M&A Deal Summary

Centene Acquires Agate Resources

On January 26, 2015, Centene acquired insurance company Agate Resources

Acquisition Highlights
  • This is Centene’s 3rd transaction in the Insurance sector.
  • This is Centene’s 12th transaction in the United States.
  • This is Centene’s 1st transaction in Oregon.

M&A Deal Summary

Date 2015-01-26
Target Agate Resources
Sector Insurance
Buyer(s) Centene
Deal Type Add-on Acquisition

Target

Agate Resources

Eugene, Oregon, United States
website
Agate Resources, Inc. is a diversified holding company that offers an array of healthcare products and services to Oregon residents.

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Buyer(S) 1

Buyer

Centene

St. Louis, Missouri, United States

website


Category Company
Founded 1984
Sector Insurance
Employees74,300
Revenue 126.0B USD (2021)
DESCRIPTION
Centene's corporate headquarters in St. Louis, Missouri.
Centene's corporate headquarters in St. Louis, Missouri.

Centene is a diversified, multi-national healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Centene provides member-focused services through locally based staff by assisting in accessing care, coordinating referrals to related health and social services and addressing member concerns and questions. Centene also provides education and outreach programs to inform and assist members in accessing quality, appropriate healthcare services. Centene was incorporated in 1984 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 12 of 21
Sector (Insurance) 3 of 5
Type (Add-on Acquisition) 7 of 14
State (Oregon) 1 of 1
Country (United States) 12 of 19
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Health Through Friendship

Bethesda, Kansas, United States

Health Through Friendship, Inc. (dba LiveHealthier, Inc.) is a provider of health management programs for individuals and corporations in the United States and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Health Net

Woodland Hills, California, United States

Health Net, Inc. is a health care company. The company’s health plans and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs.

Buy $6.8B