Recent healthcare mergers were struck down in courts, although Centene has not issued a statement of concern regarding this. In a join statement issued by Centene and WellCare, they indicated that the transaction is expected to be completed in the first half of 2020 if it passes regulatory hurdles. WellCare has been aggressively growing recently with key, strategic acquisitions and growth trajectories, and some analysts believe that WellCare’s shareholders will be less excited about the planned acquisition as a result of WellCare’s strong growth plan over the next several years. WellCare Health Plans, the smaller of the two entities, is based in Florida and provides primarily managed care health plans through Medicaid, Medicare Advantage and Medicare Prescription plans for over 4 million members in the US. Centene owns many well-known healthcare companies, including Cenpatico, Health Net, Ambetter, and Centurion. In recent years, Centene has been ranking in the top 100 of the US Fortune 500 largest corporations in the US, coming in at number 61 in 2018 in terms of overall revenue. Its businesses focus primarily on Medicare, Medicaid, Tricare, as well as traditional commercial insurance. Centene owns a number of healthcare subsidiaries and is a multi-line managed care organization that serves both government-sponsored and privately insured health care programs. Louis’ largest employers and the largest corporation in the state of Missouri. Louis, where Centene is currently headquartered and has been aggressively purchasing properties and expanding its footprint in recent years, while additional operations will likely continue in Florida at Wellcare’s current offices.Ĭentene Corporation is one of St. The headquarters are expected to remain in St. Michael Neidorff, the current CEO of Centene, will continue as chairman and CEO post-merger, while senior managers of Wellcare are expected to join the Centene senior management team. WellCare’s recent growth has focused primarily on Medicaid, and was in the news in September 2018, when it closed a $2.5 billion acquisition of Meridian Health Plan.

Additionally, Wellcare announced recently the acquisition of a Medicare prescription drug plan from Aetna that will be brought over into the Centene deal. Managed Care PowerhouseĬurrently, the two companies serve over 12 million Medicaid members and nearly 1 million Medicare members. As a combined entity, the companies will serve over 22 million members across the United States, and will give Centene the ability to continue to expand its offerings of Medicaid programs and ACA marketplace plans. Missouri-based health insurer Centene announced an acquisition deal valued at over $17 billion to purchase Wellcare Health Plans.

Centurion managed care headquarters