Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Sat., May. 4, 11:04 AM
Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.
Slide #14. Centene Corporation — Majority Stake in Fidelis SecureCare of Michigan
Acquirer: |
Centene Corporation (NYSE:CNC) |
Acquiree: |
Majority Stake in Fidelis SecureCare of Michigan |
Details: |
Centene Corporation (NYSE: CNC) ("Centene") announced today that it has signed a definitive agreement to purchase a majority stake in Fidelis SecureCare of Michigan, Inc. ("Fidelis SecureCare"), a subsidiary of Fidelis SeniorCare, Inc. ("Fidelis"). Fidelis SecureCare was recently selected by the Michigan Department of Community Health as one of six health plans to provide integrated healthcare services to members who are dually eligible for Medicare and Medicaid in Macomb and Wayne counties. The program is expected to serve approximately 90,000 of the dual-eligible beneficiaries in the state, with enrollment expected to commence in the fourth quarter of 2014. Fidelis is a leader in the development of Medicare Advantage Special Needs Plans for eligible individuals residing in their own homes, nursing homes and assisted living communities, with extensive knowledge and experience in caring for people with complex chronic conditions. |
Centene is an insurance holding company. Through its subsidiaries, Co. provides services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Co. also provides education and outreach programs to inform and assist members in accessing healthcare services. Co. operates in two segments: Managed Care and Specialty Services. Co.'s Managed Care segment provides health plan coverage to individuals through government subsidized and commercial programs. Co.'s Specialty Services segment includes companies providing healthcare services and products to its Managed Care segment and other external customers.
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Company Name: |
Centene Corp |
Website: |
www.centene.com |
Sector: |
Hospital & Medical Practitioners |
Number of ETFs Holding CNC: |
94 |
Total Market Value Held by ETFs: |
$5.94B |
Total Market Capitalization: |
$38.56B |
% of Market Cap. Held by ETFs: |
15.41% |
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May 4, 2024 11:04 AM Eastern
Buy (3.06 out of 4)
33rd percentile
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