Industry Bulletins | February 28, 2018
Centene To Acquire MHM Services To Expand National Footprint In Correctional Health Care Sector
Centene Corporation (Centene) recently announced it has signed an agreement for the acquisition of MHM Services, Inc. (MHM). In addition to acquiring MHM, Centene will obtain 49% ownership of Centurion as part of the purchase.
The acquisition fulfills two strategic benefits for Centene. Firstly, it expands the company’s national footprint, as it adds two states to Centene’s portfolio which it previously was not present in. Additionally, the deal gives Centene access to MHM’s capabilities in providing physical and behavioral health services for government programs, enhancing Centene’s clinical capabilities.
Centene is a large publicly-traded company, and . . .