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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:02 EDTCNCCentene subsidiary awarded Mississippi statewide Medicaid contract
Centene announced that the state of Mississippi has awarded its subsidiary, Magnolia Health Plan, a statewide managed care contract to continue serving members enrolled in the Mississippi Coordinated Access Network program, as one of two contractors. Magnolia has been serving members in the MississippiCAN program since 2011. Under the new contract, Magnolia will continue providing outpatient, behavioral health, pharmacy, vision and dental services, and will also begin providing non-emergency transportation as of July 1. The MississippiCAN program covers the Supplemental Security Income, Foster Care, Breast and Cervical Cancer, Pregnant Women, Children and TANF populations throughout the state of Mississippi.
News For CNC From The Last 14 Days
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April 17, 2015
08:04 EDTCNCCentene's Nurtur receives full URAC accreditation
Centene announced that Nurtur, its health and wellness subsidiary, received full Disease Management Accreditation from URAC, a Washington, DC-based healthcare accrediting organization that establishes quality standards for the healthcare industry.
April 13, 2015
10:58 EDTCNCCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTCNCJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
April 6, 2015
07:57 EDTCNCLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte discusses the leverage Anthem likely has in its Pharmacy Benefit Manager (PBM) contract with Express Scripts and how it changes after the Catamaran-Optum Rx deal, the synergy potential for the deal between Catamaran and Optum Rx and the likelihood of Cigna-HS remaining with the newly merged Optum Rx-CTRX on an Analyst/Industry conference call to be held on April 6 at 2 pm.

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