HealthMarkets' Subsidiaries Sign Agreement With American CareSource Holdings

HealthMarkets' subsidiary health insurance plan members now have access to an extensive network of ancillary care providers

North Richland Hills, Texas – April 27, 2009 – HealthMarkets, Inc. (http://www.healthmarkets.com) announced today that that its subsidiary insurance companies have signed an agreement with American CareSource Holdings, Inc. (http://www.anci-care.com) (Nasdaq: ANCI).

HealthMarkets® is the brand name for health insurance plans underwritten and issued by the health insurance subsidiaries of HealthMarkets, Inc., located in North Richland Hills, TX. Health insurance plans provided under the HealthMarkets brand are designed to provide personalized health insurance protection to individuals, families, the self-employed and small businesses.

"HealthMarkets is pleased to offer American CareSource's comprehensive Ancillary Care Services (ACS) network of approximately 2,500 ancillary service providers at over 25,000 sites nationwide to our health insurance plan members," said Phillip J. Hildebrand, HealthMarkets President and Chief Executive Officer. "This agreement is important because it helps HealthMarkets provide our health insurance plan members with better access to high quality ancillary health care providers and services in their local area."

ACS's network provides a broad array of services to health insurance plan members that supplement or support the care provided by hospitals and physicians, including but not limited to:

  • Non-hospital, non-physician services associated with surgery centers and free-standing diagnostic imaging centers
  • Home health and infusion
  • Dialysis
  • Durable medical equipment supply
  • Orthotics and prosthetics
  • Laboratory and other services.

"HealthMarkets represents an important segment of the health insurance market by providing flexible health insurance plans for the individual market," said David S. Boone, Chief Executive Officer of American CareSource. "We are pleased to welcome HealthMarkets as a new client and look forward to helping this organization provide an even greater array of ancillary healthcare services to their members."