BILLING NEWS

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.


INDUSTRY NEWS TAGS: Payor


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