Edition:
United States

Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

89.78USD
4:04pm EDT
Change (% chg)

$-4.80 (-5.08%)
Prev Close
$94.58
Open
$94.74
Day's High
$94.74
Day's Low
$88.17
Volume
835,796
Avg. Vol
353,061
52-wk High
$98.59
52-wk Low
$50.33

Latest Key Developments (Source: Significant Developments)

Centene Corp's unit says received national health plan accreditation
11:00am EDT 

Sept 19 (Reuters) - Coordinated Care::Coordinated Care, unit of Centene Corporation, says received national health plan accreditation from national committee for quality assurance​.  Full Article

Centene to enter New York through transaction with Fidelis Care
Tuesday, 12 Sep 2017 04:36pm EDT 

Sept 12 (Reuters) - Centene Corp :Centene Corporation to enter New York through transaction with Fidelis Care.Centene Corp - deal for ‍$3.75 billion​.Centene Corp - ‍signed a definitive agreement under which Fidelis Care will become Centene's health plan in New York state​.Centene Corp - ‍transaction expected to be significantly accretive to Centene's EPS​.Centene Corp - ‍Centene expects to generate 2018 pro-forma total revenues of over $60 billion assuming a January 1, 2018 closing date​ for deal.Centene Corp - ‍intends to fund purchase price with $2.3 billion of new equity, including share consideration, and $1.6 billion of new long-term debt​.Centene Corp - ‍upon closing of transaction, Patrick J. Frawley will continue to lead Fidelis Care as Chief Executive Officer​.Centene Corp - ‍Centene expects to achieve $25 million of pre-tax net synergies in year 1 and $100 million run-rate synergies beginning in year 2 from deal​.Centene Corp - ‍transaction is expected to generate immediate accretion to year 1 GAAP earnings per share​.Centene Corp - ‍upon closing of transaction, Patrick J. Frawley will continue to lead fidelis care as chief executive officer​.Centene Corp - ‍Centene intends to fund purchase price with $2.3 billion of new equity, including share consideration, and $1.6 billion of new long-term debt​.Centene Corp - ‍transaction is not contingent upon financing and Centene has secured full $3.75 billion in committed bridge financing​.  Full Article

Centene Corp reports Q2 adjusted earnings per share $1.59
Tuesday, 25 Jul 2017 06:20am EDT 

July 25 (Reuters) - Centene Corp :Reports Q2 2017 earnings per share $1.44.Centene corporation reports 2017 second quarter results & raises 2017 guidance.Q2 adjusted earnings per share $1.59.Q2 earnings per share $1.44.Q2 revenue $12 billion versus i/b/e/s view $11.69 billion.Q2 earnings per share view $1.32 -- Thomson Reuters I/B/E/S.Centene corp - june 30, 2017 managed care membership of 12.2 million, an increase of 788,300 members, or 7% compared to q2 of 2016.Centene corp - qtrly total revenue $11,954 million versus $10,897 million.Centene corp - health benefits ratio (hbr) of 86.3% for q2 of 2017, compared to 86.6% in q2 of 2016.Centene corp sees 2017 total revenues $ 46.4 billion - $47.2 billion.Q2 revenue view $11.69 billion -- Thomson Reuters I/B/E/S.Sees 2017 gaap diluted eps $3.96 - $4.29.Sees 2017 health benefits ratio 87.0 % to 87.4 %.Fy2017 earnings per share view $4.80, revenue view $46.82 billion -- Thomson Reuters I/B/E/S.Centene corp - q2 of 2017 includes a $0.17 per diluted share net benefit related to reconciliation of 2016 risk adjustment under affordable care act.Sees 2017 adjusted diluted eps $ 4.70 - $ 5.06.  Full Article

Centene plans to launch health insurance marketplace product in Missouri for 2018
Friday, 30 Jun 2017 08:00am EDT 

June 30 (Reuters) - Centene Corp :Centene corp - plans to launch its health insurance marketplace product, ambetter, in missouri for 2018.  Full Article

