Centene Corporation Closes Transaction with AMERIGROUP Community Care of South Carolina
March 02 2009 - 6:00AM
Business Wire
Centene Corporation (NYSE: CNC) today announced that it has
closed the transaction to purchase certain assets of AMERIGROUP
Community Care of South Carolina, a wholly-owned subsidiary of
AMERIGROUP Corporation. Effective March 1, 2009, the transaction
added approximately 14,000 members to Centene�s South Carolina
subsidiary, Absolute Total Care.
With this transaction, Absolute Total Care will begin serving
members in the Healthy Connections Kids program, South Carolina�s
stand-alone SCHIP program to expand eligibility for qualifying
uninsured children.
Mark W. Eggert, Executive Vice President, Health Plans, for
Centene, stated, �We are pleased to close this transaction and
expand operations in South Carolina. The addition of the SCHIP
product further strengthens our strategic position in the State and
positions us for future organic growth.�
The impact of this transaction was included in our
previously-issued financial guidance.
About Centene Corporation
Centene Corporation is a leading multi-line healthcare
enterprise that provides programs and related services to
individuals receiving benefits under Medicaid, including the State
Children�s Health Insurance Program (SCHIP), as well as Aged,
Blind, or Disabled (ABD), Foster Care,�Long-Term Care�and Medicare
(Special Needs Plans). The Company operates local health plans and
offers a wide range of health insurance solutions to individuals
and the rising number of uninsured Americans.�It also�contracts
with other healthcare and commercial organizations to provide
specialty services including behavioral health, life and health
management, managed vision, nurse triage, pharmacy benefits
management and treatment compliance. Information regarding Centene
is available via the Internet at www.centene.com.
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