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AmeriHealth Mercy Family of Companies Acquires Community Behavioral HealthCare Network of Pennsylvania
Date:1/31/2008

Behavioral managed care company expands AmeriHealth Mercy's product

offerings for publicly insured managed care

PHILADELPHIA, Jan. 31 /PRNewswire/ -- The AmeriHealth Mercy Family of Companies, a national Medicaid managed care company, announced today that it has acquired Community Behavioral HealthCare Network of Pennsylvania (CBHNP), a full-service behavioral health managed care organization based in Harrisburg, Pennsylvania. CBHNP, now a wholly owned subsidiary of AmeriHealth Mercy, serves over three million people with commercial insurance, Medicare and Medicaid.

AmeriHealth Mercy specializes in providing managed care services and management for publicly funded programs, with special expertise in Medicaid and State Children's Health Insurance Programs (SCHIP). The acquisition of CBHNP adds behavioral health expertise to the current AmeriHealth Mercy Family of Companies' product portfolio, which includes full-risk health plans, management and administrative services, PerformRx pharmacy benefit management, and the PerforMED care coordination program. As a subsidiary of AmeriHealth Mercy, CBHNP will maintain its existing business operations, facility, management team and associates, and will continue its mission of offering quality behavioral health care services to stakeholders in local communities.

AmeriHealth Mercy Family of Companies President and Chief Executive Officer Daniel J. Hilferty stated, "We are very happy to welcome CBHNP into the AmeriHealth Mercy Family of Companies. We believe the behavioral health clinical and management expertise of CBHNP combined with the market presence, Medicaid experience, and national reputation of AmeriHealth Mercy, will strengthen both organizations and offer significant new opportunities for growth." Mr. Hilferty added, "The ability to integrate medical and behavioral health care expertise will offer significant advantages to our state government clients and to the members we
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SOURCE The AmeriHealth Mercy Family of Companies
Copyright©2008 PR Newswire.
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