Centene Completes Acquisition in South Carolina
ST. LOUIS, June 1, 2010 /PRNewswire via COMTEX/ --Centene Corporation's (NYSE: CNC) South Carolina subsidiary, Absolute Total Care, has completed the purchase of Columbia-based Carolina Crescent Health Plan (CCHP), the state's largest non-profit Medicaid managed care organization, from University Health Services, Inc. (UHS).
With the acquisition, Absolute Total Care now provides managed care services for over 90,000 Medicaid members or approximately 13 percent of the state's eligible Medicaid population. Absolute Total Care is working closely with CCHP to ensure a seamless transition for members, providers and other stakeholders.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading multi-line healthcare enterprise that provides programs and related services to the rising number of under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care, long-term care, other state-sponsored programs and Medicare (Special Needs Plans). Centene's CeltiCare subsidiary offers states unique "exchange-based" and other cost-effective coverage solutions for low-income populations. The company 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, life and health management, managed vision, telehealth services, and pharmacy benefits management. More information regarding Centene is available at www.centene.com.
SOURCE Centene Corporation