Centene Corporation Closes Acquisition of Managed Vision Business of OptiCare Health Systems; Specialty Services Now to Include
July 13 2006 - 7:10PM
Business Wire
Centene Corporation (NYSE: CNC) announced today that it has closed
the acquisition of the managed vision business of OptiCare Health
Systems, Inc. through its specialty company subsidiary, CenCorp
Health Solutions, Inc. The OptiCare Managed Vision business, based
in Rocky Mount, North Carolina, contracts with insurers, employer
groups, managed care plans, HMOs and other third-party payors to
manage claims payment and other administrative services of eye
health benefits. Michael F. Neidorff, Chairman and Chief Executive
Officer of Centene, stated, "This acquisition furthers our goal of
building a multi-line healthcare enterprise. With this addition to
CenCorp Health Solutions, we have continued to expand our specialty
capability to include vision benefit management as these services
will now be available to Centene's Medicaid health plans and
external customers. This transaction is consistent with our
acquisition criteria and our methodical approach to growth for 2006
and beyond." 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.
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