Financial performance for 2003 will be dependent upon, among other things, continued success marketing to employer groups and regional managed care organizations, renewal of current client contracts, maintenance of supplemental health revenues, and the successful integration of PNNC.
The Company has filed the required historical and pro forma financial statements related to the acquisition of PNNC on Form 8-K/A with the Securities and Exchange Commission on February 3, 2003.
The acquisition of PNNC is another important step for HealthExtras as it continues to focus on the advantages of local market differentiation," stated David T.
PNNC has accelerated the development of its business over the past several years by providing high quality account management services, flexible benefit and network design options and innovative approaches to meeting the challenges of increasing pharmaceutical costs and utilization.
Andrew Barrett, President of PNNC said, "We believe this transaction with HealthExtras will allow us to continue to grow our business while providing our clients with the same high level of service by the same team from our Raleigh office.