Healthcare Finance News December 2, 2019
Centene will retain IlliniCare’s Medicare-Medicaid Alignment Initiative business and its YouthCare foster care contract, set for February.
CVS Health and Centene have announced that, in connection with the previously announced merger agreement between Centene and WellCare Health Plans, Centene has entered into a definitive agreement under which CVS Health will acquire Centene’s Illinois health plan subsidiary, IlliniCare Health Plan.
Whle not explicitly detailedin the agreement, the deal helps to avoid antitrust concerns in the approval of the Centene and WellCare merger.
The transaction entails the sale of Centene’s Medicaid and Medicare Advantage lines of business in Illinois.
Centene will retain IlliniCare’s Medicare-Medicaid Alignment Initiative business and IlliniCare’s statewide YouthCare foster care contract, set to commence in February 2020. Centene’s Ambetter...
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