Key Developments: Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Centene Corp raises FY 2014 guidance - Conference Call
Tuesday, 22 Jul 2014 08:30am EDT 

Centene Corp:Expects FY 2014 premium and service revenues $15 billion to $15.5 billion.Expects FY 2014 diluted earnings per share, $3.70 to $3.90.FY 2014 revenue of $15.1 billion and EPS of $3.73 - Thomson Reuters I/B/E/S.  Full Article

Centene Corp gives FY 2014 EBITDA guidance above analysts' estimates - Conference Call
Friday, 13 Jun 2014 08:00am EDT 

Centene Corp:Says for FY 2014, forecasting $600 million to $640 million in adjusted EBITDA.FY 2014 EBITDA of $551 million - Thomson Reuters I/B/E/S.  Full Article

Centene Corp awarded five-year services agreement with Cook County Health & Hospital Systems
Tuesday, 13 May 2014 08:00am EDT 

Centene Corp:Awarded five-year services agreement with Cook County Health & Hospital Systems.Under terms of agreement, which is expected to commence July 1, 2014, IlliniCare will perform third party administrative services.In addition, IlliniCare will also provide care coordination, behavioral health, optometry and pharmacy benefits management services, thus consolidating three contracts with different vendors into single cohesive partnership between IlliniCare Health and CCHHS.  Full Article

Centene Corp announces pricing of notes
Thursday, 24 Apr 2014 06:28pm EDT 

Centene Corp:Priced $300 million aggregate principal amount of its 4.75 pct Senior Notes due 2022 at par in a public offering.Underwriters were led by Barclays, SunTrust Robinson Humphrey and Wells Fargo Securities, with Allen & Company LLC, Citigroup, Morgan Stanley, and Regions Securities LLC as co-managers of the offering.Intends to use the net proceeds of the offering to repay amounts outstanding under its Revolving Credit Facility and to pay related fees and expenses.Remainder of the proceeds will be used for general corporate purposes, primarily including the funding of statutory capital.  Full Article

Centene announces offering of notes
Thursday, 24 Apr 2014 09:28am EDT 

Centene Corp:Commences offering of about $300 mln aggregate principal amount of its senior notes due 2022 through underwriters led by Barclays, SunTrust Robinson Humphrey and Wells Fargo Securities.Allen & Company LLC, Citigroup, Morgan Stanley, and Regions Securities LLC will be the co-managers of the offering.Intends to use the net proceeds of the offering to repay amounts outstanding under its Revolving Credit Facility and to pay related fees and expenses.Remainder of the proceeds will be used for general corporate purposes, primarily including the funding of statutory capital.  Full Article

Centene Corp raises FY 2014 guidance
Tuesday, 22 Apr 2014 06:00am EDT 

Centene Corp:Expects FY 2014 premium and service revenues in the range of $14.200-$14.800 bln.Expects FY 2014 diluted EPS in the range of $3.60-$3.90.Says guidance increase is driven by strong first quarter results across all metrics providing positive momentum for remainder of year.FY 2014 revenue estimate of $14.499 bln and EPS of $3.59 - Thomson Reuters I/B/E/S.  Full Article

Centene Corporation purchases noncontrolling interest in Spanish Health Management Group
Monday, 7 Apr 2014 04:51pm EDT 

Centene Corp:Signs definitive agreement to purchase noncontrolling interest in Ribera Salud S.A., a Spanish health management group.Centene will be joint shareholder with Ribera Salud S.A.'s remaining investor, Banco Sabadell, the fourth largest private bank in Spain.Transaction is expected to close in 2014.  Full Article

Centene Corp raises FY 2014 revenue guidance; reaffirms FY 2014 EPS guidance
Tuesday, 4 Feb 2014 06:00am EST 

Centene Corp:Now expects premium and service revenues for FY 2014 to be between $13.8-$14.3 billion.EPS to be between $3.50-$3.80.FY 2014 revenue of $13.93 billion, EPS of $3.64- Thomson Reuters I/B/E/S Estimates.  Full Article

Centene Corp's Mississippi subsidiary awarded statewide medicaid contract
Monday, 3 Feb 2014 06:00am EST 

Centene Corp:Says 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 (MississippiCAN) program, as one of two contractors.Says 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 01.  Full Article

Centene Corp announces public offering by selling stockholder
Monday, 27 Jan 2014 04:23pm EST 

Centene Corp:Says it has announced an underwritten public offering of 800,000 shares of its common stock by one of its existing stockholders.Says it will not receive any proceeds from the sale of shares by the selling stockholder in the offering, and its total number of shares outstanding will not change as a result of the offering.Says Barclays Capital Inc. is acting as sole underwriter in this offering.  Full Article

Health insurer Centene's profit surges as memberships jump

- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as member signups surged 23 percent.

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