Yes, Universal American Corporation has subsidiaries. These subsidiaries operate in various industries such as healthcare and insurance. One of the notable subsidiaries is Collaborative Health Systems (CHS), which is a leading healthcare management company. CHS focuses on accountable care organizations (ACOs) and works with healthcare providers to improve patient care while reducing costs. Another subsidiary is Universal American Mortgage Company (UAMC), which specializes in providing mortgage services to customers. UAMC offers a range of mortgage products and services including loan origination, underwriting, and loan servicing. These subsidiaries are part of Universal American Corporation's diversified business portfolio, enabling the company to provide a comprehensive range of solutions and services to its customers.