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Great-West Healthcare Agreement With IASIS Healthcare Broadens Patients' Choice of Hospitals in Tampa Bay

Posted on: Wednesday, 12 September 2007, 15:00 CDT

Great-West Healthcare, a national employee benefits provider, announced today that it has reached a multi-year agreement with IASIS Healthcare that expands its hospital network for members in the Tampa Bay area. Effective Sept. 15, 2007, more than 16,000 Great-West Healthcare members will be able to access IASIS hospitals for in-patient and out-patient services at in-network rates. The agreement includes all Great-West Healthcare plans.

IASIS Healthcare's Tampa Bay facilities include Memorial Hospital of Tampa, Palms of Pasadena Hospital and Town and Country Hospital. Areas of specialty include surgical weight loss, joint replacement, cardiovascular imaging and urologic surgery.

"We're very excited to welcome the IASIS Healthcare facilities to the Great-West Healthcare network," said Steve White, Southeast region president, Great-West Healthcare. "This is great news for our members, who now have a broader choice of hospitals in their community."

"We are pleased that Great-West Healthcare members will have access to IASIS Healthcare's wide range of services and facilities in the Tampa Bay area, and we welcome the opportunity to help them with their health care needs," said Jim Purcell, Florida market president, IASIS Healthcare.

About Great-West Healthcare

Great-West Healthcare, a division of Great-West Life & Annuity Insurance Company, is a national employee benefits provider with expertise in self-funding and health care management solutions. Nationally, the division operates a health care network that includes more than 4,275 hospitals and 578,000 providers and provides health care coverage to 2.2 million people. Visit www.greatwesthealthcare.com for more information.

Great-West Life & Annuity Insurance Company, headquartered in metro-Denver, serves its customers through a full range of health care plans, life and disability insurance, annuities, and retirement savings products and services. It is an indirect, wholly owned subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies. Great-West Life & Annuity Insurance Company is not licensed to do business in New York. Products are sold in New York by its subsidiary First Great-West Life & Annuity Insurance Company, White Plains, N.Y.

About IASIS Healthcare

IASIS, located in Franklin, Tenn., is a leading owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. The company operates its hospitals with a strong community focus by offering and developing health care services targeted to the needs of the markets it serves, promoting strong relationships with physicians and working with local managed care plans. IASIS owns or leases 16 acute care hospitals and one behavioral health hospital with a total of 2,693 beds in service and has total annual net revenue of approximately $1.8 billion. These hospitals are located in six regions: Salt Lake City; Phoenix; Tampa-St. Petersburg, Fla.; three cities in Texas, including San Antonio; Las Vegas; and West Monroe, La. IASIS recently opened Mountain Vista Medical Center, a new 176-bed hospital located in Mesa, Ariz. IASIS also owns and operates a Medicaid and Medicare managed health plan in Phoenix that serves over 119,000 members. For more information on IASIS, visit the company's Web site at www.iasishealthcare.com.

Source: Business Wire

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