ATLAS, PEARLMAN, TROP & BORKSON, P.A. 200 East Las Olas Boulevard, Suite 1900 Fort Lauderdale, Florida 33301 Direct Line: (954) 766-7833 September 30, 1998 Securities and Exchange Commission Atlanta District Office - Suite 1000 3475 Lenox Road, N.E. Atlanta, GA 30326-1232 Re: Metropolitan Health Networks, Inc. (the "Company") Post-Effective Amendment No. 1 to the Registration Statement on Form SB-2 (File No. 333-5884-A) Dear Sir/Madam: We have acted as special counsel to Metropolitan Health Networks, Inc., a Florida corporation, in connection with the sale of up to 825,000 shares of Common Stock, par value $.001 per share and 1,650,000 Redeemable Common Stock Purchase Warrants offered by the Company, the Underwriter's Warrants and 655,000 shares of Common Stock, 867,000 Warrants and 1,310,000 shares underlying certain Warrants offered by certain Selling Securityholders (collectively the "Securities"), as set forth in the above Registration Statement. In our capacity as such counsel to the Company, we have examined the original or certified copies of all such records of the Company and all such agreements, certificates of public officials, certificates of officers or representatives of the Company and others, and such other documents as we deem relevant and necessary as a basis for the opinions hereinafter expressed. In such examination we have assumed the genuineness of all signatures on original documents and the conformity to original documents of all copies submitted to us as conformed or photostat copies. As to various questions of fact material to such opinions, we have relied upon statements or certificates of officials and representatives of the Company and others. Based upon and in reliance of the foregoing, we are of the opinion that the Common Stock previously issued and to be issued upon exercise of the Warrants, when issued in accordance with the terms of the Warrants, will be validly issued, fully paid and non-assessable. Securities and Exchange Commission September 30, 1998 Page 2 We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement. We also hereby consent to the use of our name under "Legal Matters" in the Prospectus constituting part of the Registration Statement. Very truly yours, ATLAS, PEARLMAN, TROP & BORKSON, P.A. RKB/jz