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Centene Corp (CNC.N)

CNC.N on New York Stock Exchange

100.86USD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Centene says civil investigative demand was issued to co's unit, Health Net Federal Services by U.S. DoJ in Oct
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Centene Corp :Centene says in October 2017, civil investigative demand was issued to co's unit, Health Net Federal Services by U.S. Department of Justice - SEC filing.Centene says company is complying with civil investigative demand and believes it has been meeting its contractual obligations.  Full Article

Centene reports Q3 earnings per share $1.16
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Centene Corp ::Centene corporation reports 2017 third quarter results & updates 2017 guidance.Reports Q3 2017 earnings per share $1.16.Q3 adjusted earnings per share $1.35.Q3 earnings per share $1.16.Q3 revenue $11.9 billion versus i/b/e/s view $11.78 billion.Q3 earnings per share view $1.25 -- Thomson Reuters I/B/E/S.‍health benefits ratio (hbr) of 88.0% for Q3 of 2017, compared to 87.0% in Q3 of 2016​.September 30, 2017 managed care membership of 12.3 million, an increase of 874,900 members, or 8% compared to Q3 of 2016​.Sees fy 2017 total revenues $47.4 billion - $48.2 bln‍​.Sees fy 2017 gaap diluted eps $4.04 - $4.18‍​.Sees fy 2017 adjusted diluted eps $4.86-$5.04‍​.Sees 2017 health benefits ratio ‍​between 87 percent to 87.4 percent.As a result of uncertainties surrounding csr payments, guidance for fy does not include any impact of the defunding of csr subsidies‍​.Expect lack of csr payments to have $0.07 - $0.12 per diluted share impact on 2017 earnings​.Fy2017 earnings per share view $4.95, revenue view $47.24 billion -- Thomson Reuters I/B/E/S.  Full Article

Centene ‍comments on updated Medicare Star quality ratings for 2018 ​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Centene Corp :Centene ‍comments on updated Medicare Star quality ratings for 2018 rating year published by Centers for Medicare and Medicaid Services​.Centene Corp says ‍2018 rating year will affect quality bonus payments for Medicare Advantage plans in 2019​.Centene Corp says "we ‍are working to evaluate and mitigate potential impact on company's revenue in 2019 as a result of lowered 2018 rating"​.  Full Article

Centene provides contract update on Illinois unit
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Centene Corp :Centene's illinois subsidiary selected for medicaid managed care program contract and youth in care contract.Centene corp - new four-year agreement, with option to renew contract for up to an additional four years, is expected to commence on january 1, 2018..  Full Article

Centene reaches settlement with Commonwealth of Kentucky
Friday, 4 Nov 2016 

Centene Corp : unit, Kentucky Spirit Health Plan, has settled all lawsuits and complaints associated with its contract with Commonwealth Of Kentucky .under terms of settlement agreement, Kentucky Spirit will receive an immaterial cash payment from Commonwealth's actuarial firm.  Full Article

Centene's unit enters into settlement agreement with respect to contract termination with Commonwealth of Kentucky
Friday, 4 Nov 2016 

Centene Corp : Centene - On November 3, 2016 company's unit entered into a settlement agreement with respect to contract termination with Commonwealth of Kentucky - SEC filing .Centene - Kentucky Spirit to receive immaterial cash payment from Commonwealth's actuarial firm; parties to dismiss all claims related to litigation.  Full Article

Centene Corp says subsidiary awarded contract
Wednesday, 31 Aug 2016 

Centene Corp : Centene corp says Pennsylvania subsidiary awarded statewide community healthchoices managed care agreement . Five-Year agreement, with an option to renew for two additional years, is expected to commence july 1, 2017, in southwest zone .TSays Under Agreement, Pennsylvania Health & Wellness Will Coordinate Physical Health And Long term services and supports.  Full Article

Health Net announces settlement regarding employee severance agreements
Wednesday, 17 Aug 2016 

Centene Corp : Centene's subsidiary, health net, announces settlement regarding employee severance agreements . "Health net is no longer an sec-reporting entity; Centene was not a party to these issues" . Unit Health net entered agreement with SEC to resolve allegations of health net violations in connection with severance agreements .Alleged issues occurred prior to acquisition of Health Net by Centene.  Full Article

Centene Corp: Do not have the network for Aetna assets
Tuesday, 26 Jul 2016 

Centene Corp : Continue to see as well as anticipate stable medical cost trends - conf call . Health insurance exchange experience continues to be favorable - conf call . Do not have the network for humana and aetna assets; want products for low-income seniors . In the second quarter, over 90 percent of exchange members were subsidy-eligible - conf call . Entered the q2 with about 680,000 exchange members across 15 states - conf call Further company coverage: [CNC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Centene Q2 adjusted earnings per share $1.29
Tuesday, 26 Jul 2016 

Centene Corp : June 30, 2016 managed care membership of 11.4 million, an increase of 6.8 million members, or 148% compared to Q2 of 2015. . Centene Corp qtrly revenue $10,897 million versus $5,506 million . Sees 2016 total revenues $39.4 billion to $40.0 billion . Sees 2016 gaap diluted EPS $2.65 - $3.00 . "health net integration remains on track" . FY2016 earnings per share view $4.21, revenue view $39.71 billion -- Thomson Reuters I/B/E/S . Sees 2016 health benefits ratio of 87.0% to 87.5% . Centene Corporation reports 2016 second quarter results . Q2 adjusted earnings per share $1.29 . Q2 earnings per share $0.98 . Q2 revenue $10.9 billion versus I/B/E/S view $10.79 billion . Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Health benefits ratio of 86.6% for q2 of 2016, compared to 89.1% in Q2 of 2015 .Sees 2016 adjusted diluted EPS $4.20 to $4.55.  Full Article

Fitch Affirms Centene's Ratings at 'BBB'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, November 29 (Fitch) Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings assigned to various Centene Corporation (CNC) insurance company subsidiaries at 'BBB' (Good). The Rating Outlooks are Stable. KEY RATING DRIVERS The affirmation continues to reflect CNC's good financial performance and business profile with top-tier market share in the Medicaid market. Important considerations limiting CNC's rating is th