Healthcare DIVE October 29, 2025
The goodwill impairment charge is meant to realign Centene’s value on its own books with the company’s value in the markets, which has plummeted this year amid medical cost and policy headwinds.
Dive Brief:
- Centene posted a net loss of $6.6 billion in the third quarter after recording a massive charge to reflect the company’s waning value amid challenging market conditions, including Republican cuts to the healthcare system.
- Centene recorded a non-cash goodwill impairment charge of $6.7 billion, driving the payer deep into the red. Without the charge, which has no effect on Centene’s cash or underlying operations, the company would have posted a small profit.
- Overall, executives said they were pleased with Centene’s performance in the quarter, including...
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