Centene to divest Illinois division to CVS to clear path for WellCare merger

Healthcare insurance company Centene announced that it will offload its Illinois businesses to CVS Health. This will move the insurer a step closer to completing the $15.27 billion takeover of WellCare Health Plans. Centene said that it would sell its Medicaid and Medicare Advantage business lines in IlliniCare Health Plan. The parties do not disclose the […]

Centene, WellCare merger may close in H1 2020

Health insurer Centene Corporation said that the takeover of WellCare Health Plans might close earlier than expected. Centene said the process of regulatory approval “is ahead of schedule,” with only federal government and two states are yet to clear the merger. The $15.27 billion deal is projected to close in the first half of 2020. […]