Centene Corp Del Stock Price, News & Analysis

National Veterinary Associates (NVA) has announced key board appointments ahead of its planned IPO, naming Ken Burdick as Executive Chairman and Dr. Mike McFarland as Director. Burdick brings over 40 years of healthcare experience and currently serves as Executive Chairman at LifeStance Health (NASDAQ: LFST). He previously led WellCare Health Plans as CEO, delivering strong performance in revenue and profit margins before its acquisition by Centene Corporation.

Dr. McFarland contributes more than 40 years of veterinary healthcare expertise, including 11 years in senior leadership at Zoetis, Inc. and previous roles at Pfizer Animal Health. Greg Hartmann will remain on the board as a director, maintaining his investment in the company.

Centene Corporation's (NYSE: CNC) subsidiary Arizona Complete Health has reached a settlement agreement with AHCCCS and three other health plans to provide managed care for the Arizona Long Term Care System (ALTCS). Starting October 1, 2025, Arizona Complete Health will offer statewide coverage for the ALTCS-EPD program, which serves nearly 26,000 Arizonans who are elderly and/or have physical disabilities. The agreement awards a three-year contract with potential extensions for up to six years total. The program provides integrated physical health, behavioral health, pharmacy benefits, and home- and community-based services. Arizona Complete Health currently serves over 400,000 AHCCCS members statewide since 2006.

Oklahoma Complete Health, a subsidiary of Centene Corporation (NYSE: CNC), has announced enhanced benefits for SoonerSelect members starting in 2025. Key new benefits include a $30 monthly Diaper Club for infants and expanded prescription limits for essential medicines. Upgraded benefits feature individual $30 quarterly over-the-counter allowances and improved transportation services allowing up to 4 family members per medical appointment, plus 15 rides for essential errands.

The company's first-year achievements include completing 11,651 referrals for social health needs, helping 2,500 members access Food Rx benefits, facilitating 20,684 YMCA visits, and distributing $2.1M in reward dollars for healthy activities.

Centene (NYSE: CNC) reported strong Q1 2025 financial results with adjusted diluted EPS of $2.90, up 28% from $2.26 in Q1 2024. The company achieved 17% year-over-year premium and service revenue growth to $42.5 billion, driven by significant membership increases in Marketplace (29%) and Medicare PDP (22%).

Key metrics include a health benefits ratio of 87.5% and an SG&A expense ratio of 7.9%. Total cash flow from operations was $1.5 billion. The company increased its 2025 premium and service revenues guidance by $6.0 billion to $164.0-166.0 billion, reflecting strong Marketplace enrollment and Medicare Advantage retention.

Notable developments include contract wins in Nevada for Medicaid managed care and Marketplace public option, and in Illinois for dual-eligible services. The company maintains its 2025 adjusted diluted EPS guidance floor of greater than $7.25.

Health Net, a Centene company, has partnered with Dignity Health and Vivant Health to enhance care coordination for Medi-Cal members in Sacramento County hospitals. The collaboration, featuring embedded Vivant Health nurses in Dignity Health facilities, has shown significant results in its first year:

• Prevented over 400 unnecessary hospital inpatient days
• Increased post-discharge follow-up appointments from 76% to 96%

The initiative aligns with California's CalAIM program, focusing on holistic care including mental health, substance use treatment, and social needs like housing. The partnership operates at Mercy San Juan Medical Center and Methodist Hospital of Sacramento, connecting discharged patients with appropriate outpatient services.

Health Net, a Medi-Cal managed care health plan and subsidiary of Centene (NYSE: CNC), has announced a $3.5 million grant to MLK Community Medical Group to expand healthcare services in Los Angeles. The funding will support the hiring of key clinical staff through 2027, including two primary care physicians, one OB/GYN, one bilingual psychologist, and two certified nurse midwives.

The initiative aims to address the growing demand for healthcare services and clinical staff shortages in the region, ensuring more timely access to care. This grant is part of Health Net's broader workforce development commitment, following a recent $9 million investment to expand California's physician pipeline from education through practice.

Health Net and the Centene Foundation (NYSE: CNC) have pledged an additional $750,000 for wildfire recovery efforts in Los Angeles County, bringing their total contribution to $1 million following the Eaton Fire devastation. The funds will support local nonprofits focusing on housing assistance, mental health, healthcare services, and infrastructure rebuilding.

Health Net is organizing a stakeholder meeting with public health departments, community organizations, and healthcare providers to assess community needs and rebuild healthcare infrastructure. The convening, co-hosted with HealthBegins, California Community Foundation, Pasadena Community Foundation, and GRACE, will address four key areas: respiratory health, mental health, children and youth, and housing.

This initiative follows Health Net's recent $9 million investment to strengthen California's physician workforce, aimed at creating medical career pathways and supporting professional development.

Centene (NYSE: CNC) announced that its Nevada subsidiary, SilverSummit Healthplan, has been awarded a five-year Medicaid managed care contract by the Nevada Department of Health and Human Services, starting January 1, 2026, with a possible two-year extension.

The contract marks a significant expansion of Medicaid Managed Care into rural and frontier service areas that were previously fee-for-service. SilverSummit, serving Nevada since 2017 with over 100,000 members, will provide comprehensive services including primary care, telehealth, pharmacy, maternal and behavioral health services.

Additionally, Ambetter from SilverSummit HealthPlan was selected as one of three providers for Nevada's marketplace public option, the Battle Born State Plan (BBSP). This five-year contract, also beginning January 1, 2026, with a potential two-year extension, is expected to serve 16,000 individuals in its first year.

Health Net and the Centene Foundation (NYSE: CNC) have announced a combined investment of over $9 million to strengthen California's physician workforce. This initiative addresses the projected nationwide shortage of 86,000 physicians by 2036.

The investment includes:

• $3 million in seed funding to Physicians for a Healthy California for a physician pathway project supporting youth from pre-K onwards
• $5.5 million grant to Charles R. Drew University of Medicine and Science for medical scholarships and resident support
• Over $1 million to the National Hispanic Health Foundation for physician leadership development

The initiative aims to tackle physician shortages, particularly in underserved communities, through partnerships with healthcare, education, and advocacy organizations including Latino Coalition for a Healthy California, California Health Care Foundation, California Wellness Foundation, and AltaMed.