Centene Corp Del Stock Price, News & Analysis

Health Net Federal Services (HNFS), a subsidiary of Centene Corporation (NYSE:CNC), announced the arrival of three Military Transition Interns starting in January 2023. This initiative, in partnership with the Department of Defense SkillBridge Program and Hiring our Heroes, allows active-duty service members to gain industry experience during their transition to civilian life. The interns include Air Force Colonel Pedro Burton-Taylor, Army Major Sara Skiles, and Senior Master Sergeant Roxanne Cristobal. HNFS has been servicing nearly 2.9 million beneficiaries in the TRICARE West Region, contributing to military healthcare advancements.

Centene Corporation (NYSE: CNC) has successfully completed the divestiture of Magellan Specialty Health to Evolent Health, receiving approximately $660 million at closing. The proceeds include $400 million in cash and the rest in Evolent stock, with potential additional payments of up to $150 million in 2024 based on performance metrics. This transaction marks a key milestone in Centene's portfolio review and value creation strategy. The partnership with Evolent is expected to enhance access to integrated specialty solutions for members and providers.

Centene Corporation (NYSE: CNC) has announced it will release its 2022 fourth quarter and full year financial results on February 7, 2023, at approximately 6 a.m. ET. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can join the call by dialing 1-877-883-0383 (U.S.) or +1-412-902-6506 (international), with an Elite Entry Number of 6826970. A replay will be available for 12 months post-call. Centene is committed to providing integrated, cost-effective healthcare services to underserved populations, emphasizing long-term growth and value creation.

Centene Corporation (NYSE: CNC) announced that its California subsidiary, Health Net, has been awarded direct contracts by the California Department of Health Care Services, allowing them to serve Medi-Cal members in 10 counties, including Los Angeles and Sacramento. The new contracts will commence on January 1, 2024. Health Net aims to improve healthcare delivery and health equity for millions of members. The company lifted its projected 2024 adjusted EPS floor to $7.15 from $7.00.

Health Net and Community Health System have renewed their partnership, ensuring Fresno County residents can access Community's three major hospitals under various plans. This agreement guarantees a comprehensive range of services for Health Net members, including those on Medicare and Medi-Cal. Community Health System, the largest in Central Valley, operates key medical facilities, expanding healthcare access for locals. Paul Pakuckas of Health Net emphasized their commitment to continuity of care. This partnership strengthens Health Net's position in the competitive healthcare market, serving approximately 3 million residents across California.

Health Net is providing urgent assistance to its members in Humboldt County following a state of emergency declared by Governor Gavin Newsom due to an earthquake. This initiative ensures members have access to essential prescription medications and healthcare services. Members can obtain emergency supplies at their original pharmacies or call Health Net for assistance. Additionally, Health Net offers telehealth services at no cost, mental health support, and guidance for healthcare providers during this crisis.

Centene Corporation (NYSE: CNC) will present at the JP Morgan 41st Annual Healthcare Conference from January 9-12, 2023, in California. The presentation is scheduled for January 9 at 7:30 a.m. Pacific Time. Investors can access a live audio webcast at this link. A replay will be available on Centene's website under the Investors section. Centene is committed to providing high-quality healthcare services, focusing on underserved populations.

Centene Corporation (CNC) has announced its financial guidance for 2023, projecting adjusted diluted EPS between $6.25 and $6.40, with revenue expectations ranging from $137.4 billion to $139.4 billion. The company aims for a 12% - 15% compound annual growth rate (CAGR) for adjusted diluted EPS in the long term. The Board has approved a $2 billion increase to its stock repurchase program. For 2022, Centene reaffirms its guidance for total revenues between $142.7 billion and $144.7 billion, with adjusted EPS of $5.65 to $5.75.