Superior HealthPlan and Centene Foundation Make $350,000 Investment to Help with Flood Relief in Texas
Rhea-AI Summary
Centene (NYSE: CNC), through Superior HealthPlan and Centene Foundation, announced a $350,000 investment to support flood relief in the Texas Hill Country and South-Central Texas following recent catastrophic river flooding and disaster declarations in 59 counties.
The funds will be shared among five organizations, including OneStar Foundation’s Rebuild Texas Fund, San Antonio Food Bank, Central Texas Food Bank, Community Health Development, and Frontera Healthcare Network, to provide food distribution, emergency supplies, health-related assistance, and long-term recovery support across multiple affected counties.
Positive
- None.
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 28 | Second-quarter earnings | Positive | -0.3% | Reported improved earnings metrics and raised full-year guidance. |
| Jul 28 | Board director change | Neutral | -0.3% | Announced one director's retirement and appointed a new board member. |
| Jul 10 | Earnings call scheduling | Neutral | -0.4% | Scheduled release of second-quarter financial results and conference call. |
| Jul 09 | Medicaid contract award | Positive | +0.8% | Selected subsidiary retained a statewide Illinois Medicaid managed-care contract. |
| Jun 23 | Disaster assistance | Neutral | -0.8% | Health Net offered special assistance following a Los Angeles warehouse fire. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Historical reactions were mostly negative or flat despite positive or neutral announcements, with one positive reaction to a contract award.
Key Terms
federally qualified health centers medical
AI-generated analysis. How Rhea-AI works. Not financial advice.
The investment helps five local organizations respond to historic flooding across the Hill Country and
"For a second year in a row, thousands of Texans are facing the devastating impact of severe flooding and storms," said Superior HealthPlan President & CEO, Mitch Wasden. "By supporting local organizations deeply rooted in these communities, we can help connect families and individuals with critical resources as they begin to recover."
Earlier this month, state officials issued disaster declarations covering 59 counties, with the most severe impacts concentrated in
- OneStar Foundation: Donations made to OneStar Foundation will be directed to the Rebuild Texas Fund to help ensure resources are available to respond quickly to urgent challenges, address unmet needs as they arise and support long-term recovery for communities in the months ahead.
- San Antonio Food Bank & Central Texas Food Bank: Together, the food banks will support
Blanco ,Gillespie ,Kendall ,Kerr andUvalde Counties by providing food distribution, emergency supplies and recovery assistance for residents facing displacement, food insecurity and other disaster-related hardships. - Community Health Development, Inc. (CHDI) & Frontera Healthcare Network: These FQHCs will support communities across
Uvalde ,Concho ,Gillespie ,Kimble ,Mason ,McCulloch andMenard Counties by leading local recovery efforts, providing community-based and health-related assistance, and coordinating resources for individuals and families impacted by the flooding.
"Recovery is a long journey, and recent flooding across
"Community Health Development, Inc. is deeply grateful to Superior HealthPlan and Centene Foundation for their generous investment in our community," said Mayela Castañon, CEO of CHDI. "Their immediate support will help families affected by the devastating floods recover, rebuild and access the essential resources they need during this difficult time."
"This generous support from Superior HealthPlan and Centene Foundation will strengthen Frontera Healthcare Network's ability to respond to the immediate and long-term needs of families affected by the devastating floods," said Mikki Hand, CEO of Frontera Healthcare Network. "In rural communities, recovery requires more than rebuilding. It requires restoring access to healthcare, behavioral health services, essential resources and a sense of stability. We are deeply grateful for this partnership and for the Foundation's commitment to helping our communities recover, rebuild, and become more resilient."
Each year, Centene Foundation partners with local organizations to support initiatives focused on food insecurity, well-being, and access to care. In 2025, Centene Foundation invested
About Superior HealthPlan
For more than 25 years, Superior HealthPlan has offered high-quality health care to Texans, and is now a leading managed care company providing services to more than 1.5 million people. Committed to transforming the health of the communities we serve, one person at a time, Superior supports active local involvement in all 254
About Centene Foundation
The Centene Foundation (the "Foundation"), a private nonprofit focused on investing in economically challenged communities, is the philanthropic arm of Centene Corporation (NYSE: CNC) ("Centene"). The Foundation supports projects and initiatives strategically aligned with Centene's mission-driven culture and enhances the work Centene is doing to remove the barriers to wellness underserved and low-income populations face. The Foundation is committed to addressing drivers of health and improving health equity in three distinct areas of focus: healthcare, social services and education. To learn more, visit the Centene Foundation's website.
View original content to download multimedia:https://www.prnewswire.com/news-releases/superior-healthplan-and-centene-foundation-make-350-000-investment-to-help-with-flood-relief-in-texas-302843568.html
SOURCE Superior HealthPlan