UNITED STATES
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): October 3, 2008
 
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, including zip code)
 
(561) 805-8500
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR  230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR  240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange  Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act  (17 CFR 240.13e-4(c))

 
 

 
 
Item 8.01 Other Events
 
On October 3, 2008, Metropolitan Health Networks, Inc. (the “Company”) issued a press release announcing that its Board of Directors has authorized the repurchase of up to 10 million shares of the Company’s outstanding common stock. The number of shares to be repurchased and the timing of the purchases will be at the discretion of the Company's management and will be influenced by a number of factors, including the then prevailing market price of the common stock of the Company, other perceived opportunities that may become available to the Company and regulatory requirements.

A copy of the press release is being furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01
Financial Statements and Exhibits

(d)    Exhibits

99.1  Press Release dated October 3, 2008.

 
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: October 7, 2008
     
  METROPOLITAN HEALTH NETWORKS, INC.
 
 
 
 
 
 
  By:   /s/ Roberto L. Palenzuela
  Roberto L. Palenzuela
  Secretary and General Counsel

 
 

 
 
INDEX TO EXHIBITS
 

Exhibit Number
 
Description
     
     
99.1
 
Press Release dated October 3, 2008.