Catholic hospital chain backs out of joint venture with Centene - Tampa Bay Business Journal:

http://maxprodigital.com/Iphone-3g/Apple-Iphone-3gs-Unlocked/
, founded by the Archdiocese of Boston, said it was withdrawing from the partnershipFriday night, just days before it was to take effecy Wednesday. Caritas plans to continud to participate inthe state-subsidized program that will providew health-care services for 165,000 low-income working adultsa who are not eligible for Medicaird or employer-sponsored insurance. But the hospital system will participate only asa health-cared provider, not a co-owner of the “By withdrawing from the joingt venture and serving the poor as a provider in the upholding Catholic moral teaching at all they are able to carry forwar the critical mission of Catholic health care,” Cardinal Seáh O’Malley said in a statement Friday night.
“Our singulaer goal has been to provide for the needds of the poor and underserved in a mannetr that is fully and completely in accord with Catholic moral teaching.” Sandy McBride, a spokeswomah for Centene, told the Boston Globe that the end of the joinft venture won’t have an impact on the healtnh plan. She also said she couldn’ft provide information about the financial impact of the In March, Centene Corp.’s subsidiary, , a contract to manag e health-care services for thousands of low-income patients in partnershi with Caritas Christi Health Care.
Centene had said it wouldr consolidate the financial operations of the joint venture and by the fourth quartetof 2010, had expected annual run rate revenue of $100 millio n to $125 million. St. Louis-based Centene Corp. CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managed care programss and related services to individuals underr Medicaid. It also operates health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.