Centene Completes Acquisition of WellCare

Centene Corporation (NYSE: CNC) (“Centene”) announced Thursday that it has completed its acquisition of WellCare Health Plans, Inc. (“WellCare”). Centene now provides access to high-quality and affordable healthcare to its more than 24 million members across all 50 states, or 1 in 15 individuals across the nation. The Company will continue to place great emphasis on long-term growth by prioritizing its people, systems and capabilities so that it can better serve its members, providers and government partners. Pursuant to the terms of the merger agreement, as announced on March 27, 2019, WellCare became a wholly owned subsidiary of Centene. Under the terms of the merger agreement, WellCare shareholders received a fixed exchange ratio of 3.38 shares of Centene common stock and $120 in cash for each share of WellCare common stock.

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Source: https://www.prnewswire.com/news-releases/centene-completes-acquisition-of-wellcare-creating-a-leading-healthcare-enterprise-focused-on-government-sponsored-healthcare-programs-300992269.html

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