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Bernstein Research published its latest Quant+Fundamental stock picks. Three names are holdovers from April: Philip Morris, CVS Health, and Southwest Airlines.
Centene Corp. and Tampa-based WellCare Health Plans Inc.’s planned $17.3 merger has gained the approval of five more states. Arizona, Connecticut, Georgia, Ohio and Texas join 17 other states that approved of St. Louis-based Centene Corp’s (NYSE: CNC) acquisition of WellCare (NYSE: WCG). This latest round of approvals brings the total count of insurance departments that have signed off on the merger to 24. "We are making important progress in our merger process and are pleased that state insurance regulators continue to see the benefits that our combination will bring to recipients and communities," Michael F. Neidorff, Centene's chairman, president and CEO, said in a statement.
ST. LOUIS and TAMPA, Fla., Oct. 18, 2019 /PRNewswire/ -- Centene Corporation (CNC) ("Centene") and WellCare Health Plans, Inc. (WCG) ("WellCare") today announced that the insurance departments of Arizona, Connecticut, Georgia, Ohio and Texas have now also approved Centene's pending acquisition of WellCare, bringing the total number of states to approve the transaction to 24. "We are making important progress in our merger process and are pleased that state insurance regulators continue to see the benefits that our combination will bring to recipients and communities," said Michael F. Neidorff, Centene's Chairman, President and Chief Executive Officer. The companies continue to expect that the transaction will be completed by the first half of 2020.
Health care stocks, one of the worst performing sectors, could be poised to outperform even as election turmoil heats up next year. Now, better-than-expected earnings from both UnitedHealth Group Inc. (UNH) and Johnson & Johnson (JNJ) have highlighted health care companies' strong earnings amid a dim overall corporate profit outlook. Health care companies have strong underlying businesses, a factor becoming more attractive in the market as investors shift away from “riskier” assets and more expensive, loss-making companies. And from a valuation perspective, the weakness in the health care space has led many investors to buy health care stocks, which are selling at discounted prices.
ST. LOUIS and DEERFIELD, Ill. , Oct. 17, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC), Walgreens and RxAdvance today announced a strategic partnership to introduce an innovative model for pharmacy ...
The hospital system said it pulled out of the insurers' networks but they are still representing PeaceHealth as being in-network.
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.