Arcadian Management Services to be Acquired by Humana

OAKLAND, Calif., Aug. 25, 2011 /PRNewswire/ -- Arcadian Management Services announced today that it has signed an agreement to be acquired by Humana Inc. Arcadian Management Services was founded in 1996 and is dedicated to improving the health of its members by providing access to high-quality, cost-effective health care.  Most Arcadian members reside in small or medium-sized communities across the U.S.

"We are pleased that we were able to reach an agreement with Humana, and we feel this will ensure that our members will continue to receive the same quality and access to care as they have from Arcadian. Humana's long history in managed care and specifically Medicare Advantage was an important consideration in our decision to enter into this agreement," said Robert Fahlman Chairman and Chief Executive Officer of Arcadian. The agreement concludes a process whereby Arcadian worked with the investment banking firm, Houlihan Lokey to find a Company that could offer synergy for Arcadian members and employees.

About Arcadian Health: Arcadian Health, founded in 1996, provides Medicare Advantage coverage through its affiliates in the following 15 states: Arizona, Arkansas, California, Georgia, Louisiana, Maine, Missouri, New Hampshire, New York, North Carolina, Oklahoma, South Carolina, Texas, Virginia and Washington. The plans are offered under the following local product names: Arcadian Community Care (Louisiana and California), Arcadian Health Plan (Oklahoma), Arkansas Community Care, Columbia Community Care, Desert Canyon Community Care (Arizona), Ozark Health Plan, Northeast Community Care (Maine and New York), Southeast Community Care (Georgia, North Carolina, South Carolina and Virginia), Spokane Community Care, Texarkana Community Care and Texas Community Care. For more information about Arcadian Health, visit www.arcadianhealth.com.

MEDIA CONTACT:
Bridget Harper
Arcadian Health Plan
510-817-1016 [email protected]

SOURCE Arcadian Management Services