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Stock Market & Financial Investment News

News Breaks
February 28, 2013
15:24 EDTCNCCentene received notice of intent to award California Medicaid contract
Centene Corporation announced that its subsidiary, California Health and Wellness Plan, has been notified by the California Department of Health Care Services of its intent to award a contract to serve Medicaid beneficiaries in 18 counties, pending regulatory approval. Under the contract, California Health and Wellness Plan will serve members under the state's Medi-Cal Managed Care Rural Expansion program. The expansion program covers members eligible for Temporary Assistance for Needy Families and Children's Health Insurance Program, as well as other populations, the company said.
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January 26, 2015
12:39 EDTCNCHHS Secretary orders Medicare to change payment method, WSJ says
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06:03 EDTCNCCentene to acquire Agate Resources
Centene announced that it has signed a definitive agreement to acquire Agate Resources, a diversified holding company that offers an array of healthcare products and services to Oregon residents. Agate is based in Eugene, Oregon. Trillium Community Health Plan, Inc., a subsidiary of Agate, participates in Oregon's Coordinated Care Organization model to provide Medicaid services to Oregon Health Plan members in Lane County, Oregon. Trillium also provides coverage to Medicare beneficiaries through a Medicare Advantage plan and participates on the Cover Oregon health insurance marketplace. Terry Coplin, the CEO of Agate, and the existing management team will continue to lead the local operations of Agate. The transaction is expected to close in Q3, subject to customary closing conditions, including Oregon regulatory approval. The deal is expected to be accretive to EPS in the first twelve months following close.

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