ST. LOUIS, June 22, 2018 /PRNewswire/ -- Centene
Corporation (NYSE: CNC) today announced its Kansas subsidiary, Sunflower Health Plan, has
been selected by the Kansas Department of Health and
Environment to provide managed care services to KanCare
beneficiaries statewide. The new contract will commence
January 1, 2019.
The state's KanCare program covers low-income families, eligible
pregnant women, Aged, Blind or Disabled (ABD), long-term care
beneficiaries and the Children's Health Insurance Program (CHIP).
Approximately 400,000 Kansans are enrolled in KanCare, which
provides medical and behavioral health benefits as well as
long-term services and supports (LTSS). KanCare managed care
organizations supplement Medicaid services by offering value-added
benefits to improve quality of life for members, their family and
the community.
"Sunflower Health Plan has been providing healthcare services
and programs in the State of
Kansas since 2013," said Christopher
Bowers, Executive Vice President, Markets, for Centene. "We
look forward to continuing our partnership with the state and all
stakeholders to provide better health outcomes for Kansas residents at a lower cost to the
state."
"Sunflower Health Plan is committed to ensuring Kansas' vulnerable populations have access to
the quality, comprehensive healthcare they deserve," said
Chris Coffey, President and CEO for
Sunflower Health Plan. "We appreciate Governor Colyer's passion for
KanCare, and thank him for his collaboration throughout the past
years."
Over the past five years, Sunflower has partnered with local
providers and community groups to support members in their personal
health and wellness goals. This impact on its membership has
resulted in satisfaction scores and health outcomes earning the
health plan a Commendable NCQA accreditation status.
Sunflower Health Plan currently serves approximately 130,000
members in the KanCare program.
About Centene Corporation
Centene
Corporation, a Fortune 100 company, is a diversified,
multi-national healthcare enterprise that provides a portfolio of
services to government sponsored and commercial healthcare
programs, focusing on under-insured and uninsured individuals. Many
receive benefits provided under Medicaid, including the State
Children's Health Insurance Program (CHIP), as well as Aged, Blind
or Disabled (ABD), Foster Care and
Long-Term Services and Supports (LTSS), in addition to other
state-sponsored programs, Medicare (including the Medicare
prescription drug benefit commonly known as "Part D"), dual
eligible programs and programs with the U.S. Department of Defense
and U.S. Department of Veterans Affairs. Centene also provides
healthcare services to groups and individuals delivered through
commercial health plans. Centene operates local health plans and
offers a range of health insurance solutions. It also contracts
with other healthcare and commercial organizations to provide
specialty services including behavioral health management, care
management software, correctional healthcare services, dental
benefits management, commercial programs, home-based primary care
services, life and health management, vision benefits management,
pharmacy benefits management, specialty pharmacy and telehealth
services.
Centene uses its investor relations website to publish important
information about the Company, including information that may be
deemed material to investors. Financial and other information about
Centene is routinely posted and is accessible on Centene's investor
relations website, http://www.centene.com/investors.
Forward-Looking Statements
The company and its
representatives may from time to time make written and oral
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act ("PSLRA") of 1995, including
statements in this and other press releases, in presentations,
filings with the Securities and Exchange Commission ("SEC"),
reports to stockholders and in meetings with investors and
analysts. In particular, the information provided in this press
release may contain certain forward-looking statements with respect
to the financial condition, results of operations and business of
Centene and certain plans and objectives of Centene with respect
thereto, including but not limited to the expected benefits of the
acquisition ("Health Net Acquisition") of Health Net, Inc. ("Health
Net") and the proposed acquisition of New
York State Catholic Health Plan, Inc., d/b/a Fidelis Care
New York ("Fidelis Care") ("Proposed
Fidelis Acquisition" or "Fidelis Care Transaction"). These
forward-looking statements can be identified by the fact that they
do not relate only to historical or current facts. Without limiting
the foregoing, forward-looking statements often use words such as
"anticipate", "seek", "target", "expect", "estimate", "intend",
"plan", "goal", "believe", "hope", "aim", "continue", "will",
"may", "can", "would", "could" or "should" or other words of
similar meaning or the negative thereof. We intend such
forward-looking statements to be covered by the safe-harbor
provisions for forward-looking statements contained in PSLRA. A
number of factors, variables or events could cause actual plans and
results to differ materially from those expressed or implied in
forward-looking statements. Such factors include, but are not
limited to, Centene's ability to accurately predict and effectively
manage health benefits and other operating expenses and reserves;
competition; membership and revenue declines or unexpected trends;
changes in healthcare practices, new technologies and advances in
medicine; increased healthcare costs; changes in economic,
political or market conditions; changes in federal or state laws or
regulations, including changes with respect to income tax reform or
government healthcare programs as well as changes with respect to
the Patient Protection and Affordable Care Act and the Health Care
and Education Affordability Reconciliation Act and any regulations
enacted thereunder that may result from changing political
conditions; rate cuts or other payment reductions or delays by
