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Article: Centene Corporation Closes Acquisition of UMDNJ's University Health Plan in New Jersey; Company Reaffirms Guidance for 2003.
- Article from:
- Business Wire
- Article date:
- December 2, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ST. LOUIS--(BUSINESS WIRE)--Dec. 2, 2002
Centene Corporation (Nasdaq:CNTE) announced today that it has closed its acquisition of a controlling interest in University Health Plan (UHP) from the University of Medicine and Dentistry of New Jersey (UMDNJ). The transaction was effective December 1, 2002.
Michael F. Neidorff, President and Chief Executive Officer of Centene, said, "We are pleased to have closed this acquisition within the expected timeframe, which marks the entry into our fourth state, New Jersey. We look forward to serving the 52,000 UHP Medicaid members in 15 counties throughout New Jersey, and to increasing our ...