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Fidelis Care

Fidelis Care is a New York-based health insurance company formed in 1993.[1]

As of 2018, Fidelis Care served more than 1.7 million New York residents.[2] It is a subsidiary of Centene Corp and has offices throughout New York State.[3]

History

Fidelis Care was formed in 1993 as the NYC Catholic Health Plan Inc.[1] by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn to serve the poor and medically underserved.[4]

In 1997, Fidelis expanded to Western New York with the acquisition of Better Health Plan, a Buffalo-based HMO.[5]

Fidelis Care operates several government-sponsored health insurance programs, including Medicare, Medicaid and Child Health Plus, which was introduced in 1997.[6][5][7] The company also offers managed long-term care plans[8] and Qualified Health Plans on the NY State of Health Marketplace.[9][10][11]

In 2005, CenterCare, a New York City-based Medicaid managed care plan, became a subsidiary of Fidelis Care.[12]

Acquisition by Centene

On September 12, 2017, it was announced that Centene Corp. would acquire Fidelis Care for US$3.75 billion.[13][14] Centene completed the acquisition of Fidelis Care on July 2, 2018.[15]

See also

  • List of United States insurance companies

External links

  • http://www.fideliscare.org/

References

  1. Tracey Drury. Fidelis acquired in $3.75B deal by Centene Corp Buffalo Business First, 12 September 2017^
  2. Joseph Spector. A 24% increase in health-insurance costs? Why New York is saying no Democrat and Chronicle, retrieved 2020-11-19^
  3. About Us Fidelis Care, retrieved 2020-11-19^
  4. Tracey Drury. Founder of Fidelis Care dies after brief illness Buffalo Business First, 23 July 2012^
  5. Stephen T. Watson. A mission in health insurance has Fidelis Care growing fast in Amherst The Buffalo News, retrieved 2020-11-19^
  6. Tracey Drury. Fidelis completes $26M WNY expansion, continues hiring blitz Buffalo Business First, 23 June 2015^
  7. Lisa Childers. For many parents, New York's Child Health Plus is a saving grace Hudson Valley One, retrieved 2020-11-19^
  8. Tracey Drury. UnitedHealthcare expands services in Erie County Buffalo Business First, 13 May 2014^
  9. Branded story: vital 2017 goals for a healthy heart Democrat and Chronicle, 10 February 2017, retrieved 2020-11-19^
  10. Roger Yu. Centene to buy Fidelis Care for $3.75B to enter NY health insurance market USA Today, retrieved 2020-11-19^
  11. Health insurer climbs after buying Fidelis Care for $3.75 billion Crain's New York Business, 13 September 2017, retrieved 2020-11-19^
  12. Fidelis Care, CenterCare Sign Agreement Queens Gazette, retrieved 2020-04-06^
  13. Anna Wilde Mathews, Maria Armental. Centene Agrees to Buy Fidelis Care in $3.75 Billion Deal The Wall Street Journal, September 12, 2017, retrieved September 13, 2017^
  14. Bertha Coombs. Centene in a $3.75 billion deal for New York Medicaid leader Fidelis Care CNBC, 2017-09-12, retrieved 2020-11-19^
  15. Brian Robbins. Centene closes on Fidelis acquisition American City Business Journals, July 2, 2018^