This Slide: #30 of 49 |
Slide #30. Centene Corporation — AcariaHealth
Acquirer:
Centene Corporation (NYSE:CNC)
Acquiree:
AcariaHealth
Details:
Centene Corporation (NYSE: CNC) announced today that on April 1, 2013, it completed the purchase of Specialty Therapeutic Care Holdings, Inc. (d/b/a AcariaHealth), one of the nation's largest, independent, comprehensive specialty pharmacy companies, from Enhanced Equity Funds. The transaction was financed through a combination of approximately 1.7 million shares of Centene common stock, cash on hand as well as up to $15.3 million of Centene common stock from an equity offering related to funding the escrow account.
Centene is an insurance holding company. Through its subsidiaries, Co. provides services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Co. also provides education and outreach programs to inform and assist members in accessing healthcare services. Co. operates in two segments: Managed Care and Specialty Services. Co.'s Managed Care segment provides health plan coverage to individuals through government subsidized and commercial programs. Co.'s Specialty Services segment includes companies providing healthcare services and products to its Managed Care segment and other external customers.
CNC SEC Filing Email Alerts Service
Open the CNC Page at The Online Investor »
|
Open the CNC Page at The Online Investor (in a new window) »
Free CNC Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Buy (3.06 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CNC Stock Forecast Based on Zacks ABR data; powered by Xignite |