Centene Corp Del Stock Price, News & Analysis

Centene Corporation (NYSE: CNC) hosted a virtual investor day on December 10, 2021, announcing its 2022 financial guidance and outlining a Value Creation Plan aimed at enhancing earnings growth and shareholder value. The company expects total revenues of $135.9 billion to $137.9 billion and diluted EPS of $4.07 to $4.23 for FY 2022. Key elements of the Value Creation Plan include SG&A savings, gross margin improvement, and strategic capital allocation, with an EPS target of $7.50 to $7.75 by 2024. The 2021 total revenue guidance reaffirms a range of $125.2 billion to $126.4 billion.

Centene Corporation (NYSE: CNC) announced that its 2022 Financial Guidance and Investor Day event, scheduled for December 10, 2021, will now be held virtually due to concerns over the COVID-19 Omicron variant. Initially planned as a hybrid event, it will now forgo in-person attendance. The event will be streamed live on Centene's investor relations website, providing updates on the company's financial outlook and strategies.

Centene is a major healthcare provider, emphasizing integrated services for underserved populations.

Health Net has appointed Colin Havert as the new Commercial Officer for Health Net of California. Havert, who previously spent over a decade at Anthem Blue Cross, will oversee the large group, small business group, and individual and family plan segments. This leadership change aims to ensure excellence and disciplined growth as Health Net seeks to enhance health equity and community health outcomes. The company serves approximately 3 million members with a wide array of health plans and services.

Centene Corporation (NYSE: CNC) announced its Arizona subsidiaries, Arizona Complete Health-Complete Care Plan and Care1st Health Plan Arizona, have been awarded a Competitive Contract Expansion by the Arizona Health Care Cost Containment System (AHCCCS). This three-year contract, starting Oct. 1, 2022, aims to enhance access to healthcare services for individuals with Serious Mental Illness. The contracts will cover around 22,000 beneficiaries in Northern and Southern Arizona, emphasizing a holistic approach to care addressing mental and physical health needs.

Centene Corporation (NYSE: CNC) will present at the Wolfe Research Virtual Healthcare Conference on November 17-18, 2021. The company is scheduled to participate on November 17 at 11:00 a.m. ET, with a live audio webcast available at this link. A replay will be accessible later through the company's investor relations page. Centene is a leading multi-national healthcare enterprise focused on improving health outcomes for under-insured and uninsured individuals.

Centene Corporation (NYSE: CNC) will participate in the Credit Suisse 30th Annual Healthcare Conference from November 8-11, 2021, presenting in virtual format on November 10 at 10:30 a.m. ET. A live audio webcast can be accessed here. A replay will be available on Centene's website under the Investors section. As a Fortune 25 company, Centene is dedicated to providing high-quality healthcare services to under-insured and uninsured individuals across various programs.

Centene Corporation (NYSE: CNC) announced its commitment to enhancing shareholder value and invited constructive ideas from Politan Capital Management. The company is pursuing a strategy aimed at creating value, targeting a 3.3% adjusted net income margin by 2024. In its latest quarterly earnings, Centene achieved an 11% revenue growth, while optimizing its cost structure. Noteworthy is the sale of a majority stake in U.S. Medical Management, with proceeds directed towards a stock repurchase program. Furthermore, Centene is actively refreshing its Board, adding four new independent directors over two years.

Health Net, a leading health plan in California, has announced the availability of Ambetter from Health Net health plans for individuals and families through CoveredCalifornia.com. These plans aim to provide affordable healthcare options, especially for those who do not qualify for Medi-Cal or employer coverage. The offerings include preventive services, maternity care, and mental health support. Health Net has been recognized for its customer service excellence, being featured in Newsweek’s list of America’s Best Customer Service 2022.

Centene Corporation (NYSE: CNC) announced the sale of a majority stake in U.S. Medical Management, LLC (USMM) to Rubicon Founders and other partners, retaining a minority interest. This strategic move aims to enhance USMM's reach in home-based healthcare, an area where it has demonstrated cost savings of $154 million for Medicare beneficiaries. Proceeds from the sale will be used for a stock repurchase program, indicating Centene's focus on shareholder value. The transaction is pending regulatory approval and customary closing conditions.