Centene Corp Del Stock Price, News & Analysis

Health Net (NYSE: CNC) has awarded a $2.6 million grant to Hope Cooperative in Sacramento County to support individuals exiting the criminal justice system. The initiative includes the purchase of a 59-room motel property for interim housing and provides comprehensive services including mental health care, substance use treatment, and employment guidance. The program aims to reduce recidivism rates, which currently show 66% of former inmates are re-arrested within three years and 82% within 10 years. Through California's CalAIM program, the organization will offer Enhanced Care Management and Community Supports services. This initiative is part of Health Net's broader community investment strategy, which has committed over $158 million to community-based organizations from 2017 to 2024.

Health Net and Centene Foundation announced a $7.2 million investment to expand healthcare access through mobile health clinics in California. The initiative, called Mobile Outreach for Value, Equity and Sustainability (MOVES) program, aims to tackle care barriers by bringing preventative screenings and services directly to underserved communities. Grant recipients include AltaMed, Community Medical Centers, Kaweah Health, and Vision y Compromiso. The mobile clinics will provide preventative care, screenings, health education, and social services at local parks and community events. This investment is part of Health Net's broader commitment, which includes over $158 million in funding to community organizations from 2017-2024, and other significant investments like a $3.5 million grant to MLK Community Medical Group and $9 million for California's physician workforce development.

Superior HealthPlan, a subsidiary of Centene (NYSE: CNC), has awarded $200,000 in grants to 20 community-based organizations and healthcare providers across Texas. The funding, distributed through their annual grant program, aims to address healthcare barriers and non-medical drivers of health in low-income communities.

The grants are split between 10 community organizations and 10 healthcare providers, each receiving funding for specific projects ranging from diaper distribution programs to medical equipment purchases. Notable recipients include Her Pantry in El Paso, YMCA of Greater San Antonio, and various healthcare facilities across Texas.

Since 2020, Superior has invested over $940,000 through this grant program, supporting initiatives focused on food access, economic stability, healthcare, housing, education, and other critical needs affecting overall health and well-being.

Meridian Health Plan of Illinois, a Centene (NYSE: CNC) company, has announced a partnership with farmers markets across central and southern Illinois to combat food insecurity in 2025. The initiative offers vouchers for fresh produce purchases, with Meridian members receiving $15 in vouchers and non-members receiving $10 per market visit.

The program includes a SNAP/Link benefit doubling feature, where $25 in SNAP benefits converts to $50 for fresh produce purchases. Building on their successful 2024 pilot at Carbondale, which distributed 540 vouchers worth over $3,750 to 321 attendees, the program will expand to multiple locations including Carbondale, Champaign, Murphysboro, Marion, Anna-Jonesboro, and East St. Louis between May and September 2025.

Delaware First Health (DFH) and the Centene Foundation have announced a grant program targeting social drivers of health in Delaware. The initiative will distribute $500,000 in grants over three years, with individual grants starting at $10,000. Applications are open to Delaware-based 501c3 organizations serving the Medicaid population, with submissions accepted through June 13, 2025.

The program prioritizes projects addressing housing instability and transportation accessibility, though applications targeting other social health drivers will be considered. Organizations must demonstrate measurable outcomes and impact over time. Award announcements are scheduled for July 2025.

National Veterinary Associates (NVA) has announced key board appointments ahead of its planned IPO, naming Ken Burdick as Executive Chairman and Dr. Mike McFarland as Director. Burdick brings over 40 years of healthcare experience and currently serves as Executive Chairman at LifeStance Health (NASDAQ: LFST). He previously led WellCare Health Plans as CEO, delivering strong performance in revenue and profit margins before its acquisition by Centene Corporation.

Dr. McFarland contributes more than 40 years of veterinary healthcare expertise, including 11 years in senior leadership at Zoetis, Inc. and previous roles at Pfizer Animal Health. Greg Hartmann will remain on the board as a director, maintaining his investment in the company.

Centene Corporation's (NYSE: CNC) subsidiary Arizona Complete Health has reached a settlement agreement with AHCCCS and three other health plans to provide managed care for the Arizona Long Term Care System (ALTCS). Starting October 1, 2025, Arizona Complete Health will offer statewide coverage for the ALTCS-EPD program, which serves nearly 26,000 Arizonans who are elderly and/or have physical disabilities. The agreement awards a three-year contract with potential extensions for up to six years total. The program provides integrated physical health, behavioral health, pharmacy benefits, and home- and community-based services. Arizona Complete Health currently serves over 400,000 AHCCCS members statewide since 2006.

Oklahoma Complete Health, a subsidiary of Centene Corporation (NYSE: CNC), has announced enhanced benefits for SoonerSelect members starting in 2025. Key new benefits include a $30 monthly Diaper Club for infants and expanded prescription limits for essential medicines. Upgraded benefits feature individual $30 quarterly over-the-counter allowances and improved transportation services allowing up to 4 family members per medical appointment, plus 15 rides for essential errands.

The company's first-year achievements include completing 11,651 referrals for social health needs, helping 2,500 members access Food Rx benefits, facilitating 20,684 YMCA visits, and distributing $2.1M in reward dollars for healthy activities.

Centene (NYSE: CNC) reported strong Q1 2025 financial results with adjusted diluted EPS of $2.90, up 28% from $2.26 in Q1 2024. The company achieved 17% year-over-year premium and service revenue growth to $42.5 billion, driven by significant membership increases in Marketplace (29%) and Medicare PDP (22%).

Key metrics include a health benefits ratio of 87.5% and an SG&A expense ratio of 7.9%. Total cash flow from operations was $1.5 billion. The company increased its 2025 premium and service revenues guidance by $6.0 billion to $164.0-166.0 billion, reflecting strong Marketplace enrollment and Medicare Advantage retention.

Notable developments include contract wins in Nevada for Medicaid managed care and Marketplace public option, and in Illinois for dual-eligible services. The company maintains its 2025 adjusted diluted EPS guidance floor of greater than $7.25.