Horizon Blue Cross Blue Shield Of New Jersey Now Owns 100% of NewJersey’s Largest Administrator of Medicaid Benefits

March 3, 2003 Horizon Blue Cross Blue Shield Of New Jersey Now Owns 100% of New Jersey’s Largest Administrator of Medicaid Benefits Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ), through its subsidiary Horizon Healthcare of New Jersey, Inc., announced on January 15, 2003, that it has acquired Mercy Health Plan’s partnership interest in Horizon Mercy. Horizon Mercy is New Jersey’s largest administrator of Medicaid benefits, serving 285,000 Medicaid recipients throughout the state. Horizon Mercy was a 50-50 partnership between Mercy Health Plan, a subsidiary of Mercy Health System of Southeastern Pennsylvania and . . .