Centene Corp Del - CNC STOCK NEWS

Centene Corporation (NYSE: CNC) is set to release its 2021 fourth quarter and full-year financial results on February 8, 2022, at 6 a.m. EST. A conference call will follow at 8:30 a.m. EST to discuss the results. Interested investors can participate via phone or through a live audio webcast on the Company’s website. The results will be available for replay shortly after the call, with access lasting until February 8, 2023. Centene is a leading healthcare enterprise focused on providing integrated services to under-insured individuals and has a significant presence in both domestic and international markets.

California Health & Wellness (CHW) has awarded a $25,000 grant to Inyo Mono Advocates for Community Action (IMACA) to aid food distribution in the rural counties of Inyo, Mono, and Alpine. This grant enhances IMACA's storage capabilities, upgrading their electrical service to 200 amps and adding a backup power source, critical for avoiding food spoilage during power outages. IMACA serves approximately 450 households monthly, addressing food insecurity exacerbated by the pandemic.

California Health & Wellness (CHW) is responding to Gov. Gavin Newsom's state of emergency in multiple counties due to severe winter storms by providing assistance to affected members. This includes access to emergency prescription refills and mental health support through MHN. CHW members can utilize telehealth services via the Babylon app for non-emergency issues. The organization emphasizes its commitment to ensuring healthcare access during emergencies. CHW operates as a subsidiary of Centene Corporation (NYSE: CNC), focused on quality health coverage in rural California.

Health Net is responding to the declared state of emergency in Los Angeles, Sacramento, and San Bernardino counties by providing support to affected members due to severe winter storms. They ensure access to essential medications and healthcare services. Members can obtain emergency prescription supplies and have access to mental health support through MHN, available 24/7. Additionally, Health Net offers telehealth options via the Babylon app. They are committed to ensuring members have necessary healthcare access during these challenging times, highlighting their ongoing dedication to community health.

Centene Corporation (NYSE: CNC) has appointed Jim Murray as Chief Transformation Officer, reporting to Vice Chairman Sarah London. Murray, previously President and COO at Magellan Health, will lead the Value Creation Office and the Advanced Behavioral Health division. His extensive experience in managed care and healthcare delivery positions him well for driving transformation efforts as part of Centene's value creation plan. Centene remains committed to providing integrated, high-quality healthcare services to underserved populations while focusing on continuous improvement and innovation.

Centene Corporation (NYSE: CNC) announced its participation in the JP Morgan 40th Annual Healthcare Conference, scheduled for January 10-13, 2022. The virtual presentation will take place on January 10 at 7:30 a.m. ET. Investors can access a live audio webcast through Centene's website. The company focuses on providing integrated healthcare services to underserved populations across various programs, including Medicaid and Medicare. For more information, visit Centene's investor relations page.

Centene Corporation (NYSE: CNC) has successfully completed its acquisition of Magellan Health, enhancing its ability to provide comprehensive healthcare solutions. This strategic move aims to improve health outcomes for high-cost populations, particularly in behavioral healthcare. Centene's CEO highlighted the transaction's potential to expand access for members amid rising mental health issues in the U.S. Magellan will operate independently under Centene's umbrella, ensuring continuity in leadership. This acquisition reflects Centene's commitment to integrated health services at a critical time.

iTeos Therapeutics (NASDAQ: ITOS) will replace Magellan Health (NASDAQ: MGLN) in the S&P SmallCap 600, effective January 5, 2022. This change coincides with Centene Corp. (NYSE: CNC) acquiring Magellan Health, pending final conditions. The adjustment is significant for iTeos as inclusion in a prominent index like the S&P SmallCap 600 can potentially improve market visibility and investor interest. This strategic move highlights the dynamic shifts within the healthcare sector as companies adapt to evolving market conditions.

Centene Corporation (CNC) and Magellan Health (MGLN) have received all regulatory approvals necessary for Centene's acquisition of Magellan. The closing is expected on or about January 4, 2022. This acquisition will enable Centene to enhance its whole-health solutions, addressing both physical and mental health needs, aimed at improving health outcomes and reducing costs for high-cost populations. CEO Michael Neidorff expressed optimism about the expanded services and increased access to behavioral health care for communities in need.