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Friday, April 5, 2019

Centene CEO expects divestitures for WellCare acquisition, Bloomberg reports

Centene (CNC) CEO Michael Neidorff said the planned takeover of WellCare Health Plans (WCG) will require divestitures in two states with limited competition in the Medicaid market, Bloomberg’s John Tozzi reports, citing Neidorff. “There are two states, Nebraska and Missouri, where there’s three plans, and WellCare’s one, we’re one,” Neidorff said. “We know one of the plans is going to have to be divested.”
https://thefly.com/landingPageNews.php?id=2889013

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