HealthLeaders Media January 22, 2020
The two insurers announced plans for a $17.3 billion megamerger in March 2019.
Centene Corp. and WellCare Health Plans announced Tuesday that the two companies have received final regulatory approval for a proposed $17.3 billion megamerger, which is set to close Thursday.
As part of the transaction closing, WellCare will divest its Medicaid and Medicare Advantage plans in Missouri, along with its Medicaid plan in Nebraska, while Centene divests its Medicaid and Medicare Advantage plans in Illinois.
The two insurers announced plans for a $17.3 billion megamerger in March 2019 and the combined company will oversee 22 million members in all 50 states.
Centene CEO Michael F. Neidorff is slated to lead the company, which will be based in...