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United States

Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

142.78USD
19 Oct 2018
Change (% chg)

$-3.12 (-2.14%)
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Volume
478,148
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$148.24
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Latest Key Developments (Source: Significant Developments)

Centene Corp Prices Upsized Offering Of Senior Notes
Wednesday, 9 May 2018 05:50pm EDT 

May 9 (Reuters) - Centene Corp ::CENTENE CORPORATION PRICES UPSIZED OFFERING OF SENIOR NOTES.CENTENE CORP - UNIT PRICED ITS OFFERING OF $1.8 BILLION AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026.CENTENE CORP - OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $1.7 BILLION OF NOTES.CENTENE CORP - NOTES PRICED AT 100% OF PRINCIPAL AMOUNT THEREOF, WHICH WILL RESULT IN AGGREGATE GROSS PROCEEDS OF $1.8 BILLION.  Full Article

Centene Corporation Announces Offering Of Common Stock
Monday, 30 Apr 2018 06:19am EDT 

April 30 (Reuters) - Centene Corp ::CENTENE CORPORATION ANNOUNCES OFFERING OF COMMON STOCK.CENTENE CORP - COMMENCED AN OFFERING TO SELL $2.6 BILLION IN SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE.CENTENE - TO USE PROCEEDS OF OFFERING TO FINANCE PORTION OF CONSIDERATION PAYABLE RELATED TO ANNOUNCED ACQUISITION OF ASSETS OF FIDELIS CARE.  Full Article

Centene Says Expects To Enter Undertakings With NY State Department. Of Health
Monday, 2 Apr 2018 11:14am EDT 

April 2 (Reuters) - Centene Corp ::AS PART OF REGULATORY APPROVAL PROCESS FOR FIDELIS CARE DEAL, IT IS EXPECTED THAT CO WILL ENTER UNDERTAKINGS WITH NY STATE DEPARTMENT OF HEALTH.CENTENE SAYS EXPECTS ONE OF UNDERTAKINGS TO INCLUDE A $340 MLN CONTRIBUTION BY CO TO STATE OF NEW YORK TO BE PAID OVER A 5-YR PERIOD - SEC FILING.$340 MILLION CONTRIBUTION BY CENTENE IS FOR INITIATIVES TO PROVIDE HIGH QUALITY HEALTHCARE TO "VULNERABLE POPULATIONS WITHIN NEW YORK STATE".UPON CLOSING OF FIDELIS CARE DEAL, FIDELIS CARE WILL OPERATE AS A FOR-PROFIT HEALTH INSURER IN NEW YORK .  Full Article

Centene Corp Files For Resale Of Up To 1.45 Mln Shares Of Co's Common Stock By The Selling Stockholder - SEC Filing
Tuesday, 13 Mar 2018 08:52am EDT 

March 13 (Reuters) - Centene Corp ::CENTENE CORP FILES FOR RESALE OF UP TO 1.45 MILLION SHARES OF CO'S COMMON STOCK BY THE SELLING STOCKHOLDER - SEC FILING.  Full Article

Centene Makes Initial Investment In Pharmacy Benefit Manager, RxAdvance
Tuesday, 13 Mar 2018 06:00am EDT 

March 13 (Reuters) - Centene Corp :​:CENTENE AND RXADVANCE ESTABLISH TRANSFORMATIVE PARTNERSHIP TO CREATE NEXT GENERATION PHARMACY MANAGEMENT SOLUTION.CENTENE SAYS MADE INITIAL INVESTMENT IN RXADVANCE, A FULL-SERVICE PHARMACY BENEFIT MANAGER.CENTENE CORP - ‍RAVI IKA WILL CONTINUE IN HIS CURRENT ROLE AS CEO OF RXADVANCE .CENTENE CORP - AS PART OF INITIAL TRANSACTION, CENTENE HAS CERTAIN RIGHTS TO EXPAND ITS EQUITY INVESTMENT IN FUTURE.  Full Article

Centene To Acquire Community Medical Group To Expand Its Provider Assets
Monday, 5 Mar 2018 08:00am EST 

March 5 (Reuters) - Centene Corp ::CENTENE TO ACQUIRE COMMUNITY MEDICAL GROUP TO EXPAND ITS PROVIDER ASSETS.CENTENE CORP - TRANSACTION IS EXPECTED TO HAVE A NEUTRAL IMPACT TO GAAP AND ADJUSTED EPS IN 2018.CENTENE - ‍UNDER TERMS OF PURCHASE AGREEMENT, CENTENE HAS ABILITY TO FUND PURCHASE WITH CASH, OR ALTERNATIVELY, A COMBINATION OF CASH AND CENTENE STOCK​.CENTENE - DEAL EXPECTED TO BE SLIGHTLY ACCRETIVE (LOW SINGLE DIGITS) TO GAAP AND ADJUSTED EPS IN 2019.  Full Article

