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Stock Market & Financial Investment News

News Breaks
June 5, 2014
08:20 EDTCNCCentene enters into transaction with Community Health Solutions in Louisiana
Centene has entered into a transaction whereby Community Health Solutions of America will assign its contract with the Louisiana Department of Health and Hospitals under the Bayou Health Shared Savings Program to Centene's wholly owned subsidiary, Louisiana Healthcare Connections. LHCC will work with the DHH and CHS to facilitate a smooth transition for the more than 200,000 TANF, CHIP and ABD members currently enrolled in the CHS plan.
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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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