Health insurer Centene's revenue, profit beat Street
Posted on Feb 7, 2017 (78 days ago)
Centene Corp reported quarterly revenue and profit ahead of analysts' estimates, helped by growth in its Obamacare individual business and as the health insurer's efforts to turn around recently acquired Health Net paid off. Centene's shares, which have fallen about 4 percent since the U.S. presidential election on Nov. 8, rose 8.25 percent to $68.88 in morning trading on Tuesday. The company has benefited from the expansion of Medicaid under the Affordable Care Act like other health insurers that focus on government-sponsored plans for the under-insured or uninsured.
Year In Review 2016: Leadership changes at Express Scripts, Centene expansion headline health care
Posted on Dec 19, 2016 (127 days ago)
A new leader took the reins at St. Louis’ largest public company in 2016. Tim Wentworth officially added the title of CEO to his role as president of Express Scripts, the pharmacy benefits manager that had 2015 revenue of $101.8 billion, in May. He succeeded George Paz, who announced in 2015 that he would be stepping down.Paz, who became Express Scripts’ CEO in 2005, continues to serve as chairman of the company. Another local public company in the health care industry also had big news in 2016: Centene closed in March on its $6 billion acquisition of California-based Health Net Inc .
Health insurer Centene's quarterly profit misses estimate
Posted on Oct 25, 2016 (183 days ago)
Health insurer Centene Corp reported a lower-than-expected quarterly profit, largely weighed down by the Health Net acquisition. Centene, which acquired the smaller rival earlier in the year, set aside a $300 million reserve in July related to Health Net's operations. Analysts have said Centene's investors could grow frustrated over Health Net's performance, which has been below expectations so far.
Health insurer Centene's 2nd-qtr revenue nearly doubles
Posted on Jul 26, 2016 (274 days ago)
Health insurer Centene Corp said its quarterly revenue nearly doubled, helped by the acquisition of rival Health Net. Centene, which focuses on government-sponsored health plans, said net earnings from ...
Humana, Health Net win U.S. defense contracts -Pentagon
Posted on Jul 21, 2016 (278 days ago)
Humana Government Business Inc, a unit of Humana Inc, and Health Net Federal Services LLC have been selected to provide managed care support to the U.S. Defense Department's TRICARE healthcare program, the Pentagon said on Thursday. The total potential value of Humana's contract, including all option periods, is estimated at $40.5 billion. The instant award, which comprises the nine-month base period, is valued at $67.4 million, the Pentagon said in a statement.
Centene Clears Big Antitrust Hurdle As Aetna And Anthem Sweat
Posted on Mar 24, 2016 (398 days ago)
Amid unprecedented health insurance industry consolidation, Centene's $6B purchase of Health Net is the first of three major deals to be approved by federal and state regulators. Still to be approved is Anthem's bid for Cigna and Aetna's takeover of Humana amid intense antitrust scrutiny of health plans