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Fidelis Care

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Fidelis Care
Formation1993; 31 years ago (1993)
PurposeHealth Insurance Company
HeadquartersNew York City, United States
Region served
New York State
ProductsHealth insurance
Parent organization
Centene Corporation
Staffc. 4,000 (2018)[1]
Websitewww.fideliscare.org

Fidelis Care is a New York-based health insurance company formed in 1993.[2]

As of 2018, Fidelis Care served more than 1.7 million New York residents.[3] It is a subsidiary of Centene Corp and has offices throughout New York State.[4][1]

History

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Fidelis Care was formed in 1993 as the NYC Catholic Health Plan Inc.[2] by the Catholic Medical Center of Brooklyn and Queens, Inc. and the Diocese of Brooklyn to serve the poor and medically underserved.[5]

In 1997, Fidelis expanded to Western New York with the acquisition of Better Health Plan, a Buffalo-based HMO.[6]

Fidelis Care operates several government-sponsored health insurance programs, including Medicare, Medicaid and Child Health Plus, which was introduced in 1997.[7][6][8] The company also offers managed long-term care plans[9] and Qualified Health Plans on the NY State of Health Marketplace.[10][11][12]

In 2005, CenterCare, a New York City-based Medicaid managed care plan, became a subsidiary of Fidelis Care.[13]

Acquisition by Centene

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On September 12, 2017, it was announced that Centene Corp. would acquire Fidelis Care for US$3.75 billion.[14][15] Centene completed the acquisition of Fidelis Care on July 2, 2018.[1]

See also

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References

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  1. ^ a b c Robbins, Brian (July 2, 2018). "Centene closes on Fidelis acquisition". American City Business Journals. St. Louis. Archived from the original on October 15, 2022.
  2. ^ a b Drury, Tracey (12 September 2017). "Fidelis acquired in $3.75B deal by Centene Corp". Buffalo Business First.
  3. ^ Spector, Joseph. "A 24% increase in health-insurance costs? Why New York is saying no". Democrat and Chronicle. Retrieved 2020-11-19.
  4. ^ "About Us | Fidelis Care". Fidelis Care. Retrieved 2020-11-19.
  5. ^ Drury, Tracey (23 July 2012). "Founder of Fidelis Care dies after brief illness". Buffalo Business First.
  6. ^ a b Watson, Stephen T. "A mission in health insurance has Fidelis Care growing fast in Amherst". The Buffalo News. Retrieved 2020-11-19.
  7. ^ Drury, Tracey (23 June 2015). "Fidelis completes $26M WNY expansion, continues hiring blitz". Buffalo Business First.
  8. ^ Childers, Lisa. "For many parents, New York's Child Health Plus is a saving grace". Hudson Valley One. Retrieved 2020-11-19.
  9. ^ Drury, Tracey (13 May 2014). "UnitedHealthcare expands services in Erie County". Buffalo Business First.
  10. ^ "Branded story: vital 2017 goals for a healthy heart". Democrat and Chronicle. 10 February 2017. Retrieved 2020-11-19.
  11. ^ Yu, Roger. "Centene to buy Fidelis Care for $3.75B to enter NY health insurance market". USA TODAY. Retrieved 2020-11-19.
  12. ^ "Health insurer climbs after buying Fidelis Care for $3.75 billion". Crain's New York Business. 13 September 2017. Retrieved 2020-11-19.
  13. ^ "Fidelis Care, CenterCare Sign Agreement". Queens Gazette. Retrieved 2020-04-06.
  14. ^ Mathews, Anna Wilde; Armental, Maria (September 12, 2017). "Centene Agrees to Buy Fidelis Care in $3.75 Billion Deal". Wall Street Journal. Retrieved September 13, 2017.
  15. ^ Coombs, Bertha (2017-09-12). "Centene in a $3.75 billion deal for New York Medicaid leader Fidelis Care". CNBC. Retrieved 2020-11-19.
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