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Great-West Healthcare and Sarasota Memorial Health Care System Agree to Contract Extension

Posted on: Thursday, 31 May 2007, 12:00 CDT

Great-West Healthcare, a national employee benefits provider, today announced it has renewed its contract with Sarasota Memorial Health Care System to provide in-network health care services to Great-West Healthcare's more than 6,000 members in Sarasota and Manatee counties. The agreement covers Great-West Healthcare's open access, point-of-service and preferred provider organization health plans.

The agreement provides Great-West Healthcare members with continued access to Sarasota Memorial's inpatient and outpatient hospital services such as comprehensive cardiac care, cancer care, emergency care, obstetrics, orthopedics and outpatient walk-in clinics.

"Great-West Healthcare has enjoyed a long-standing relationship with Sarasota Memorial and we believe this new contract will benefit our members," said Steve White, Southeast region president, Great-West Healthcare. "We are pleased to continue offering our members a wide choice of quality physicians and hospitals in Sarasota County."

"We look forward to continuing our relationship with Great-West Healthcare and meeting the health needs of their members through our comprehensive array of quality inpatient and outpatient services," said David Verinder, chief financial officer, Sarasota Memorial.

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 Sarasota Memorial Health Care System

Sarasota Memorial, an 806-bed regional medical center, is the second-largest acute care public hospital in Florida. A full-service facility, it has specialized expertise in heart, vascular, cancer and neuroscience services, as well as outpatient services, home health and long-term care among its many programs. For the third consecutive year, U.S.News & World Report magazine listed Sarasota Memorial in its prestigious "America's Best Hospitals" issue, ranking the health system among the top 50 hospitals in the nation in six specialties for 2006. The hospital is ranked 24th in the U.S. for heart and heart surgery, 30th for orthopedics, 50th for cancer care, 42nd for digestive disorders, 49th for gynecology and 44th for respiratory disorders.

Source: Business Wire

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