Centene Corp Del - CNC STOCK NEWS

California Health & Wellness has awarded a $25,000 grant to Lighthouse Counseling and Family Resource Center to address Adverse Childhood Experiences (ACEs) exacerbated by the COVID-19 pandemic. The grant aims to enhance counseling services for families facing increased stress, abuse, and educational disruptions. Lighthouse has already reached 8,500 residents and provided services to over 250 individuals. They report a 40% rise in children seeking help for suicidal ideation, with 100% of those in counseling showing improvement.

Centene Corporation (NYSE: CNC) announced significant changes to its Board of Directors, including the appointment of five new directors as part of a governance review process following a cooperation agreement with Politan Capital Management. Key appointments include Ken Burdick, Christopher Coughlin, Wayne DeVeydt, and Theodore Samuels, effective January 5, 2022. James Dallas will transition to Lead Independent Director. The company will also implement a mandatory retirement age for directors. These changes aim to enhance corporate governance and stakeholder value.

Centene Corporation (NYSE: CNC) announced that CEO Michael Neidorff will retire in 2022 but will continue as Executive Chairman until year-end. The Board initiated a succession plan earlier this year, now positioned to appoint a new CEO through an extensive search. Neidorff highlighted Centene's robust standing and leadership team, affirming confidence in a smooth transition. Under his leadership since 1996, Centene grew from a $40 million company to a $125 billion market leader, impacting 26.5 million members across the U.S. and internationally.

Centene Corporation (NYSE: CNC) hosted a virtual investor day on December 10, 2021, announcing its 2022 financial guidance and outlining a Value Creation Plan aimed at enhancing earnings growth and shareholder value. The company expects total revenues of $135.9 billion to $137.9 billion and diluted EPS of $4.07 to $4.23 for FY 2022. Key elements of the Value Creation Plan include SG&A savings, gross margin improvement, and strategic capital allocation, with an EPS target of $7.50 to $7.75 by 2024. The 2021 total revenue guidance reaffirms a range of $125.2 billion to $126.4 billion.

Centene Corporation (NYSE: CNC) announced that its 2022 Financial Guidance and Investor Day event, scheduled for December 10, 2021, will now be held virtually due to concerns over the COVID-19 Omicron variant. Initially planned as a hybrid event, it will now forgo in-person attendance. The event will be streamed live on Centene's investor relations website, providing updates on the company's financial outlook and strategies.

Centene is a major healthcare provider, emphasizing integrated services for underserved populations.

Health Net has appointed Colin Havert as the new Commercial Officer for Health Net of California. Havert, who previously spent over a decade at Anthem Blue Cross, will oversee the large group, small business group, and individual and family plan segments. This leadership change aims to ensure excellence and disciplined growth as Health Net seeks to enhance health equity and community health outcomes. The company serves approximately 3 million members with a wide array of health plans and services.

Centene Corporation (NYSE: CNC) announced its Arizona subsidiaries, Arizona Complete Health-Complete Care Plan and Care1st Health Plan Arizona, have been awarded a Competitive Contract Expansion by the Arizona Health Care Cost Containment System (AHCCCS). This three-year contract, starting Oct. 1, 2022, aims to enhance access to healthcare services for individuals with Serious Mental Illness. The contracts will cover around 22,000 beneficiaries in Northern and Southern Arizona, emphasizing a holistic approach to care addressing mental and physical health needs.

Centene Corporation (NYSE: CNC) will present at the Wolfe Research Virtual Healthcare Conference on November 17-18, 2021. The company is scheduled to participate on November 17 at 11:00 a.m. ET, with a live audio webcast available at this link. A replay will be accessible later through the company's investor relations page. Centene is a leading multi-national healthcare enterprise focused on improving health outcomes for under-insured and uninsured individuals.