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Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:22 EDTCNCCentene shares attractive at current levels, says FBR Capital
FBR Capital raised its price target for Centene shares to $78 from $70 after meeting with the company's CEO. The views the stock as attractive at current levels and keeps an Outperform rating on the name.
News For CNC From The Last 14 Days
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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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