Through a diversified product portfolio and expanding geographic reach, Centene continues to deliver results by executing on our strategy, growing premium and service revenues profitably.
This is evidenced by organic growth within our existing states, new Medicaid contracts, new contract awards in innovative healthcare services, key acquisitions to enhance our medical management platform and participation in Health Insurance Marketplaces.
Centene Completes Acquisition of Health Net
Centene announced on March 24, 2016, that it has completed its acquisition of Health Net, Inc. The closing of the transaction followed the approval of each company’s shareholders and receipt of all required regulatory approvals. With the acquisition complete, Centene is well-positioned to continue to drive long-term growth as a leading, diversified multi-national healthcare enterprise with a platform for government-sponsored programs and the largest Medicaid Managed Care Organization in the country.
Effective with the closing of the acquisition, Health Net is a wholly owned subsidiary of Centene and no longer a publicly traded company. Additional information for holders of Health Net stock can be found here.