Fidelis Care New York Acquires Better Health Plan.NEW YORK--(BW HealthWire)--Aug. 21, 1997--The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Catholic Health Plan Inc. (d/b/a Fidelis Care New York) announced today the acquisition of the assets of Better Health Plan Inc. from Coastal Physician Group Inc. (NYSE NYSE
See: New York Stock Exchange : DR). Formal approval of the acquisition was received from the New York State Department of Health earlier this week.
Fidelis Care New York (Fidelis) is a not-for-profit managed care organization sponsored by the eight NYS 1. Is not. See Nis. Catholic Dioceses, with a unique philosophy that emphasizes caring for members in all areas of their life, wherever the need is greatest. This "Healthcare from the heart" is in keeping with the mission of the Catholic Church, and is at the core of Fidelis' commitment to treating members with dignity and respect. Licensed as Prepaid pre·pay
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.
pre·payment n. Health Service Plans, both plans contract with the New York State Department of Health for the enrollment of Medicaid recipients into managed care programs.
"The acquisition of BHP BHP
blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. helps Fidelis with our strategy and mission of helping the underserved and providing services to Medicaid members, statewide," said Mark Lane, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Fidelis. "Combining the provider networks and Medicaid contracts of Fidelis and BHP creates a very strong and cost effective delivery system for Medicaid recipients." The acquisition of BHP increases Fidelis' total statewide enrollment to 60,000 members.
Fidelis will continue to provide high quality service to current members of both Fidelis and BHP and to any new Medicaid recipients. Neither members nor participating providers are expected to see any noticeable changes during this transition period.
For additional information contact Mark L. Lane, president and CEO, Fidelis Care New York or Rev. Patrick J. Frawley, COO, Fidelis Care New York at (718) 896-6500 (New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ) or (716) 564-3630 (Amherst).
CONTACT: Fidelis Care New York, New York or Amherst
Mark L. Lane/Rev. Patrick J. Frawley
718/896-6500 (New York)