governmental payors and other risks and uncertainties affecting
Centene's government businesses; Centene's ability to adequately
price products on federally facilitated and state based Health
Insurance Marketplaces; tax matters; disasters or major epidemics;
the outcome of legal and regulatory proceedings; changes in
expected contract start dates; provider, state, federal and other
contract changes and timing of regulatory approval of contracts;
the expiration, suspension or termination of Centene or
Fidelis Care's contracts with
federal or state governments (including but not limited to
Medicaid, Medicare, TRICARE or other customers); the difficulty of
predicting the timing or outcome of pending or future litigation or
government investigations; challenges to Centene or Fidelis Care's contract awards; cyber-attacks or
other privacy or data security incidents; the possibility that the
expected synergies and value creation from acquired businesses,
including, without limitation, the Health Net Acquisition and the
Proposed Fidelis Acquisition, will not be realized, or will not be
realized within the expected time period, including, but not
limited to, as a result of any failure to obtain any regulatory,
governmental or third party consents or approvals in connection
with the Proposed Fidelis Acquisition or any conditions, terms,
obligations or restrictions imposed in connection with the receipt
of such consents or approvals; the exertion of management's time
and Centene's resources, and other expenses incurred and business
changes required in connection with complying with the undertakings
in connection with any regulatory, governmental or third party
consents or approvals for the Health Net Acquisition or the
Proposed Fidelis Acquisition; disruption caused by significant
completed and pending acquisitions, including the Health Net
Acquisition and the Proposed Fidelis Acquisition, making it more
difficult to maintain business and operational relationships; the
risk that unexpected costs will be incurred in connection with the
completion and/or integration of acquisition transactions,
including among others, the Health Net Acquisition and the Proposed
Fidelis Acquisition; changes in expected closing dates, estimated
purchase price and accretion for acquisitions; the risk that
acquired businesses and pending acquisitions, including Health Net
and Fidelis Care, will not be
integrated successfully; the risk that the conditions to the
completion of the Proposed Fidelis Acquisition may not be satisfied
or completed on a timely basis, or at all; failure to obtain or
receive any required regulatory approvals, consents or clearances
for the Proposed Fidelis Acquisition, and the risk that, even if so
obtained or received, regulatory authorities impose conditions on
the completion of the transaction that could require the exertion
of management's time and Centene's resources, or otherwise have an
adverse effect on Centene or the completion of the Proposed Fidelis
Acquisition; business uncertainties and contractual restrictions
while the Proposed Fidelis Acquisition is pending, which could
adversely affect Centene's business and operations; change of
control provisions or other provisions in certain agreements to
which Fidelis Care is a party, which
may be triggered by the completion of the Proposed Fidelis
Acquisition; loss of management personnel and other key employees
due to uncertainties associated with the Proposed Fidelis
Acquisition; the risk that, following completion of the Proposed
Fidelis Acquisition, the combined company may not be able to
effectively manage its expanded operations; restrictions and
limitations that may stem from the financing arrangements that the
combined company will enter into in connection with the Proposed
Fidelis Acquisition; Centene's ability to achieve improvement in
the Centers for Medicare and Medicaid Services ("CMS") Star ratings
and maintain or achieve improvement in other quality scores in each
case that can impact revenue and future growth; availability of
debt and equity financing, on terms that are favorable to Centene;
inflation; foreign currency fluctuations; and risks and
uncertainties discussed in the reports that Centene has filed with
the SEC. These forward-looking statements reflect Centene's current
views with respect to future events and are based on numerous
assumptions and assessments made by Centene in light of its
experience and perception of historical trends, current conditions,
business strategies, operating environments, future developments
and other factors it believes appropriate. By their nature,
forward-looking statements involve known and unknown risks and
uncertainties and are subject to change because they relate to
events and depend on circumstances that will occur in the future.
The factors described in the context of such forward-looking
statements in this press release could cause Centene's plans with
respect to the Health Net Acquisition, actual results, performance
or achievements, industry results and developments to differ
materially from those expressed in or implied by such
forward-looking statements. Although it is currently believed that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct and persons reading this press release
are therefore cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date of this
press release. Centene does not assume any obligation to update the
information contained in this press release (whether as a result of
new information, future events or otherwise), except as required by
applicable law. This list of important factors is not intended to
be exhaustive. We discuss certain of these matters more fully, as
well as certain other risk factors that may affect Centene's
business operations, financial condition and results of operations,
in Centene's filings with the SEC, including the annual reports on
Form 10-K, quarterly reports on Form 10-Q and current reports on
Form 8-K.
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SOURCE Centene Corporation