Fidelis Care

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

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

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

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

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

References
  1. 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. 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. 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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