UnitedHealth, Health Net winners of AZ Medicaid deals, says Wells Fargo

theflyonthewall.com

Wells Fargo reports that United Health (UNH) won four contracts under a $3.6B Arizona Medicaid program, while Health NEt (HNT) won one deal. The firm sees the results as an immaterial positive for Health Net, but adds that it bodes well for the company's future outlook. Wells views the outcome as modestly positive for Health Net, and it notes that Centene (CNC) and Vanguard Health (VHS) were among the companeis that lost contracts. The firm maintains Outperform ratings on Centene, Health Net, and United Health.

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