Centene To Acquire Health Net in $6.8B Deal

Last week, insurer Centene Corporation reached a $6.8 billion deal to acquire Los Angeles-based Health Net. As a result, Health Net said it would put on hold a seven-year outsourcing deal with Cognizant Technology Solutions because of overlapping services and capabilities, potentially saving 900 jobs in Rancho Cordova. The deal, which requires state regulatory approval, is expected to close by early 2016.

• "Health Net Acquisition Could Save 900 Local Jobs" (Robertson, Sacramento Business Journal, 7/2).
• "Health New Being Acquired in $6.8 Billion Deal" (Mueller, Sacramento Business Journal, 7/2).