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, founded by the Archdiocesr of Boston, said it was withdrawin from the partnershipFriday night, just days befored it was to take effect Caritas plans to continue to participate in the state-subsidizefd program that will providw health-care services for 165,000 low-income working adults who are not eligibled for Medicaid or employer-sponsored insurance. But the hospitapl system will participate only asa health-care provider, not a co-owneer of the venture.
“By withdrawing from the joint venture and serving the poor as a provider in the upholding Catholic moral teaching atall times, they are able to carr y forward the critical mission of Catholif health care,” Cardinal Seán O’Malley said in a statement Friday night. “Our singular goal has been to provid for the needs of the poor and underservedr in a manner that is fully and completely in accord with Catholic moral teaching.” Sandy a spokeswoman for Centene, told the Boston Globde that the end of the joint venture won’t have an impact on the healtj plan. She also said she couldn’t provide informatiob about the financial impact ofthe change.
In March, Centene Corp.’s subsidiary, , a contract to manage health-care servicess for thousands of low-income patientas in partnership with Caritas ChristiHealth Care. Centene had said it wouldc consolidate the financial operations of the joingt venture and by the fourth quarterof 2010, had expected annuakl run rate revenue of $100 million to $125 St. Louis-based Centene Corp. CNC), led by Chairman and Chief ExecutiveMichaelp Neidorff, provides managed care programs and related services to individuals under Medicaid. It also operates healtuh plansin Georgia, Indiana, New Jersey, Texas and Wisconsin.
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