Fidelis Care Centene Completes Business Deal

Fidelis Care, a healthcare company, has completed its business deal with Centene Corporation, a leading healthcare enterprise. This strategic partnership will allow Fidelis Care to expand its services and reach more people in need of healthcare.

Fidelis Care is a Medicaid managed care organization that provides healthcare services to over 500,000 members in New York State. The company has a strong presence in the region and has been committed to delivering high-quality healthcare services to its members.

The partnership with Centene Corporation will enable Fidelis Care to leverage Centene's expertise and resources to improve its operations and services. This will ultimately benefit Fidelis Care's members by providing them with better access to healthcare services and improved health outcomes.

The Fidelis deal was a major milestone for Centene, giving it a leading managed care market share in New York. This expansion into the country's second largest managed care market by membership marked a significant move for the company.

Centene's national membership now stands at approximately 14 million members, thanks to the purchase. This is a substantial increase and a testament to the company's growth and success in the market.

The Fidelis acquisition was a strategic move for Centene, allowing it to strengthen its position in the managed care market. The company has a proven track record of performing well, thanks to its ACA and Medicaid managed care portfolio.

Centene's focus on government-sponsored health plans has paid off, with the company reporting better-than-expected earnings in the 2018 first quarter. This was due to increased membership and lower Medicaid healthcare costs.

The company's health benefits ratio, also known as medical loss ratio, dropped to 84.3% in the same period last year, even amid a strong flu season. This indicates a more efficient operation and a better ability to manage healthcare costs.

Centene's ability to retain members is also noteworthy, with the company retaining 80% of its 2017 ACA exchange members. This is a significant achievement, especially considering the strong flu season that year.

In the US, the New York, Dallas, Houston, San Antonio, and Washington, DC offices of a law firm represented New York State Catholic Health Plan, Inc., d/b/a Fidelis Care New York in the US$3.75 billion acquisition.

The deal was covered extensively in the press, including CNBC, USA Today, Fortune, Forbes, WSJ, and others.

Fidelis Care's acquisition by Centene Corporation was a significant deal, and it's worth noting that the law firm's offices were involved in representing Fidelis Care in the US.

Centene Corporation is a Fortune 100 company that provides a variety of services to government sponsored and commercial health care programs.