HealthExec May 21, 2024
The Centene Foundation—the philanthropic arm of the nation’s largest Medicaid insurer—announced it is partnering with developer McCormack Baron Salzar to build $900 million worth of affordable housing units in eight states.
The announcement was made by Sarah London, CEO of Centene, during a speaking engagement at Fortune Magazine’s Brainstorm Health Conference. The partnership will create thousands of housing units, which London said is important to the health of Centene’s members, thus aligning patient care and business incentives.
“One of the barriers to the development of affordable housing units is actually the bottleneck of pre-development dollars,” London said, adding that the partnership with McCormack will allow the organizations to unlock funds for “development projects across the country,” particularly in...
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