Centene Corporation - CNC STOCK NEWS

Centene Corporation has issued a statement addressing claims made by the Ohio Attorney General, asserting that the allegations are unfounded. The company emphasizes that its pharmacy contracts with the State of Ohio are rigorously reviewed and pre-approved by state agencies. Centene highlights that these services have successfully saved millions for taxpayers by utilizing market-based pharmaceutical pricing. The company expresses its commitment to quality and transparency and is open to addressing any queries from the Attorney General.

Centene Corporation (NYSE: CNC) has appointed Katie Casso as Senior Vice President, Corporate Controller, effective April 1, 2021. This follows the retirement of Christopher Isaak on April 30, 2021. Casso has over 16 years of experience with Centene, progressing from public accounting to leadership roles within the finance department, including her recent position as Vice President, Assistant Controller. Her appointment is expected to continue supporting Centene's growth strategy, while Isaak's contributions are acknowledged as he retires.

Centene Corporation recently participated in No One Eats Alone Day, a nationwide initiative aimed at addressing childhood social isolation, exacerbated by the COVID-19 pandemic. Collaborating with local schools, Centene's health plans organized virtual assemblies, reaching over 23,500 children across 47 schools. The initiative aimed to foster social connections among students, teaching them about the effects of social isolation. In total, more than 1,400 schools engaged in this initiative, impacting over 700,000 children nationwide and emphasizing Centene's commitment to community health and inclusion.

Centene Corporation (NYSE: CNC) has announced executive leadership changes effective March 1, 2021, to enhance its growth and innovation. Brent Layton is appointed President of U.S. Health Plans, retaining his EVP title. Sarah London becomes President of Health Care Enterprises and EVP of Advanced Technology, leading the Magellan integration. Shannon Bagley is now Executive VP and Chief Administrative Officer, and Robert Sanders is the new EVP of Global Human Resources. These appointments are intended to align with Centene's focus on transforming healthcare services for its members and stakeholders.

Centene Corporation (NYSE: CNC) will participate in two virtual healthcare conferences in March 2021. The first is the Barclays Global Healthcare Conference on March 9, where it will present at 9:10 a.m. EST, accessible via a live audio webcast. The second is the Oppenheimer 31st Annual Healthcare Conference on March 16, with a presentation scheduled for 8:40 a.m. EDST, also available through a webcast. Replays of both presentations will be accessible on Centene's investor relations website.

Centene Corporation (NYSE: CNC) announced that its subsidiary, 'Ohana Health Plan, will continue to manage the Community Care Services (CCS) program in Hawaii under a new three-year contract beginning July 1, 2021. The CCS program delivers behavioral health services to around 5,000 Medicaid-eligible adults with severe mental illnesses. 'Ohana Health Plan has provided these services since 2013, reflecting its commitment to quality care. This new contract emphasizes the company's integrated healthcare approach and partnership with local organizations to improve member outcomes.

Health Net has partnered with Wesley Health Centers to conduct a study analyzing COVID-19's impact on racial minorities and underserved communities in California. The initiative includes free COVID-19 screenings to confirm current and past infections, with follow-up medical monitoring for participants. The study aims to uncover health disparities faced by communities of color, as highlighted by the CDC. Funded by Centene, the initiative reflects a commitment to improving healthcare access and outcomes for vulnerable populations, with the analysis providing evidence-based solutions to enhance public health responses.

Centene Corporation (NYSE: CNC) announced the completion of its tender offer for $2.2 billion of 4.75% Senior Notes due 2025. The tender offer expired on February 17, 2021, with $796.17 million (36.19%) of notes validly tendered. The Purchase Price for accepted notes is $1,025.85 per $1,000 principal. The company plans to use proceeds from a $2.2 billion public offering of 2.50% senior notes due 2031 to finance this purchase. Remaining 2025 Notes will be redeemed on March 12, 2021. The company’s tender agent is Global Bondholder Services Corporation.

Centene Corporation (NYSE: CNC) announced the pricing of a public offering for $2.2 billion in 2.50% senior notes due 2031, set to close around February 17, 2021. The proceeds will fund the purchase and redemption of its 4.75% senior notes due 2025 and cover associated expenses. The notes, which are senior unsecured obligations, will rank equally with existing senior debt. Notably, the offering is conducted under an effective shelf registration statement with the SEC.