Centene Corporation (NYSE:CNC) will acquire WellCare Healthplans, Inc. (NYSE:WCG), pursuant to a definitive merger agreement, to create a premier healthcare enterprise focused on government-sponsored healthcare programs and a leader in Medicaid, Medicare and the Health Insurance Marketplace.
Approximately 22 million members across all 50 states in the U.S.
Providing solutions to
+12 million Medicaid &
~5 million* Medicare members
Continued focus on affordable, high quality, culturally-sensitive healthcare services
Better serving members with innovative programs designed to meet their needs
The combined company would be the leader in government-sponsored healthcare with increased scale and diversification both geographically and in its managed care service offerings, and enhance access to high-quality services for members. Centene and WellCare share strong commitments to the communities in which their employees and members live and work. The combined company will enhance its already robust efforts to address the social determinants of health such as food insecurity, housing instability, homelessness, unemployment, lack of access to transportation and other non-medical barriers to health.
“This transformational combination creates a leading healthcare enterprise that is committed to helping people live healthier lives through a localized approach and provides access to high-quality healthcare through a wide range of affordable health solutions.”
Chairman and CEO, Centene
“We are enthusiastic about this combination of two high-performing growth companies focused on government-sponsored managed care, which will bring benefits to all of our stakeholders.”