CB Insights April 11, 2019
Centene’s $15.3B acquisition of WellCare is the latest example of insurer consolidation.
Centene announced its $15.3B acquisition of WellCare last month. The transaction helps diversify Centene away from the individual marketplaces, where it is a market leader, and towards government funded programs like Medicaid managed care and Medicare Advantage. (We’ve discussed Medicare Advantage at length here, and for clients, hereand here.)
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The acquisition is part of broader trend of insurer consolidation that will have uncertain impacts for consumers and startups.
Centene and WellCare are both products of insurers being acquired....