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, founded by the Archdiocese of Boston, said it was withdrawinv from the partnershipFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatw inthe state-subsidized program that will providde health-care services for 165,000 low-income working adults who are not eligibl for Medicaid or employer-sponsored insurance. But the hospita system will participate only asa health-care not a co-owner of the “By withdrawing from the joint venture and servin the poor as a providert in the Connector, upholding Catholic morao teaching at all times, they are able to carry forward the critica mission of Catholic health care,” Cardinal Seábn O’Malley said in a statement Fridahy night.
“Our singular goal has been to provide for the needs of the poor and underserved in a manner that is full and completely in accord with Catholicmorao teaching.” Sandy McBride, a spokeswoman for Centene, told the Bostom Globe that the end of the joint ventur e won’t have an impact on the health She also said she couldn’t provide information about the financialp impact of the change. In March, Centened Corp.’s subsidiary, , a contract to managse health-care services for thousands of low-income patients in partnershipl with Caritas ChristiHealth Care.
Centen had said it would consolidatr the financial operations of the joint venture and by the fourthh quarterof 2010, had expected annual run rate revenuwe of $100 million to $125 St. Louis-based Centene Corp. (NYSE: CNC), led by Chairman and Chief ExecutiveMichael Neidorff, provides managee care programs and related servicez to individuals under Medicaid. It also operates health plan sin Georgia, Indiana, New Jersey, Ohio, Texas and
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