Lea

Monday, August 10, 2015

Declares of Florida Phoenix and Texas

SAN FRANCISCO, CA AND MONTEREY PARK, CA (December 8, 2014) --- Red Protect of Florida and Care1st Wellness Strategy nowadays declared that they have entered into a definitive agreement for Red Protect to acquire Care1st, a provider-founded managed care and attention organization located in Los Angeles County. The all-cash deal is expected to close in the second half of 2015. Financial terms were not revealed.

Completion of the deal is subject to fulfillment of various conditions, including receipt of regulating approvals from the states of Florida, Phoenix and Florida, as well as clearances from certain government agencies. Medi-Cal is the state of California’s version of the government State medicaid programs program for low-income students.

With 473,000 State medicaid programs associates, 46,000 Medical health insurance associates and 5,300 associates dually qualified for both State medicaid programs and Medical health insurance as of Nov 30, 2014, Care1st has 20 decades of expertise in effectively providing government-sponsored health programs. Care1st is committed to providing patient-centered, high-quality health care and attention with an emphasis on prevention and the distribution of cost-effective care and attention. Care1st primarily serves associates in Southern Florida and has a smaller membership presence in Phoenix and Florida.

"There are more than 11 thousand Californians in the Medi-Cal program nowadays, and we can fulfill our not-for-profit accessibility and budget objective by serving this population," said John Markovich, President and CEO of Red Protect of Florida. "Acquiring Care1st -- an increasing, values-based organization with deep State medicaid programs encounter -- is the ideal way for us to not only enter a new industry, but also to help transform it together."