Slow State Response Bedeviling $6.8 Billion Deal Between Centene, Health Net
The insurer is pressing for a March 1 close, but consumer advocates worry the consolidation would be "worrisome" for marketplace stability and pricing for customers.
Centene Still Waiting For Final Health Net Approval In California
Centene Corp. continues to fight for regulatory approval over its Health Net acquisition, and the insurer is banking on a March 1 closing date. Centene announced its $6.8 billion deal for Health Net last July and anticipated the transaction would close this month, creating the nation's largest Medicaid managed-care company. Bill Scheffel, Centene's CFO, built his retirement around that assumption. (Herman, 2/10)