Forbes May 7, 2019
Amid speculation Centene may be a takeover target, the health insurer’s CEO said the company is committed to completing its acquisition of WellCare Health Plans with the regulatory process well underway.
Reports have emerged this week that Humana may be interested in Centene should Centene’s proposed acquisition of Wellcare Health Plans fall through. Centene on March 27 announced plans to buy WellCare for more than $15 billion in a deal that would expand the business of administering Medicaid benefits for poor Americans as well as private Medicare Advantage coverage.
Centene chairman and chief executive Michael Neidorff wrote a letterMonday saying the insurer was forging ahead with the WellCare deal and the regulatory process was well underway. The letter was disclosed...
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