GHI HMO TO ACQUIRE ABC HEALTH PLAN ASSETS
THE ACQUISITION IS EXPECTED TO INCREASE GHI HMO’S MEMBERSHIP BY 8,000
(New York, NY - July 28, 2005) GHI HMO Select Inc., a fully owned subsidiary of New York City-based health insurer Group Health Incorporated (GHI) will acquire the assets of ABC Health Plan, a non-profit Prepaid Health Services Plan (PHSP) previously owned and operated by Beth Israel Medical Center and the Institute for Urban Family Health (IUFH). ABC Health Plan provides managed care services to Medicaid, Family Health Plus, and Child Health Plus enrollees who reside in the Bronx and Manhattan.
The approximately 8,000 ABC Health Plan members will become members of GHI HMO. ABC Health Plan’s network, which includes family practice sites, primary care locations, and hospitals such as Beth Israel Medical Center, St. Luke’s Roosevelt Hospital, Bronx Lebanon Hospital, Harlem Hospital, Jacobi Hospital, and North Central Bronx Hospital, will also become part of the network that serves GHI HMO members enrolled in government programs such as Managed Medicaid, Family Health Plus, and Child Health Plus.
For the fifth consecutive year, the New York City-based health insurer Group Health Incorporated (GHI) has partnered with the NY Mets to recognize, honor and bring special moments to deserving individuals through the GHI-Mets Magic Program. Six different youngsters, some recovering from life-threatening illnesses, have had the once-in-a-lifetime thrill of throwing the first pitch at a Mets game. Adults who devote themselves to volunteer work have received pre-game on-field honors, plus a contribution to their favorite charity.
“This is a win-win situation for members of both ABC Health Plan and GHI,” said Frank Branchini, President and CEO of GHI. “It is in keeping with GHI’s mission to serve all segments of the New York City population and also with our corporate strategy to expand our public programs portfolio. ABC Health Plan enrollees will be able to continue to see their current providers and to take advantage of the larger GHI HMO network, which spans New York City and the surrounding counties. They will also be able to participate in GHI HMO’s Disease Management programs. Current GHI Medicaid Managed Care members will gain access to the additional ABC network providers, as well.”
It is anticipated that ABC Health Plan’s Medicaid Managed Care, Family Health Plus, and Child Health Plus members will be transferred to GHI HMO on August 1, 2005. Service to ABC Health Plan members will not be disrupted.
About GHI
Group Health Incorporated (GHI) is a statewide, not-for-profit insurer serving New Yorkers since 1937. GHI and its wholly-owned subsidiary, GHI HMO, provide health coverage and administrative services to more than 2.6 million individuals, offering a variety of insurance options and administrative-services-only arrangements.