DETROIT, Nov. 10 /PRNewswire-FirstCall/ -- United American Healthcare Corporation , a pioneer in health care services for Medicaid recipients, announced today that its recently formed Georgia subsidiary has applied for a license to do business as a health maintenance organization (“HMO”) in the State of Georgia. It is anticipated that at some future time, the Georgia Department of Community Health may assign members of Georgia’s Medicaid population to HMOs that it will select, pursuant to a Request for Proposals process to be conducted by the Department. Georgia’s Medicaid population includes more than 1.3 million members. The cost of the State’s Medicaid program has been growing at 10-12% per year since 2002, and is expected to exceed $5 billion this year.
United American Healthcare Corporation’s new wholly owned subsidiary, Omni Health Care Plan of Georgia, Inc., applied to the State of Georgia Office of Insurance and Safety Fire Commission for the HMO license.
“As we have stated over the past year, we continue to explore several expansion opportunities for United American Healthcare,” commented William C. Brooks, President, CEO and Chairman of United American Healthcare. “We believe Georgia’s Medicaid market represents an ideal opportunity for UAHC. The demographics of Georgia’s Medicaid population are similar to that of the State of Tennessee, where we have successfully and profitably delivered health care services to over 130,000 Medicaid members. We believe the similarities between the Georgia and Tennessee Medicaid populations will complement our existing business model and allow us to deliver quality managed health care to Georgia’s Medicaid population in a profitable manner.”
About United American Healthcare
United American Healthcare is a full-service healthcare management company, pioneering the delivery of healthcare services to the Medicaid population since 1985. The Company owns and manages OmniCare Health Plan, Inc. in western Tennessee, including Memphis, through which UAHC serves 130,000 enrollees in Tennessee.
Forward looking statements by United American Healthcare Corporation, including those in this announcement, involve known and unknown risks, which may cause actual results and corporate developments to differ materially from those expected. Factors that could cause results and developments to differ materially from expectations include, without limitation, the effects of state and federal regulations, the effects of acquisitions and divestitures, and other risks described from time to time in each of United American Healthcare’s SEC reports including quarterly reports on Form 10-Q, annual reports on Form 10-K, and reports on Form 8-K.
United American Healthcare Corporation
CONTACT: Stephen D. Harris, Chief Financial Officer of United AmericanHealthcare Corp., +1-313-393-4571; or Investor Relations, Charles Messman orTodd Kehrli of MKR Group, LLC, +1-818-556-3700, for United American HealthcareCorporation