April 09, 2010 at 08:19 AM EDT
Centene Corporation's Celtic Unit Renews Commonwealth Care Contract

ST. LOUIS, April 9 /PRNewswire-FirstCall/ -- Centene Corporation (NYSE: CNC) today announced that the Massachusetts Health Connector has renewed its contract with Celtic Group's subsidiary, CeltiCare Health Plan of Massachusetts (CeltiCare), to serve Commonwealth Care members, effective July 1, 2010.

Under the new contract, CeltiCare will continue to be the lowest-cost health plan option for low-income, working adults (up to 300% of the federal poverty level) enrolled in the Commonwealth Care program.  

"CeltiCare is pleased to have the opportunity to continue offering high-quality healthcare services at the best value to Massachusetts residents," said CeltiCare President and Chief Executive Officer Richard D. Lynch.  "We are proud to be a part of this unique state 'exchange' that ensures formerly uninsured individuals have affordable access to comprehensive healthcare coverage."

The financial impact of the renewal of the Commonwealth Care contract was already assumed in Centene's 2010 financial guidance.

About Centene Corporation

Centene Corporation 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 State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and long-term care, in addition to 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

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here