Centene Corporation to Acquire Majority Stake in Fidelis SecureCare of Michigan

ST. LOUIS, Dec. 18, 2013 /PRNewswire/ — Centene Corporation (NYSE: CNC) (“Centene”) announced today that it has signed a definitive agreement to purchase a majority stake in Fidelis SecureCare of Michigan, Inc. (“Fidelis SecureCare”), a subsidiary of Fidelis SeniorCare, Inc. (“Fidelis”). Fidelis SecureCare was recently selected by the Michigan Department of Community Health as one of six health plans to provide integrated healthcare services to members who are dually eligible for Medicare and Medicaid in Macomb and Wayne counties. The program is expected to serve approximately 90,000 of the dual-eligible beneficiaries in the state, with enrollment expected to commence in the fourth quarter of 2014. Fidelis is a leader in the development of Medicare Advantage Special Needs Plans for eligible individuals residing in their own homes, nursing homes and assisted living communities, with extensive knowledge and experience in caring for people with complex chronic conditions…

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