SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 17, 2005 METROPOLITAN HEALTH NETWORKS, INC. (Exact name of Registrant as specified in its charter) Florida (State or other jurisdiction of incorporation) 0-28456 65-0635748 (Commission file number) (I.R.S. Employer Identification No.) 250 Australian Avenue South, Suite 400 West Palm Beach, Fl. 33401 (Address of principal executive offices) (561) 805-8500 (Registrant's telephone number, including area code) Item 8.01 Other Events On March 17, 2005, Metropolitan Health Networks, Inc. (the "Company") announced that its wholly owned subsidiary, METCARE Health Plans, Inc., has successfully submitted its application with the Centers for Medicare & Medicaid Services (CMS) to participate in the Medicare Advantage program. Upon approval from CMS, it is expected that METCARE Health Plans will be awarded a contract with CMS. The CMS contract would entitle METCARE Health Plans to receive federal monies to offer a Medicare Advantage HMO Plan to Medicare beneficiaries located in its approved markets. In addition, Metropolitan announced that it has expanded its intended Medicare Advantage HMO market area to include Charlotte, Sarasota and Lee Counties on Florida's west coast. These markets are being added to Martin, St. Lucie and Okeechobee Counties on Florida's eastern Treasure Coast. A copy of the Company's press release announcing the filing of the CMS application is attached hereto as Exhibit 99.1 and is incorporated herein by reference Item 9.01 Exhibits 99.1 Press Release dated March 17, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 21, 2005 METROPOLITAN HEALTH NETWORKS, INC. By: /s/ Roberto L. Palenzuela ------------------------------------- Name: Roberto L. Palenzuela Title: General Counsel and Secretary EXHIBIT INDEX 99.1 Press Release dated March 17, 2005