Centene and WellCare Announce Agreement Between WellCare and Anthem, Inc., to Divest Missouri and Nebraska Medicaid Plans
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: PR Newswire
ST. LOUIS and TAMPA, Fla., Sept. 26, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene") and WellCare Health Plans, Inc. (NYSE: WCG) ("WellCare") announced today that, in connection with the previously announced merger agreement between Centene and WellCare, a subsidiary of WellCare has entered into a definitive agreement under which Anthem, Inc. (NYSE: ANTM) ("Anthem") will acquire WellCare's Missouri and Nebraska Medicaid plans. The closing of the transaction with Anthem is subject to U.S. federal antitrust clearance, receipt of Missouri and Nebraska state regulatory approvals and other customary closing conditions, as well as the closing of the Centene – WellCare transaction.In connection with the transaction, the companies are developing a plan to ensure that there is a smooth transition for members. "This agreement represents an important milestone toward completing the combination of Centene and WellCare," said Michael F. Neidorff, Centene's Chairman, President
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