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Completed
Synopsis
Centene, a multi-line managed care enterprise that serves as a major intermediary for both government-sponsored and privately insured health care programs, completed the acquisition of WellCare Health Plans, which provides managed care health plans primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug plans, for $17.3bn. "We are pleased to have completed this transformational acquisition to create a leading healthcare enterprise committed to helping people live healthier lives through access to high-quality and affordable healthcare solutions. Through the integration planning process, it has become even more apparent that our goals, cultures and values are aligned. Centene is committed to building on our mission to further improve the health of the communities we serve. We look forward to Centene's next chapter where we will continue to drive growth and create value for shareholders," Michael F. Neidorff, Centene's Chairman, President and Chief Executive Officer.
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