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United States

Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

68.55USD
23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Centene Corp says subsidiary awarded contract
Tuesday, 30 Aug 2016 04:09pm EDT 

Centene Corp : Centene corp says Pennsylvania subsidiary awarded statewide community healthchoices managed care agreement . Five-Year agreement, with an option to renew for two additional years, is expected to commence july 1, 2017, in southwest zone .TSays Under Agreement, Pennsylvania Health & Wellness Will Coordinate Physical Health And Long term services and supports.  Full Article

Health Net announces settlement regarding employee severance agreements
Tuesday, 16 Aug 2016 04:58pm EDT 

Centene Corp : Centene's subsidiary, health net, announces settlement regarding employee severance agreements . "Health net is no longer an sec-reporting entity; Centene was not a party to these issues" . Unit Health net entered agreement with SEC to resolve allegations of health net violations in connection with severance agreements .Alleged issues occurred prior to acquisition of Health Net by Centene.  Full Article

Centene Corp: Do not have the network for Aetna assets
Tuesday, 26 Jul 2016 11:05am EDT 

Centene Corp : Continue to see as well as anticipate stable medical cost trends - conf call . Health insurance exchange experience continues to be favorable - conf call . Do not have the network for humana and aetna assets; want products for low-income seniors . In the second quarter, over 90 percent of exchange members were subsidy-eligible - conf call . Entered the q2 with about 680,000 exchange members across 15 states - conf call Further company coverage: [CNC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Centene Q2 adjusted earnings per share $1.29
Tuesday, 26 Jul 2016 06:00am EDT 

Centene Corp : June 30, 2016 managed care membership of 11.4 million, an increase of 6.8 million members, or 148% compared to Q2 of 2015. . Centene Corp qtrly revenue $10,897 million versus $5,506 million . Sees 2016 total revenues $39.4 billion to $40.0 billion . Sees 2016 gaap diluted EPS $2.65 - $3.00 . "health net integration remains on track" . FY2016 earnings per share view $4.21, revenue view $39.71 billion -- Thomson Reuters I/B/E/S . Sees 2016 health benefits ratio of 87.0% to 87.5% . Centene Corporation reports 2016 second quarter results . Q2 adjusted earnings per share $1.29 . Q2 earnings per share $0.98 . Q2 revenue $10.9 billion versus I/B/E/S view $10.79 billion . Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Health benefits ratio of 86.6% for q2 of 2016, compared to 89.1% in Q2 of 2015 .Sees 2016 adjusted diluted EPS $4.20 to $4.55.  Full Article

Centene Corporation announces pricing of notes
Thursday, 9 Jun 2016 05:23pm EDT 

Centene Corp : Centene Corporation announces pricing of notes . Centene Corp says priced $500 million aggregate principal amount of its 4.75 pct senior notes due 2022 .Senior notes will be issued at a price to public of 101.75 pct plus accrued interest from May 15, 2016 and bear interest at 4.75 pct.  Full Article

Centene Corp announces offering of notes
Thursday, 9 Jun 2016 07:26am EDT 

Centene Corp : Commenced an offering of approximately $500 million aggregate principal amount of 4.75% senior notes . Intends to use net proceeds of offering to repay amounts outstanding under its revolving credit facility and to pay related fees and expenses . 4.75% senior notes are due 2022 .Centene corporation announces offering of notes.  Full Article

Centene awarded contract for Maryland physicians care plan operations
Wednesday, 25 May 2016 09:17am EDT 

Centene Corp : Contract is expected to commence in 2017 and does not impact Centene's previously announced 2016 financial guidance .Centene awarded contract for Maryland physicians care plan operations.  Full Article

Centene Corp lowers FY 2016 guidance
Tuesday, 26 Apr 2016 06:00am EDT 

Centene Corp:Updated its FY 2016 guidance and expects FY 2016 total revenues of $39.0 - $39.8 billion.Expects FY 2016 GAAP diluted EPS of $2.45 - $2.80.Expects FY 2016 adjusted diluted EPS of $4.00 - $4.35.  Full Article

Centene Corp gives FY 2016 guidance
Tuesday, 9 Feb 2016 06:01am EST 

Centene Corp:Expects FY 2016 total revenues of $40.0 - $40.8 billion.Expects FY 2016 GAAP diluted EPS of $2.80 - $3.15.Expects FY 2016 adjusted diluted EPS of $4.05 - $4.40.Says guidance includes recently announced Centurion contract in Florida.  Full Article

Centene Corp announces pricing of senior notes offering
Thursday, 28 Jan 2016 05:32pm EST 

Centene Corp:Says pricing of an offering by its wholly owned subsidiary, Centene Escrow Corporation , of $1.4 billion aggregate principal amount of 5.625% senior notes due 2021 and $1.0 billion aggregate principal amount of 6.125% senior notes due 2024.Both series of notes priced at 100% of the principal amount thereof, which will result in aggregate gross proceeds of $2.4 billion.  Full Article

BRIEF-Centene expands marketplace offering in Arizona

* Says it estimates that its 2017 Ambetter offerings in Arizona will provide incremental revenue of over $500 million