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FUNMAN

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Re: DiscoverGold post# 217

Monday, 12/02/2019 3:43:49 PM

Monday, December 02, 2019 3:43:49 PM

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CVS to acquire Centene's Illinois Medicaid/Medicare Advantage business

Dec. 2, 2019 6:51 AM ET
About: WellCare Health Plans,... (WCG)
By: Douglas W. House, SA News Editor

In connection with its merger with WellCare Health Plans (NYSE:WCG), Centene (NYSE:CNC) has agreed to divest its Medicaid and Medicare Advantage businesses in the state of Illinois to CVS Health (NYSE:CVS) for an undisclosed sum.

Centene will retain its IlliniCare Medicare-Medicaid Alignment Initiative business and IlliniCare's statewide YouthCare foster care contract that will commence in February 2020. Its Ambetter business in the state will also be unaffected.
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