Tag: Centene Corporation

RELEASE: Centene awarded statewide Medicaid contract In Iowa

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that its Iowa subsidiary, Iowa Total Care, Inc., has been tentatively awarded a statewide contract for the IA Health Link Program. Pending regulatory approval, the contract is expected to commence on July 1, 2019. “We are pleased to be selected for the IA Health Link Program,” said Michael F. Neidorff, Chairman and CEO for Centene. “We look forward to working with the state of Iowa to deliver […]

RELEASE: Centene Corporation announces offering of senior notes

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) (“Centene” or the “Company”) announced today that its wholly-owned subsidiary, Centene Escrow I Corporation (the “Escrow Issuer”), commenced an offering to sell $1.7 billion aggregate principal amount of senior notes due 2026 (the “Notes”), subject to market and other conditions. Centene intends to use the net proceeds of the offering to finance a portion of the cash consideration payable in connection with Centene’s previously announced acquisition of the assets […]

RELEASE: Centene subsidiary awarded contract in Florida

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that its Florida subsidiary, Sunshine Health, has been notified by the Florida Agency for Health Care Administration (AHCA) of its intent to award a contract to provide physical and behavioral health care services through Florida’s Statewide Medicaid Managed Care (SMMC) Program. Pending regulatory approval and successful completion of readiness review, the contract is expected to run through September 2023. AHCA’s SMMC Program serves over 3.2 million healthcare […]

Centene Corporation’s altered plans for Clayton expansion project withdrawn from city’s pending applications

Centene Corporation’s plan to add additional floors to its $770 million expansion, located across the street from its main headquarters in Clayton, has been withdrawn, according to the city’s pending applications website. Initial plans, as the Clayton Times reported in August, called for the residential tower to reach a maximum height of 150 feet. Clayco, the local construction company behind the building expansion, announced last week the intention to bulk up the tower by five more […]

Centene expansion project to get bigger under new plans filed with the city of Clayton

The planned $770 million expansion of Centene Corporation, located across the street from its main headquarters, has been bulked up, according to the latest architectural plans filed with the city of Clayton. Initial plans, as the Clayton Times reported in August, called for the residential tower to reach a maximum height of 150 feet. Clayco, the local construction company behind the building expansion, announced Wednesday that tower will now include five more floors, bringing its […]

RELEASE: Centene to present at Oppenheimer 28th Annual Healthcare Conference

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today it will present at the Oppenheimer 28th Annual Healthcare Conference, to be held March 20-21, 2018, at The Westin New York Grand Central in New York City. Centene is scheduled to present on Wednesday, March 21, 2018, at 8:35 a.m. Eastern Time. A simultaneous live audio webcast is also available at: https://www.veracast.com/webcasts/opco/healthcare2018/64205184594.cfm. A webcast replay of the presentation will be available afterwards via the Company’s website at […]

RELEASE: Centene subsidiaries awarded contract in Arizona

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that its Arizona subsidiaries, Health Net of Arizona and Cenpatico Integrated Care, have been selected to provide physical and behavioral health care services through the Arizona Health Care Cost Containment System (AHCCCS) Complete Care program in the Central region and the Southern region. Pending regulatory approval and successful completion of readiness review, the three-year agreement, with the possibility of two two-year extensions, is expected to commence on October 1, […]

RELEASE: Centene to acquire Community Medical Group to expand its provider assets

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that it has signed a definitive agreement to acquire Community Medical Holdings Corp., dba Community Medical Group (“CMG”), a leading, at-risk primary care provider, serving over 70,000 Medicaid, Medicare Advantage, and Health Insurance Marketplace program patients in Miami-Dade County, Florida. “The addition of CMG will provide Centene with a differentiated care delivery asset that shares our focus and commitment to government-sponsored programs and creates a foundation for […]

RELEASE: Centene to acquire MHM services to expand national footprint in correctional healthcare sector

ST. LOUIS /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that it has signed a definitive agreement to acquire MHM Services, Inc. (“MHM”) a national provider of healthcare and staffing services to correctional systems and other government agencies. Under the terms of the agreement, Centene will acquire 100 percent of the stock of MHM, including its 49 percent ownership of Centurion, the correctional healthcare services joint venture between Centene and MHM. MHM provides behavioral health, medical and dental […]

RELEASE: Centene Corporation reports 2017 results and increases 2018 guidance

ST. LOUIS/PRNewswire/ — Centene Corporation (NYSE: CNC) announced today its financial results for the fourth quarter and year ended December 31, 2017, reporting diluted earnings per share (EPS) of $1.30 and $4.69, respectively, and Adjusted Diluted EPS of $0.97 and $5.03, respectively. In summary, the 2017 fourth quarter and full year results were as follows: 2017 Results Q4 Full Year Total revenues (in millions) $ 12,806 $ 48,382 Health benefits ratio 87.3 % 87.3 % […]