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First Health Announces Major New Clients
Contact:
Edward L. Wristen, President and CEO
or
Joseph E. Whitters, CFO
First Health
630-737-7003
FOR IMMEDIATE RELEASE
DOWNERS GROVE, IL, February 19, 2002 – Edward L. Wristen,
President and Chief Executive Officer of First Health Group
Corp. (NASDAQ: FHCC), announced today that the Company
has entered into agreements to provide services to, among
others:
IVAX Corporation
Archstone-Smith Communities, LLP
NPC International
Pipeline Industry Benefit Fund
Avant-International Employee Benefits Services
San Diego Electrical Health & Welfare & Pension
Fund
HCA, Inc.
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Renal Care Group
Indemni-Med Management, LLC
DT Industries
The Rowe Companies, Inc.
Bostik Findley, Inc.
Dairy Farmers of America
Hudson RCI, Inc.
Health Acquisition Center Program
PRG - Schultz
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Also, Mr. Wristen noted that the Company has been successful
in selling additional services such as PPO, Claims Administration,
Bill Review, Clinical Management and Stop Loss Insurance to
numerous existing clients including:
Health Net Federal Services
Central Parking System, Inc.
American International Group
American Health Group
Bollinger, Inc.
Gallagher Bassett Services, Inc.
American Insurance Administrators/University of California
- Irvine
Rexel, Inc.
Burger King Corporation
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Health Management Associates, Inc.
Adventist Health System/West
Coventry Health Care Inc.
Preferred Care
Midwest Security Administrators
The Plan Handlers, Inc./Viejas Enterprises
Triad Corporate Services, Commercial Partnership
Metromedia Restaurant Group
Mayo Health Plan of Arizona
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First Health, the nation’s premier full-service health benefits
company, specializes in providing large employers with one
integrated source for group health and workers' compensation.
By combining pioneering technology with expert industry knowledge,
First Health delivers comprehensive, cost-effective solutions
for its clients nationally. For more information, visit
the company website at www.firsthealth.com.
Certain statements herein regarding anticipated financial
results and the Company’s business prospects are forward-looking
statements that involve substantial risks and uncertainties.
In accordance with the Private Securities Litigation Reform
Act of 1995, factors that could cause the Company’s actual
results to differ materially from those expressed or implied
by such forward-looking statements include, among others,
the inability of the Company to continue to: (i)
enter into contracts with and successfully implement programs
for new and existing clients within the time frame established
by the Company and achieve the revenue growth expected to
result from the addition of such clients, (ii) expand
its group health, workers’ compensation and public sector
business, (iii) achieve the improved operating results
that are anticipated with the consolidation and rationalization
of the Company’s commercial claims processing business, (iv)
control healthcare benefit expenses, (v) achieve operation
and cost synergies anticipated as a result of the CCN acquisition,
or (vi) add CCN’s contracted providers to the First Health
Medical Network on a timely basis. All forward-looking
statements herein are made as of the date hereof and the Company
undertakes no obligation to update such statements.
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