PHC Holdings of Florida Purchases Citrus Health Care

SAN ANTONIO, April 14 /PRNewswire/ -- PHC Holdings of Florida, which manages Medicare Advantage plan company Physicians Health Choice of Florida, has acquired Citrus Health Care.

Based in Tampa, FL, Citrus Health Care primarily serves Medicare and Medicaid beneficiaries through contracts with the Center for Medicare and Medicaid Services (CMS) and the Agency for Health Care Administration (AHCA), respectively.  Citrus Health serves 10,000 Medicare Advantage plan members and 44,000 Medicaid plan members in Florida.

Financial terms of the deal were not disclosed.

A physician-owned company, Physicians Health Choice offers more than 30 Medicare Advantage health plans to nearly 30,000 members across the southern United States – including Ft. Lauderdale and Palm Beach County, Florida; Austin, Corpus Christi, El Paso and the Rio Grande Valley in Texas; Las Cruces and Alamogordo, New Mexico; and Little Rock, Arkansas.

Physicians Health Choice, founded in 2005, is a subsidiary of WellMed Medical Management, Inc. – a medical management company with 20 years experience providing quality medical care to older adults.

SOURCE PHC Holdings of Florida