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.
Centene Corporation (NYSE: CNC) announced the completion of its tender offer for $2.2 billion of 4.75% Senior Notes due 2025. The tender offer expired on February 17, 2021, with $796.17 million (36.19%) of notes validly tendered. The Purchase Price for accepted notes is $1,025.85 per $1,000 principal. The company plans to use proceeds from a $2.2 billion public offering of 2.50% senior notes due 2031 to finance this purchase. Remaining 2025 Notes will be redeemed on March 12, 2021. The company’s tender agent is Global Bondholder Services Corporation.
Centene Corporation (NYSE: CNC) announced the pricing of a public offering for $2.2 billion in 2.50% senior notes due 2031, set to close around February 17, 2021. The proceeds will fund the purchase and redemption of its 4.75% senior notes due 2025 and cover associated expenses. The notes, which are senior unsecured obligations, will rank equally with existing senior debt. Notably, the offering is conducted under an effective shelf registration statement with the SEC.
Centene Corporation (NYSE: CNC) announced a cash tender offer for its 4.75% Senior Notes due 2025, seeking to acquire any outstanding notes before the February 17, 2021 expiration. The company aims to use proceeds from a concurrent $2.2 billion senior notes offering due 2031 to facilitate this tender offer. Holders of the 2025 notes can withdraw validly tendered notes before the expiration. The tender offer consideration stands at $1,025.85 per $1,000 principal amount, with additional interest payments possible. Conditions apply to both the tender offer and the redemption of remaining notes.
Centene Corporation (NYSE: CNC) has initiated an underwritten public offering of $2.2 billion in senior notes due 2031. The proceeds will fund the purchase of its 4.75% senior notes due 2025 as part of a cash tender offer, redeem any remaining notes not tendered, and cover related expenses. The offering is managed by BofA Securities and Barclays, among others, under an effective registration statement filed with the SEC. Centene aims to leverage these funds to strengthen its financial position while continuing its commitment to providing healthcare services.
Centene Corporation (NYSE: CNC) reported Q4 2020 results with revenues of $28.3 billion, a 50% increase year-over-year, and a net loss of $(0.02) per share, down from $0.49 in Q4 2019. Full-year revenues reached $111.1 billion, up 49%, with diluted EPS of $3.12, slightly lower than $3.14 in 2019. Managed care membership grew 67% to 25.5 million. The company announced the acquisition of Magellan Health and two statewide contracts in Oklahoma, enhancing its growth strategy amid the ongoing pandemic.
Centene Corporation (NYSE: CNC) announced its Oklahoma subsidiary, Oklahoma Complete Health, has secured statewide contracts with the Oklahoma Health Care Authority to manage the SoonerSelect and SoonerSelect Specialty Children's Plan (SCP) programs. The SoonerSelect initiative will provide healthcare to over 550,000 Medicaid recipients, with an anticipated 200,000 more beneficiaries through Medicaid expansion in July 2021. The program aims to enhance health outcomes while reducing costs, emphasizing local partnerships and value-based care.
Health Net Federal Services, a subsidiary of Centene Corporation (NYSE: CNC), launched the Buckley Prime Service Area Pilot on January 1, 2021, in the Denver area. This initiative aims to transition TRICARE's fee-for-service model to a value-based payment approach, enhancing health outcomes and satisfaction for beneficiaries. Running until December 31, 2022, the pilot offers chronic care management, personalized services, and preventive care reminders. With approximately 2.9 million beneficiaries in the TRICARE West Region, this pilot aligns with the Military Health System's objectives for improved care and budget certainty.
Centene Corporation (NYSE: CNC) has launched the Centene Institute Youth Impact Award for Vaping Prevention, a program aimed at raising awareness about vaping among youth aged 14 to 19. The initiative encourages students to create 30-60 second PSAs addressing the risks of e-cigarette use, with submissions accepted from January 19 to April 16, 2021. The program comes in response to a significant increase in youth e-cigarette use, highlighted by a 900% rise from 2011 to 2018. Winners will be announced in early summer 2021, aiming to empower young individuals to combat the vaping epidemic.
Centene Corporation (NYSE: CNC) will announce its 2020 fourth quarter and full-year financial results on February 9, 2021, at 6 a.m. EST. A conference call will follow at 8:30 a.m. EST, hosted by Chairman and CEO Michael F. Neidorff and CFO Jeffrey A. Schwaneke. Investors can participate by phone or via a live audio webcast on the company's website. A replay of the call will be available for on-demand listening for the next 12 months. Centene is a leading healthcare company focused on providing affordable services to under-insured and uninsured individuals.
Health Net Federal Services, a subsidiary of Centene Corporation (CNC), announced its recent URAC accreditations in Health Utilization Management, Case Management, and Disease Management. This achievement underscores their commitment to quality care and improved patient outcomes. Health Net has maintained URAC's Health Utilization Management and Case Management accreditations since 2005, and Disease Management since 2011. These accreditations are valid through Dec. 1, 2023, for Health Utilization Management and Case Management, and through Oct. 1, 2023, for Disease Management.