Filed by RightCHOICE Managed Care, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: RightCHOICE Managed Care, Inc.
Commission File No. 333-34750
The following communications contain forward-looking
statements within the meaning of the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. In
particular, statements regarding the reorganization of
RightCHOICE Managed Care, Inc., a Missouri corporation, are
based on management's current expectations or beliefs and
are subject to a number of factors and uncertainties that
could cause actual results to differ materially from those
described in the forward-looking statements. Careful
consideration should be given to risk factors included in
RightCHOICE's reports filed with the Securities and Exchange
Commission, especially the section entitled "Risk Factors"
in "ITEM 1. BUSINESS" of RightCHOICE's Annual Report on Form
10-K for the year ended December 31, 1999.
For Further Information
Kevin Aandahl 314-923-6268
Deb Wiethop 314-923-4767
RIGHTCHOICE RELEASES PRELIMINARY SECOND QUARTER EARNINGS
ESTIMATES
Strong Growth in Enrollment and Revenues
ST. LOUIS, JUNE 22, 2000 - RightCHOICE Managed Care, Inc.
(NYSE:RIT) today released preliminary earnings estimates for its
second quarter ending June 30, 2000. Net income for the quarter
is anticipated to be between $7.5 million and $8.4 million, or 40
cents to 45 cents diluted earnings per share. This compares with
net income of $3.9 million, or 21 cents per share, in the second
quarter of 1999.
"Our operating strategy continues to demonstrate solid momentum.
Enrollment and revenue numbers show strength into the second
quarter, medical costs remain in line with expectations and
administrative overhead is lower than our budget estimates.
Based on results we're seeing for April and May, and assuming no
unusual or unexpected events in June, we're on pace to
significantly exceed second quarter 1999 earnings," stated John
O'Rourke, chairman, president and chief executive officer of
RightCHOICE.
RightCHOICE expects to issue its full earnings report on or about
July 27, 2000.
THE STATEMENTS IN THIS PRESS RELEASE REGARDING ANTICIPATED,
EXPECTED OR ESTIMATED EARNINGS FOR THE SECOND QUARTER OF 2000 ARE
"FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. THESE STATEMENTS ARE
BASED ON MANAGEMENT'S CURRENT EXPECTATIONS AND ARE NATURALLY
SUBJECT TO UNCERTAINTY AND CHANGES IN CIRCUMSTANCES. ACTUAL
RESULTS MAY VARY MATERIALLY FROM THE EXPECTATIONS DESCRIBED
ABOVE. INVESTORS SHOULD NOT VIEW THESE FORWARD-LOOKING
STATEMENTS AS GUARANTEES OF FUTURE PERFORMANCE. THE RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY ARE DETAILED IN THE COMPANY'S FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION, INCLUDING ITS MOST RECENT
QUARTERLY REPORT ON FORM 10-Q AND ANNUAL REPORT ON FORM 10-K.
RIGHTCHOICE IS NOT UNDER ANY OBLIGATION, AND EXPRESSLY DISCLAIMS
ANY OBLIGATION, TO UPDATE OR ALTER ITS FORWARD-LOOKING STATEMENTS
WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR
OTHERWISE.
BLUE CROSS AND BLUE SHIELD OF MISSOURI AND ITS FOR-PROFIT
SUBSIDIARY, RIGHTCHOICE MANAGED CARE, INC., ARE THE LARGEST
PROVIDERS OF HEALTH CARE BENEFITS IN MISSOURI IN TERMS OF
MEMBERS. THE COMPANY'S WEB SITE ADDRESSES ARE WWW.RITUSA.COM AND
WWW.ALLIANCEBLUE.COM
