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."
"We are excited to be joining with Red Protect, as our associates will greatly benefit from Red Shield’s well-established brand and extensive knowledge of the Florida medical care industry," said Anna Tran, CEO of Care1st Wellness Strategy. "Together, we will have the resources to better serve the increasing State medicaid programs and Medical health insurance communities. Red Protect and Care1st have similar mission-driven cultures with a strong commitment to our workers. We look forward to working together with the Red Protect group in order to further the Cost-effective Care Act’s universal medical care objectives."
After the deal ends, Red Protect intends to bring Care1st into its not-for-profit business structure to better arrange with its objective. Red Protect will develop intends to incorporate Care1st’s staff and infrastructure with Red Shield’s operations over a multi-year conversion period that allows both companies to keep meeting members’ needs without interruption.
Care1st Contact: Grettle Hopkins, 805-705-2586 or gary@blancohopkins.com
Blue Protect of Florida, an independent member of the Red Cross Red Protect Association, is a not-for-profit health plan with 3.4 thousand associates, 5,000 workers and $10.8 billion in annual revenue. Established in 1939 and located in San Francisco, Red Protect of Florida provides health, life, dental, vision and Medical health insurance insurance and health care and attention support programs in Florida. The company’s objective is to ensure that Californians can get to high-quality care and attention cheaply. Red Protect has contributed more than $325 thousand over the past ten decades to the Red Protect of Florida Foundation. Speak to your local agent or broker about Red Protect of Florida products and services, or check out www.blueshieldca.com.
A plan dedicated to associates first, Care1st Wellness Strategy began in 1994 by a group comprised of providers, organized medical groups, and medical centers with the heart of the community at the forefront of their minds. This dynamic group came together to create a pro-patient medical care distribution program that has grown to over 500,000 associates nowadays. Care1st offers State medicaid programs, Medical health insurance Advantage HMO, and Dual Qualified Special needs programs. The same doctors proceed to lead Care1st as an expanding consumer-based organization, striving to deliver the right care and attention, more choices, competitive benefits and provider-focused support. For more information, please check out our website at www.care1st.com.
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