Welcome to our dedicated page for Centene Del news (Ticker: CNC), a resource for investors and traders seeking the latest updates and insights on Centene Del stock.
Centene Corporation (NYSE: CNC) generates a steady flow of news related to government-sponsored healthcare programs, local health plans, and community health initiatives. As a Fortune 500 healthcare enterprise, Centene and its subsidiaries regularly issue updates on Medicaid and Medicare activities, Marketplace products, investor communications, and efforts to address social drivers of health such as food insecurity.
News items for Centene often feature announcements from local health plans that are companies of Centene Corporation. Examples include Health Net in California, Meridian Health Plan of Illinois, Ambetter Health Marketplace offerings, Coordinated Care in Washington, and specialty pharmacy activities from AcariaHealth. These stories cover topics such as value-based care partnerships, emergency assistance for members during natural disasters, public service announcements promoting preventive care, and investments in food banks and mobile pantry programs.
Investors and analysts following CNC can also find coverage of earnings-related events and financial communications. Centene files Form 8-K reports on quarterly results, updates to financial guidance, participation in healthcare conferences, and changes in board composition. These disclosures provide insight into the company’s financial outlook, use of non-GAAP measures, and governance developments.
For stakeholders interested in public health and community impact, Centene-related news highlights grants and collaborations with food banks, community organizations, and nutrition programs across multiple states. These initiatives illustrate how the enterprise and the Centene Foundation seek to improve access to nutritious food and support whole-person health. This news page brings together such corporate, financial, and community-focused updates for Centene Corporation and its affiliated health plans.
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.
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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.
Centene Corporation (NYSE: CNC) announced significant leadership changes to propel future growth, with Ken Fasola appointed President, succeeding his role as EVP of Health Care Enterprises. Jim Murray becomes COO, enhancing operational effectiveness. Dave Thomas steps into CEO of Markets and Medicaid, while Brent Layton transitions to Senior Advisor as he approaches retirement. Alice H. Chen and Brian LeClaire join as Chief Health Officer and Chief Information Officer, respectively, strengthening the executive team. These changes aim to align talent with Centene's mission of delivering quality healthcare and increasing shareholder value.