Centene Corporation Closes Acquisition of Managed Vision Business of OptiCare Health Systems; Specialty Services Now to Include Vision Benefit Management.ST. LOUIS -- Centene Corporation (NYSE NYSE See: New York Stock Exchange : CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) announced today that it has closed the acquisition of the managed vision business of OptiCare Health Systems, Inc. through its specialty company subsidiary, CenCorp Health Solutions, Inc. The OptiCare Managed Vision business, based in Rocky Mount, North Carolina You can assist by [ editing it] now. , contracts with insurers, employer groups, managed care plans, HMOs and other third-party payors to manage claims payment and other administrative services of eye health benefits. Michael F. Neidorff, Chairman and Chief Executive Officer of Centene, stated, "This acquisition furthers our goal of building a multi-line healthcare enterprise. With this addition to CenCorp Health Solutions, we have continued to expand our specialty capability to include vision benefit management as these services will now be available to Centene's Medicaid health plans and external customers. This transaction is consistent with our acquisition criteria and our methodical approach to growth for 2006 and beyond." About Centene Corporation Centene Corporation provides multi-line managed care programs and related services to individuals receiving benefits under Medicaid, including Supplemental Security Income Supplemental Security Income A Social Security program established to help the blind, disabled, and poor. (SSI), and the State Children's Health Insurance Program (SCHIP SCHIP State Children's Health Insurance Program ). The Company operates health plans in Georgia, Indiana, Kansas, Missouri, New Jersey, Ohio, Texas and Wisconsin. In addition, the Company contracts with other healthcare organizations to provide specialty services, including behavioral health, disease management, nurse triage, pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. and treatment compliance. Information regarding Centene is available via the Internet at www.centene.com. |
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