Centene's Mississippi Subsidiary Selected for MississippiCAN Contract
ST. LOUIS, June 20, 2017 /PRNewswire/ --Centene Corporation (NYSE: CNC) announced today that its Mississippi subsidiary, Magnolia Health, has been selected by the Mississippi Division of Medicaid (the Division) to serve Medicaid recipients enrolled in the Mississippi Coordinated Access Network (MississippiCAN). Pending regulatory approval, the new three-year agreement, which also includes the option of two one-year extensions, is expected to commence in mid-2018.
"Centene is committed to serving Medicaid recipients in the state of Mississippi," said Michael F. Neidorff, Chairman, President and CEO for Centene. "We look forward to providing many more years of quality, comprehensive healthcare solutions through our locally-based health plan."
Under the new contract, Magnolia Health will provide healthcare services to members under the MississippiCAN program. Magnolia Health has partnered with the Division to provide benefits to Mississippians through the MississippiCAN program since 2011.
"It is an honor to continue our partnership with the state and our provider network to improve health outcomes and healthcare delivery in Mississippi," said Aaron Sisk, President and CEO for Magnolia Health. "We believe local partnerships enable meaningful, accessible healthcare to our members."
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored 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 Care (LTC), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as "Part D"), as well as programs with the U.S. Department of Defense and U.S. Department of Veterans Affairs. 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, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.
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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
Released June 20, 2017