Centene to Purchase WellCare in $17.3B Deal

Centene Corporation will purchase rival insurer WellCare Health Plans in a deal valued at $17.3 billion. The deal will create one of the largest sponsors of government plans across the three main markets: Medicare, Medicaid and the Affordable Care Act exchanges.

Post-merger, the joint company would be the nation’s biggest sponsor of Medicaid managed care and exchange plans, and the fourth-largest payer in the private Medicare space, including Medicare Advantage, supplemental coverage and Part D plans.

Source: https://www.fiercehealthcare.com/payer/centene-to-purchase-wellcare-17-3b-deal