Centene Statement on Puerto Rico Decision
ST. LOUIS, Aug 31, 2010 /PRNewswire via COMTEX/ --
Centene Corporation (NYSE: CNC) and American Health, Inc., were notified by Puerto Rico's Administracion de Seguros de Salud (ASES) that the AHI proposal, submitted in alliance with Centene, was not selected to render health services under the Commonwealth's Mi Salud program, after the parties were unable to reach mutually acceptable economic terms.
AHI and Centene appreciate the extraordinary efforts in developing the proposal over these past several months by the provider networks associated with the proposal and our dedicated teams.
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