to excellent service and we look forward to developing and growing this significant relationship."

Convenient and accessible Metcare pharmacy services will include:

-- One-on-one private meetings with a Metcare pharmacist to discuss treatment plans;

-- Personalized adherence programs;

-- Expert pharmacists accessible 24 hours-a-day, 7 days-a-week, 365 days-a-year;

-- Home delivery of prescriptions;

-- Utilization management.

"We are excited about the opportunity to provide AHF with a comprehensive pharmacy solution that will increase patient safety and satisfaction, help drive efficiencies, and ultimately reduce costs," said Buzzy Klevens, Pharm. D, President of Metcare Rx. "We look forward to extending our innovative pharmacy services to the entire membership base of AHF."

Metcare, in an effort to strengthen its management of medical care, recently opened Metcare Rx, its new pharmacy division, realizing that pharmacy costs have been increasing at a rate of 18-19% per year.

The pharmacies servicing AHF represent Metcare's ongoing commitment to develop its pharmacy operations throughout the remainder of 2001 to achieve its long-term goal of generating a significant portion of its revenue from its pharmacy division.

About Metropolitan Health Networks, Inc.

Metcare is one of the fastest growing healthcare organizations in Florida. The company currently provides healthcare services to approximately 48,000 patients and has part of a network of physicians serving more than a million people from Miami to Daytona Beach on Florida's East Coast. METCARE is focused on providing managed-care organizations a proven healthcare delivery mode, allowing it to manage real-time referrals, appointment scheduling, claims review, pharmacy management and utilization review.

To learn more about Metropolitan Health Networks, Inc., please visit its website at www.metcare.com

About AIDS Healthcare Foundation

AIDS Healthcare Foundation, the nation's largest HIV / AIDS medical provider, serves over 4200 patients at eight outpatient locations in California. Healthcare centers are located in the cities of Los Angeles, Oakland, Whittier, Upland and Lancaster, including the recently opened Earvin "Magic" Johnson Jr. Clinic in Oakland. California services also include the inpatient Carl Bean Center; WomensCare, a one-stop program for women with HIV; the AHF Research Division; Positive Healthcare, the nation's first AIDS-specific capitated Medicaid program; and the AHF Prevention Program, which includes the innovative WeHo Lounge Coffeehouse / HIV Testing Center.

The agency currently serves over 4000 clients in Florida through a disease management program with Florida's Medicaid program. Leveraging expertise and experience gleaned from creating and successfully operating Positive Healthcare, AHF's capitated managed care program in California, Positive Healthcare / Florida should improve and standardize medical care for HIV / AIDS Medicaid patients in 65 Florida counties while reducing care related expenditures.

In addition to its medical operations, AHF also operates a retail chain of thrift stores called Out of the Closet Thrift Stores, which currently include 15 locations throughout Southern California.

All services are provided regardless of ability to pay.

This press release contains forward-looking statements regarding METCARE's results of operations and earnings outlook that involve risks and uncertainties. METCARE intends that these forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and are naturally subject to risks, uncertainties and changes in circumstances. These forward-looking statements are not guarantees of future performance. Actual results may differ materially from the expectations described in this press release due to, among other things, the factors detailed in the company's filings with the Securities and Exchange Commission, including the factors detailed under the caption "Factors That May Affect Future Results of Operations" in METCARE's Annual Report on Form 10-K for the year ended December 31, 2000, and otherwise described in the quarterly reports on Form 10-Q, to which readers are referred. METCARE is under no obligation, and expressly disclaims any obligation, to update or alter these forward-looking statements whether as a result of new information, future events or otherwise.

CONTACT: Metropolitan Health Networks, Inc. Dov Rombro CEO, Metcare Rx 561/805-8500 Buzzy Klevens Pharm D., President Metcare Rx 561/805-8500 Andrew Sternberg Corporate Development 561/805-8500 or Investor Relations Cameron Associates, Inc. Kevin McGrath 212/245-8800 kevin@cameronassoc.com or AIDS Healthcare Foundation Ged Kenslea AHF Community Relations Director gedk@aidshealth.org 323/860-5225

SOURCE: Metropolitan Health Networks, Inc.

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