Humana Inc., the second-biggest private Medicare insurer, agreed to buy medical provider Metropolitan Health Networks Inc. for about $500 million as the company expands beyond paying claims into delivering care.

Humana also reported third-quarter profit that fell less than analysts estimated, raised its earnings forecast for the year and said President Bruce Broussard, previously announced as the incoming chief executive officer, will take over Jan. 1. Humana will pay off $350 million of Metropolitan debt, valuing the deal at $850 million.

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