Centene Corp Del Stock Price, News & Analysis

Centene Corporation (NYSE: CNC) has announced measures to enhance COVID-19 protection for employees and members. Effective immediately, employees must provide proof of vaccination, or they will face regular testing and mask mandates. The phased return to in-person work is postponed to October 18, 2021. New hires from October 1, 2021, will also be required to be vaccinated. Centene is increasing its efforts to boost vaccination rates, particularly within vulnerable populations, through various outreach initiatives, including partnerships and educational campaigns.

Centene Corporation's subsidiary, Carolina Complete Health, is set to enhance integrated healthcare services in North Carolina through partnerships with Partners Health Management and Trillium Health Resources. These collaborations will address the needs of individuals with significant behavioral health conditions as part of the state's upcoming Behavioral Health I/DD Tailored Plans, starting July 1, 2022. Centene, which serves over 13 million Medicaid members nationwide, aims to deliver high-quality, coordinated care locally.

Centene Corporation (NYSE: CNC) announced that its North Carolina subsidiary, WellCare of North Carolina, will coordinate physical health services for Local Management Entities/Managed Care Organizations (LME/MCOs) under the state's Behavioral Health and Intellectual/Developmental Disability Tailored Plans, starting July 1, 2022. The partnership aims to provide integrated care for individuals with serious behavioral health conditions. Centene is a leading Medicaid managed care organization, serving over 13 million members across 29 states.

Centene Corporation (NYSE: CNC) has priced its public offering of $1.8 billion in senior notes, consisting of $500 million in additional 2.450% notes due 2028 and $1.3 billion in new 2.625% notes due 2031. The offering is expected to close around August 12, 2021. Proceeds will be utilized to redeem all 5.375% senior notes due 2026, among other corporate purposes. The notes will be senior unsecured obligations and equal in payment rights to existing senior debt. The offering is conducted under an effective SEC registration.

Centene Corporation (NYSE: CNC) announced a public offering of $1.8 billion in senior notes, which includes an add-on to its existing 2.450% senior notes due 2028 and new senior notes due 2031. The proceeds will be used to redeem all outstanding 5.375% senior notes due 2026 and related costs. The offering is conducted under an effective shelf registration statement with the SEC, and leading financial institutions are acting as joint book-running managers. No obligations are created for redemption notices at this stage.

Centene Corporation (NYSE: CNC) reported its Q2 2021 financial results, revealing a diluted loss per share of $(0.92) and adjusted diluted EPS of $1.25. Total revenues for the quarter reached $31.025 billion, marking a 12% increase year-over-year. The health benefits ratio was 88.3%, a rise from 82.1% compared to Q2 2020, with SG&A expenses decreasing to 7.9%. Notably, Centene set aside a $1.25 billion legal settlement reserve. As of June 30, 2021, managed care membership stood at 25.4 million, reflecting a growth of 3% year-over-year.

Centene Corporation (NYSE: CNC) appointed Colin Toney as Executive Vice President of Mergers and Acquisitions, effective immediately. Toney, who previously served as Senior Vice President, brings extensive M&A experience, having executed over 25 transactions worth over $30 billion. His appointment follows the resignation of Jesse Hunter, the former Chief Strategy Officer, effective July 31, 2021. Centene continues to focus on strategic growth and development within its healthcare services portfolio, aiding nearly one in fifteen individuals in the U.S.

Centene Corporation (NYSE: CNC) has announced an organizational enhancement to create the Office of the President (OOP), which includes Michael Neidorff, Brent Layton, and Sarah London, effective immediately. This change aims to recognize the company's size and scale, enhance leadership capabilities, and support growth and innovation. Neidorff continues as Chairman and CEO, while Layton and London retain their respective roles overseeing critical areas of the company. Centene remains committed to its members and shareholders, focusing on delivering high-quality healthcare services.

BetterInvesting Magazine has named Amazon (NASDAQ: AMZN) as its "Stock to Study" and Centene (NYSE: CNC) as its "Undervalued Stock" for the September 2021 issue, aiming to inform and educate investors. This selection is part of BetterInvesting's commitment to empower individuals towards financial independence. The organization has been providing investment education for nearly 70 years. More details on Amazon and Centene's investment potential can be found through BetterInvesting's online tools.