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Health Net, LLC, a subsidiary of Centene, is an American health care insurance provider. Health Net and its subsidiaries provide health plans for individuals, families, businesses and people with Medicare and Medicaid, as well as commercial, small business, and affordable care insurance. [1] [2] In 2016, Centene acquired Health Net for $6.8 ...
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 began offering state-run Medicaid programs through Affordable Care Act exchanges in 2014. [7] In July 2015, Centene announced it would acquire Health Net. [8] [9] [10] In March 2016, it finalized its acquisition [11] In September 2017, it announced that it would acquire Fidelis Care, a nonprofit insurer in New York, for US$3.75 billion ...
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Centene's quarterly medical loss ratio, or the percentage of premiums paid out for medical services, was 87%, c Health insurer Centene raises profit view on lower medical costs Skip to main content
Centene had expected to pay $1.3 billion under the program previously, but the U.S. Centers for Medicare & Medicaid Services said the company does not have to make any payment towards the program ...
S&P MidCap 400 constituent Centene Corp. (NYSE: CNC) replaced Ensco plc (NYSE: ESV) in the S&P 500. FR: First Industrial Realty Trust: HNT: Health Net: Centene acquired Health Net. March 8, 2016: NJR: New Jersey Resources: SFG: StanCorp Financial: Meiji Yasuda Life Insurance Co. acquired StanCorp Financial. [264] March 7, 2016: HR: Healthcare ...
States began reassessing eligibility for enrollment in Medicaid last year, following the termination of a policy that required insurers to keep low-income Americans enrolled through the COVID-19 ...