Announced
Completed
Financials
Tags
United States
Completed
healthcare
Acquisition
Public
health plans
Health Care Services
Natural
Single Bidder
Synopsis
Centene Corporation, healthcare enterprise has completed its acquisition of Health Net, managed health care services for $6.8bn. The combination of Centene and Health Net would create a leading diversified multi-national healthcare enterprise. Centene is expected to continue to deliver attractive growth by offering a more comprehensive and scalable portfolio of innovative solutions focusing on uninsured and under-insured individuals. "This transaction ensures that we extend our competitive position as one of the largest plans covering government-sponsored programs in the country. With Health Net, we see opportunities to leverage our local approach more broadly to enhance our members’ access to higher quality healthcare services on a cost-effective basis and ensure measurable quality outcomes.” Michael F. Neidorff, Centene’s Chairman, President and Chief Executive Officer.
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