ST. LOUIS--(BUSINESS WIRE)--Mar. 2, 2009--
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
The impact of this transaction was included in our previously-issued
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.
Source: Centene Corporation
Edmund E. Kroll
Senior Vice President,
Finance and Investor Relations
Senior Director, Corporate Communications