|Day's Range||4.1000 - 4.2300|
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
ST. LOUIS, Oct. 9, 2019 /PRNewswire/ -- Centene Corporation (CNC) announced today that Edmund Kroll, Senior Vice President, Finance & Investor Relations, has advised the company of his intention to retire, effective April 30, 2020. Since joining Centene in May of 2007, Mr. Kroll has managed the company's relationships and interactions with analysts and investors. "We appreciate Ed's leadership in building and maintaining relationships with our investor community over the past 12 years, which was an important time in our growth as a diversified, multi-national healthcare enterprise," said Michael F. Neidorff, Chairman, President and CEO of Centene.
ST. LOUIS, Oct. 8, 2019 /PRNewswire/ -- Centene Corporation (CNC) announced today that its provider-led North Carolina subsidiary, Carolina Complete Health, has been awarded a contract to provide Medicaid managed care services in Region 4 (Raleigh/Durham area), an expansion to the company's recent North Carolina Medicaid contract. With addition of this new Region, Carolina Complete Health will provide Medicaid managed care services in three contiguous regions: Region 3 (Charlotte area), Region 4 (Raleigh/Durham area), and Region 5 (Wilmington and Fayetteville areas). Initially announced in February 2019, Carolina Complete Health's new three-year contract is effective February 1, 2020 and includes the option to renew for up to two additional years.
President Trump's executive order with focus on Medicare Advantage will probably increase the participation of health insurers in the social benefit program.
St. Louis stocks far underperformed the national stock indexes through the first three quarters of the year, but almost a third of the local companies were up 20% or more.
ST. LOUIS, Sept. 30, 2019 /PRNewswire/ -- Centene Corporation (CNC) announced today that David P. Thomas has been appointed Executive Vice President of Markets, for Centene, effective October 13, 2019. Mr. Thomas, who has served as Regional Senior Vice President of Centene and President and Chief Executive Officer of Fidelis Care, Centene's New York subsidiary, will succeed Christopher D. Bowers, who is retiring.
Centene Corp and Wellcare Health Plans Inc have agreed to sell Wellcare's Missouri and Nebraska Medicaid plans for people with low income to Anthem Inc , as the companies look to close their $15.27 billion deal. Centene and WellCare said in June they had received a request for additional information from the U.S. Department of Justice on the deal. The deal, which was met with criticism by hedge funds that saw Centene as a good target for Humana Inc, a larger Medicare-focused company, won shareholder support in June.
ST. LOUIS and TAMPA, Fla., Sept. 26, 2019 /PRNewswire/ -- Centene Corporation (CNC) ("Centene") and WellCare Health Plans, Inc. (WCG) ("WellCare") announced today that, in connection with the previously announced merger agreement between Centene and WellCare, a subsidiary of WellCare has entered into a definitive agreement under which Anthem, Inc. (ANTM) ("Anthem") will acquire WellCare's Missouri and Nebraska Medicaid plans. The closing of the transaction with Anthem is subject to U.S. federal antitrust clearance, receipt of Missouri and Nebraska state regulatory approvals and other customary closing conditions, as well as the closing of the Centene – WellCare transaction.
ST. LOUIS, Sept. 24, 2019 /PRNewswire/ -- Centene Corporation (CNC) and The National Foster Parent Association (NFPA) announced today a partnership to bring online trainings to foster caregivers nationwide via the NFPA's online Training Institute. Centene will provide the online platform and facilitators, and the NFPA will provide the educational material and instructors. The trainings will address a variety of topics such as the role foster caregivers play in mentoring birth parents and internet safety.
ST. LOUIS , Sept. 23, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today issued a reminder that it will release its 2019 third quarter financial results at approximately 6 a.m. (Eastern Time) on ...