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 […]

Carlyle to pay $1.8B for AIG’s Fortitude Re stake

The Carlyle Group and T&D Holdings have agreed to acquire AIG’s 76.6% stake in Fortitude Re for about $1.8 billion. Following closure, Carlyle will own 71.5% stake in the target, while T&D and AIG will hold 25% and 3.5%, respectively. The private equity firm’s ownership includes the nearly 20% it acquired in November last year. […]