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The combination has received approvals from insurance and healthcare departments from 26 states. Completion of the Centene-WellCare transaction remains subject to clearance under the Hart-Scott-Rodino Act, receipt of required state regulatory approvals and other customary closing conditions. Centene and WellCare still expect that this transaction will be completed by the first half of Wall Street analysts told Reuters that in September, after the U.

Department of Justice requested additional information regarding the Centene-WellCare merger, Wellcare agreed to sell its Missouri and Nebraska Medicaid plans due to an overlap in business in states where Centene operates.

Centene anticipates the WellCare deal will enable it to scale up its government-backed Medicare and Medicaid businesses, but in some states like Georgia and Illinois, Medicaid divestitures may be required. The combined company would operate 31 NCQA-accredited health plans across the country, and will have increased exposure to government-sponsored healthcare solutions through WellCare's Medicare Advantage and Medicare Prescription Drug Plans.

The combined enterprise would also be used to enhance 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. Neidorff, Centene's chairman, president and CEO. We are pleased to enter this agreement with CVS Health, under which these employees can continue helping members achieve better health outcomes while delivering benefits to providers.

We will work closely with CVS Health to ensure a smooth transition of this business for members, employees and providers. Twitter: JELagasse Email the writer: jeff. Skip to main content. Hospitals disappointed by court decision leaving B repayment to HHS. Revenue Cycle Management. High out-of-pocket costs are affecting revenue cycles. Strategic Planning. Capital Finance. Cigna to increase venture spending on startups, tech.

Supply Chain. Amazon Business offers hospitals a supply chain alternative. Low margins threaten nonprofit hospitals' credit ratings. Health benefit costs expected to rise 5. Quality and Safety. Clinicians need the right messaging to pay attention to cybersecurity. Billing and Collections. Payers: Data is key for Transparency in Coverage requirements.

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As previously announced on March 27, , Centene and WellCare agreed to combine in a transaction that will create a premier healthcare enterprise focused on government-sponsored healthcare programs and a leader in Medicaid, Medicare and the Health Insurance Marketplace. The combination has received approvals from insurance and health care departments from 26 states.

Completion of the Centene — WellCare transaction remains subject to clearance under the Hart-Scott-Rodino Act, receipt of required state regulatory approvals and other customary closing conditions. Centene and WellCare continue to expect that the Centene — WellCare transaction will be completed by the first half of The financial terms of this transaction will not be disclosed and the impact to CVS Health earnings once closed is expected to be immaterial.

Additional information about the Centene — WellCare transaction can be found at centene-wellcare. About Centene Centene Corporation, a Fortune company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans.

Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the company, including information that may be deemed material to investors. Whether in one of its pharmacies or through its health services and plans, CVS Health is pioneering a bold new approach to total health by making quality care more affordable, accessible, simple and seamless. CVS Health is community-based and locally focused, engaging consumers with the care they need when and where they need it.

The Company has more than 9, retail locations, approximately 1, walk-in medical clinics, a leading pharmacy benefits manager with approximately 93 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan. CVS Health also serves an estimated 39 million people through traditional, voluntary and consumer-directed health insurance products and related services, including a rapidly expanding Medicare Advantage offering.

This innovative health care model increases access to quality care, delivers better health outcomes and lowers overall health care costs.

Cautionary Statement on Forward-Looking Statements of Centene All statements, other than statements of current or historical fact, contained in this communication are forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions.

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