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.

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News Market Reaction – CNC

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$33.62B Market Cap

In the Aug 5 session, CNC gained 4.56%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.6% during that session. Argus tracked a trough of -5.2% from its starting point during tracking. Our momentum scanner triggered 51 alerts that day, indicating high trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

CNC's recent earnings announcement carried a -0.27% 24-hour reaction, adding a market-history refere...

Analysis

CNC's recent earnings announcement carried a -0.27% 24-hour reaction, adding a market-history reference to this community-support announcement. The platform record also showed recent net selling; investors could watch whether operational news continues to diverge.

Key Figures

Flood relief investment: $350,000 Recipient organizations: 5 organizations Disaster declarations: 59 counties +3 more

Flood relief investment

$350,000

Investment announced by Superior HealthPlan and Centene Foundation

Recipient organizations

5 organizations

Funding distribution for Texas flood recovery

Disaster declarations

59 counties

Texas disaster declarations issued earlier this month

Foundation investment

$34.9 million

Centene Foundation investment in 2025

Nonprofit organizations

209 nonprofit organizations

Organizations funded by Centene Foundation in 2025

Geographic reach

29 states and the District of Columbia

Locations receiving Centene Foundation investment in 2025

Historical Context

5 past events · Latest: Jul 28

5 events

1. Jul 28

   Second-quarter earnings

   24h Move

   -0.3%

   Reported improved earnings metrics and raised full-year guidance.

2. Jul 28

   Board director change

   24h Move

   -0.3%

   Announced one director's retirement and appointed a new board member.

3. Jul 10

   Earnings call scheduling

   24h Move

   -0.4%

   Scheduled release of second-quarter financial results and conference call.

4. Jul 09

   Medicaid contract award

   24h Move

   +0.8%

   Selected subsidiary retained a statewide Illinois Medicaid managed-care contract.

5. Jun 23

   Disaster assistance

   24h Move

   -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.

Key Terms

federally qualified health centers

1 terms

federally qualified health centers medical

"The funding will be split between five organizations, including OneStar Foundation, Federally Qualified Health Centers"

Federally qualified health centers are community-based clinics that receive specific federal funding and reimbursements to provide primary care and preventive services to underserved populations, regardless of patients’ ability to pay. For investors, they matter because their government support and regulated payment rates create more predictable revenue and lower credit risk than many private clinics, affecting valuations of healthcare providers, medical real estate, and companies that contract with or supply them.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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The investment helps five local organizations respond to historic flooding across the Hill Country and South-Central Texas

AUSTIN, Texas, Aug. 5, 2026 /PRNewswire/ -- Superior HealthPlan and Centene Foundation, the philanthropic arm of Centene Corporation (NYSE: CNC), today announced an important investment aimed at addressing flood relief efforts to help Texas communities access resources following recent flooding. This comes as families across the Hill Country and South-Central Texas recover from rainfall that caused catastrophic river flooding, evacuations, infrastructure damage, and loss of life. The funding will be split between five organizations, including OneStar Foundation, Federally Qualified Health Centers (FQHC), and food banks.

"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 Blanco, Gillespie, Kendall, Kerr and Uvalde Counties. The following organizations will receive funding to support ongoing recovery efforts:

• 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 and Uvalde 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 and Menard 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 Texas is a reminder that communities often face new challenges, even as they continue rebuilding from previous disasters," said Chris Bugbee, President & CEO of OneStar Foundation. "We are deeply grateful to Superior HealthPlan and Centene Foundation for recognizing the importance of sustained, flexible support by investing in the Rebuild Texas Fund. Their generosity helps ensure we can respond quickly to evolving needs while standing alongside affected communities for the long road to recovery."

"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 $34.9 million in 209 nonprofit organizations across 29 states and the District of Columbia – pairing local trust with national expertise to deliver improvements in community health and well-being. Learn more about the overall impact here.

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 Texas counties with 3,500 employees throughout the state. Since 2020, Superior has contributed $12.3 million in grants, sponsorships and employee giving, helping support low-income communities. Superior is a company of Centene, a leading healthcare enterprise that is committed to helping people live healthier lives. For more information, visit www.SuperiorHealthPlan.com.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Centene (NYSE: CNC) donating for Texas flood relief in August 2026?

Centene, through Superior HealthPlan and Centene Foundation, is providing a $350,000 investment for Texas flood relief. According to the company, the funds support emergency supplies, food distribution, healthcare-related assistance, and long-term recovery efforts across multiple Hill Country and South-Central Texas counties.

Which organizations are receiving the $350,000 Texas flood relief funding from Centene (CNC)?

The $350,000 in flood relief funding will be split among five organizations: OneStar Foundation’s Rebuild Texas Fund, San Antonio Food Bank, Central Texas Food Bank, Community Health Development, and Frontera Healthcare Network. According to Centene, these groups will address immediate needs and long-term community recovery.

What Texas regions will benefit from Centene’s $350,000 flood relief investment?

Centene’s $350,000 investment targets communities in the Hill Country and South-Central Texas. According to the company, support will reach counties including Blanco, Gillespie, Kendall, Kerr, Uvalde, Concho, Kimble, Mason, McCulloch, and Menard through food banks and Federally Qualified Health Centers.

How will OneStar Foundation use Centene’s flood relief funds in Texas?

OneStar Foundation will direct Centene’s support to the Rebuild Texas Fund to aid flood recovery. According to OneStar, funds will help respond quickly to urgent challenges, address unmet needs as they arise, and support long-term community rebuilding in affected Texas areas.

How are San Antonio Food Bank and Central Texas Food Bank involved in Centene’s 2026 flood relief?

San Antonio Food Bank and Central Texas Food Bank will use Centene’s funding to support several flooded counties. According to the company, they will provide food distribution, emergency supplies, and recovery assistance for residents facing displacement, food insecurity, and other disaster-related hardships.

What role will Community Health Development and Frontera Healthcare Network play in Centene’s Texas flood response?

Community Health Development and Frontera Healthcare Network, both FQHCs, will lead local recovery and health-related assistance. According to Centene, they will coordinate resources, healthcare, and behavioral health services for individuals and families impacted by flooding across several rural Texas counties.