Centene To Buy MHM Services
Monday, 26 Feb 2018 08:00am EST 

Feb 26 (Reuters) - Centene Corp ::CENTENE TO ACQUIRE MHM SERVICES TO EXPAND NATIONAL FOOTPRINT IN CORRECTIONAL HEALTHCARE SECTOR.CENTENE CORP - CENTENE WILL ACQUIRE 100 PERCENT OF STOCK OF MHM, INCLUDING ITS 49 PERCENT OWNERSHIP OF CENTURION.CENTENE CORP - INTENDS TO FUND PURCHASE PRICE WITH A COMBINATION OF CASH AND CENTENE STOCK.CENTENE CORP - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO EARNINGS IN FIRST 12 MONTHS..  Full Article

Centene's Q4 Revenue Rose 8 Pct To $12.8 Bln
Tuesday, 6 Feb 2018 06:00am EST 

Feb 6 (Reuters) - Centene Corp ::ORATION REPORTS 2017 RESULTS AND INCREASES 2018 GUIDANCE.Q4 ADJUSTED EARNINGS PER SHARE $0.97.Q4 REVENUE ROSE 8 PERCENT TO $12.8 BILLION.INCREASES 2018 GUIDANCE.Q4 EARNINGS PER SHARE $1.30.DECEMBER 31, 2017 MANAGED CARE MEMBERSHIP OF 12.2 MILLION, AN INCREASE OF 765,300 MEMBERS, OR 7 PCT OVER 2016‍​.Q4 EARNINGS PER SHARE VIEW $0.93, REVENUE VIEW $12.54 BILLION -- THOMSON REUTERS I/B/E/S.SEES 2018 ADJUSTED DILUTED EPS IN RANGE OF ‍$6.95 - $7.35​.FY2018 EARNINGS PER SHARE VIEW $6.11 -- THOMSON REUTERS I/B/E/S.SEES FULL YEAR 2018 TOTAL REVENUES $60.6 BILLION TO $61.4 BILLION.HEALTH BENEFITS RATIO (HBR) OF 87.3% FOR THE FOURTH QUARTER OF 2017, COMPARED TO 84.8 PCT IN THE FOURTH QUARTER OF 2016‍​.SEES FY 2018 GAAP DILUTED EPS $5.91 TO $6.25.SEES FY 2018 ADJUSTED DILUTED EPS $6.95 TO $7.35.SEES FY 2018 HEALTH BENEFITS RATIO OF 86.2 PCT TO 86.7 PCT .FY2018 EARNINGS PER SHARE VIEW $6.11, REVENUE VIEW $59.12 BILLION -- THOMSON REUTERS I/B/E/S.SEES CHANGE IN TIMING OF EQUITY ISSUANCE TO MARCH 1, 2018 FOR $2.3 BILLION OF EQUITY TO FINANCE NEW YORK STATE CATHOLIC HEALTH PLAN DEAL​.DUE TO TCJA, Q4 & FULL YEAR RESULTS INCLUDE NONRECURRING BENEFIT ASSOCIATED WITH REVALUATION OF CO'S NET DEFERRED TAX LIABILITIES​.  Full Article

Centene Corp Elects Jessica Blume To Board Of Directors
Monday, 5 Feb 2018 05:41pm EST 

Feb 5 (Reuters) - Centene Corp ::CENTENE CORPORATION ELECTS JESSICA L. BLUME TO BOARD OF DIRECTORS.CENTENE CORP - BLUME WILL STAND FOR RE-ELECTION AT COMPANY'S APRIL 2018 ANNUAL MEETING OF STOCKHOLDERS.  Full Article

Centene Says Confirms 2017 Guidance, Excluding Expected Benefit Of Tax Reform, That Was Previously Announced On Dec 14, 2017
Monday, 8 Jan 2018 09:15am EST 

Jan 8 (Reuters) - Centene Corp ::CENTENE SAYS CONFIRMS 2017 GUIDANCE, EXCLUDING EXPECTED BENEFIT OF TAX REFORM, THAT WAS PREVIOUSLY ANNOUNCED ON DEC 14, 2017 - SEC FILING.  Full Article

BRIEF-Centene Corp Says Unit Issued $1.8 Bln In Aggregate Principal Amount Of 5.375 Pct Senior Notes Due 2026

* CENTENE CORP SAYS UNIT ISSUED $1.8 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026 - SEC FILING Source text: (https://bit.ly/2x8KtI9) Further company coverage: