Centene Completes Sale of New Jersey Assets to Amerigroup
ST. LOUIS, March 1 /PRNewswire-FirstCall/ -- Centene Corporation (NYSE: CNC) announced today that it has completed the sale of the Medicaid assets of its New Jersey subsidiary, University Health Plans, Inc. (UHP), to Amerigroup New Jersey, Inc. The sale agreement was previously announced in November 2008, and in October 2009, a settlement agreement was reached to resolve litigation regarding this transaction.
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 Children's Health Insurance Program (CHIP), 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 range of healthcare solutions for the rising number of uninsured Americans. It 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
Released March 1, 2010