Centene Corporation and Windsor Health Group Announce Tennessee Joint Venture
June 13 2006 - 6:00AM
Business Wire
Centene Corporation (NYSE: CNC) and Windsor Health Group, Inc.
today announced the creation of a Tennessee-based partnership. The
purpose of the partnership will be to evaluate a joint response to
the State of Tennessee Request for Proposal for Managed Care
Organizations for the Middle Grand Region. The joint venture will
be owned 80% by Centene Corporation and 20% by Windsor Health
Group, Inc., and will be governed by a Board of Directors
representing both companies. Michael F. Neidorff, Chairman and
Chief Executive Officer of Centene, stated, "We are pleased to have
formed this joint venture for purposes of evaluating and
potentially responding to the RFP with a well-respected and
experienced partner in the Tennessee market." Through its VHP
CommunityCare subsidiary, Windsor has operated successfully in the
TennCare program since TennCare's inception in 1994. "We believe
that the benefits of the joint venture include combining the
specific Tennessee market knowledge and experience of VHP
CommunityCare with the multi-state experience, financial resources
and operating scale of Centene," said Philip Hertik, Chairman and
Chief Executive Officer of Windsor Health Group. The response to
the Request for Proposal is due June 30, 2006 and offers the two
contract award winners the opportunity to manage a portion of the
approximately 350,000 eligible members in the Middle Grand Region.
"We look forward to working with Centene as our partner, which
allows us to bring a highly credible national Medicaid company
together with Windsor's local experience to the Nashville market,"
concluded Hertik. About Centene Corporation Centene Corporation
provides multi-line managed care programs and related services to
individuals receiving benefits under Medicaid, including
Supplemental Security Income (SSI), and the State Children's Health
Insurance Program (SCHIP). The Company operates health plans in
Georgia, Indiana, Kansas, Missouri, New Jersey, Ohio, Texas and
Wisconsin. In addition, the Company contracts with other healthcare
organizations to provide specialty services, including behavioral
health, disease management, nurse triage, pharmacy benefit
management and treatment compliance. Information regarding Centene
is available via the Internet at www.centene.com. About Windsor
Health Group Windsor Health Group, Inc., headquartered in
Nashville, TN, provides managed healthcare services to eligible
enrollees in the TennCare and Medicare programs in the state of
Tennessee. Through its subsidiaries, Windsor markets VHP
CommunityCare, Windsor MedicareExtra, and Windsor HomeCare Network.
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