Centene Corporation and WellCare Health Plans, Inc. announced that, in connection with the previously announced merger agreement between Centene and WellCare, a subsidiary of WellCare has entered into a definitive agreement under which Anthem, Inc. will acquire WellCare’s Missouri and Nebraska Medicaid plans. The closing of the transaction with Anthem is subject to U.S. federal antitrust clearance, receipt of Missouri and Nebraska state regulatory approvals and other customary closing conditions, as well as the closing of the Centene – WellCare transaction.
In connection with the transaction, the companies are developing a plan to ensure that there is a smooth transition for members. As previously announced on March 27, 2019, Centene and WellCare agreed to combine in a transaction that will create a premier healthcare enterprise focused on government-sponsored healthcare programs and a leader in Medicaid, Medicare and the Health Insurance Marketplace.
The combination has received approvals from insurance and health care departments from 19 states, including Alabama, Arkansas, California, Florida, Kansas, Kentucky, Maine, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, North Carolina, Oklahoma, South Carolina, Tennessee, Vermont, Washington and Wisconsin. Completion of the Centene – WellCare transaction remains subject to clearance under the Hart-Scott-Rodino Act, receipt of required state regulatory approvals and other customary closing conditions. Centene and WellCare continue to expect that the Centene – WellCare transaction will be completed by the first half of 2020.
Anthem, Inc. focuses on being a valued health partner and delivering quality products and services that give members access to the care they need. With more than 74 million people served by Anthem, Inc.’s affiliated companies including approximately 40 million enrolled in our family of health plans, Anthem, Inc. is able to meet the needs of their diverse customers.
Centene Corporation, a Fortune 100 company, is a diversified, multi-national health care enterprise that provides a portfolio of services to government sponsored and commercial health care programs, focusing on under-insured and uninsured individuals. Centene also provides health care services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other health care and commercial organizations to provide specialty services including behavioral health management, care management software, correctional health care services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy, and telehealth services.
WellCare Health Plans, Inc. focuses primarily on providing government-sponsored managed care services to families, children, seniors and individuals with complex medical needs primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, as well as individuals in the Health Insurance Marketplace. WellCare serves approximately 6.3 million members nationwide as of June 30, 2019.
This was reported by Centene Corporation on September 26, 2019.
Contact information: Anthem, Inc., 220 Virginia Avenue, Indianapolis, Indiana 46204; 800-331-1476; Website: http://antheminc.com
Contact information: Centene Corporation, National Headquarters, Centene Plaza, 7700 Forsyth Boulevard, St. Louis, Missouri 63105; 314-725-4477; Email: email@example.com; Website: www.centene.com
Contact information: WellCare Health Plans, 8725 Henderson Road, Tampa, Florida 33634; 800-960-2530; Website: www.wellcare.com