Arkansas Health & Wellness Parent Company Completes Transaction with QualChoice

Tuesday, April 2, 2019 General News
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LITTLE ROCK, Ark., April 2, 2019 /PRNewswire/ -- Arkansas Health and Wellness announced today that, following the receipt

of all required regulatory approvals, its parent company Centene Corporation has completed its acquisition of QCA Health Plan Inc., and QualChoice Life and Health Insurance Company, Inc.

This transaction, effective April

1, 2019, will expand Centene's footprint in Arkansas through its local healthcare entities Arkansas Health & Wellness and Arkansas Total Care.  These organizations combined provide healthcare to over 200,000 Arkansans through their health insurance marketplace (Ambetter), Medicaid (Arkansas Total Care), and Medicare Advantage (Allwell) products.  

"We are pleased to welcome QualChoice into our family.  This transaction allows us to expand our efforts in improving the lives of our fellow Arkansans, and will ensure QualChoice customers continue to enjoy the same high standard of care through quality, affordable health coverage." said John Ryan, President and CEO of Arkansas Health and Wellness. "Our organizations have a shared mission of providing accessible, affordable healthcare, and we look forward to continuing to serve the healthcare needs of our community."

QualChoice customers will continue to be served through the Arkansas Health Insurance Marketplace individual market and the group segment, which serves employers of all size throughout the state of Arkansas.

About Arkansas Health & Wellness

Arkansas Health & Wellness offers affordable health care solutions to help fulfill our primary purpose:  Helping Arkansas Live Better. We serve under-insured and uninsured populations through our Health Insurance Marketplace and Medicare Advantage products. Arkansas Health & Wellness is one of three partner organizations that form Arkansas Total Care, providing whole health solutions for Medicaid beneficiaries with IDD and Behavioral Health needs. Arkansas Health & Wellness is a wholly owned subsidiary of Centene Corporation, a leading multi-national healthcare enterprise. For more information, visit ARHealthWellness.com.

About Centene

Centene Corporation, a Fortune 100 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long-Term Services and Supports (LTSS), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as "Part D"), dual eligible programs and programs with the U.S. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, http://www.centene.com/investors.

 

Cision View original content:http://www.prnewswire.com/news-releases/arkansas-health--wellness-parent-company-completes-transaction-with-qualchoice-300822532.html

SOURCE Arkansas Health & Wellness



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