In connection with its merger with WellCare Health Plans (NYSE:WCG), Centene (NYSE:CNC) has agreed to divest its Medicaid and Medicare Advantage businesses in the state of Illinois to CVS Health (NYSE:CVS) for an undisclosed sum.
Centene will retain its IlliniCare Medicare-Medicaid Alignment Initiative business and IlliniCare’s statewide YouthCare foster care contract that will commence in February 2020. Its Ambetter business in the state will also be unaffected.
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