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US$25.9 billion (2023) Number of employees. c. 67,700 (2023) Website. www .centene .com. Footnotes / references. [ 1] Centene Corporation is a publicly traded managed care company based in St. Louis, Missouri, which is an intermediary for government-sponsored and privately insured healthcare programs. Centene ranked No. 25 on the 2023 Fortune 500.
In January 2020, the company was acquired by Centene Corporation for $17 billion. [23] According to Fierce Healthcare, the merger created one of the largest sponsors of government coverage in the country. [23] [24] Following the merger, WellCare's CFO Andrew Asher became the CFO of Centene and CEO Kenneth Burdick joined the executive team at ...
On January 4, 2021, it was announced Centene Corporation would acquire the company for $2.2 billion. [12] On January 4, 2022, the acquisition was completed. [13] Centene divested Magellan Rx in 2022 to Prime Therapeutics. [14] Centene announced the sale of Magellan Specialty Health to Evolvent Health in 2022. [15]
Centene CEO Michael Neidorff is defending his company's $15 billion acquisition of WellCare amid activist pressure.
Centene had expected to pay $1.3 billion under the program previously, but th. Centene forecast second-quarter adjusted profit above Wall Street estimates, saying it does not have to make a ...
On the surface, Centene (NYSE:CNC) seems to be the healthcare stock most threatened by today's politics. In fact, it and CNC stock may be the least threatened. By making a profit on Medicare and ...
Centene Corporation. Staff. c. 4,000 (2018) [ 1] Website. www .fideliscare .org. Fidelis Care is a New York-based health insurance company formed in 1993. [ 2] As of 2018, Fidelis Care served more than 1.7 million New York residents. [ 3] It is a subsidiary of Centene Corp and has offices throughout New York State. [ 4][ 1]
(Reuters) -Centene Corp said on Friday it was working to enroll people back into government-backed Medicaid plans after the end of pandemic-relief measures left hundreds of thousands of members ...