Centene's Mississippi subsidiary selected for MississippiCAN contract
Tuesday, 20 Jun 2017 08:00am EDT 

June 20 (Reuters) - Centene Corp :Centene's Mississippi subsidiary selected for MississippiCAN contract.Centene -Pending regulatory approval, new 3-year agreement, which also includes option of two one-year extensions, is expected to commence in mid-2018.Centene Corp says under new contract, Magnolia Health will provide healthcare services to members under MississippiCAN program.  Full Article

Centene says will expand its offerings in 2018 health insurance marketplace
Tuesday, 13 Jun 2017 08:00am EDT 

June 13 (Reuters) - Centene Corp -:Centene Corp says expanding its offerings in 2018 health insurance marketplace, or exchange.Centene Corp says planning to enter Kansas, Missouri and Nevada in 2018, and expanding its footprint in six existing markets.  Full Article

Centene says Centurion to provide correctional healthcare services in South Florida
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Centene Corp :Centene Corp - Centurion Of Florida been chosen to provide correctional healthcare services for florida department of corrections in South Florida.  Full Article

Centene Corp files for potential mixed shelf offering
Wednesday, 3 May 2017 07:01pm EDT 

May 3 (Reuters) - Centene Corp :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Centene Corporation says Q1 earnings per share $0.79
Tuesday, 25 Apr 2017 06:00am EDT 

April 25 (Reuters) - Centene Corp :Centene Corporation reports 2017 first quarter results & updates 2017 guidance.Q1 2017 earnings per share $0.79.Q1 adjusted earnings per share $1.12.Q1 earnings per share $0.79.Q1 revenue $11.7 billion versus I/B/E/S view $11.4 billion.Q1 earnings per share view $1.03 -- Thomson Reuters I/B/E/S.Raises 2017 adjusted diluted EPS guidance.Health Benefits Ratio (HBR) of 87.6% for Q1 of 2017, compared to 88.7% in Q1 of 2016.March 31, 2017 managed care membership of 12.1 million, an increase of 605,000 members, or 5% over 2016.Qtrly total revenue $11,724 million versus $6,953 million.Sees 2017 adjusted diluted EPS $ 4.50 - $ 4.90.Sees 2017 total revenues $ 46.0 billion - $ 46.8 billion.Sees 2017 GAAP diluted EPS $ 3.75 - $ 4.15.Sees 2017 consolidated Health Benefits Ratio 87.0% - 87.5%.FY2017 earnings per share view $4.70, revenue view $46.56 billion -- Thomson Reuters I/B/E/S.Qtrly premium and service revenue $11.17 billion versus $6.41 billion.  Full Article

Centene Corp Q4 EPS $1.45
Tuesday, 7 Feb 2017 06:00am EST 

Centene Corp : Centene corporation reports 2016 fourth quarter and full year results . Q4 adjusted earnings per share $1.19 . Q4 earnings per share $1.45 . Q4 revenue $11.9 billion versus i/b/e/s view $10.94 billion . Q4 earnings per share view $1.11 -- Thomson Reuters I/B/E/S . Centene corp - december 31, 2016 managed care membership of 11.4 million, an increase of 6.3 million members, or 124% over 2015 . Centene corp - health benefits ratio (hbr) of 84.8% for q4 of 2016 compared to 88.0% in q4 of 2015 . Centene corp sees full year 2017 total revenue $46.0 billion - $46.8 billion . Sees 2017 gaap diluted eps $3.82 - $ 4.26 . Fy2017 earnings per share view $4.67, revenue view $46.48 billion -- Thomson Reuters I/B/E/S . Centene corp - qtrly total revenues $11,911 million versus $6,302 million .Centene corp sees full year 2017 adjusted diluted eps $4.40 - $4.85.  Full Article

BRIEF-Centene Corp's unit says received national health plan accreditation

* Coordinated Care, unit of Centene Corporation, says received national health plan accreditation from national committee for quality assurance​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)