M&A Deal Summary

Centene Acquires Family Health Plan

On September 30, 2003, Centene acquired healthcare services company Family Health Plan from Mercy Health Partners for 7M USD

Acquisition Highlights
  • This is Centene’s 1st transaction in the Healthcare Services sector.
  • This is Centene’s 9th largest (disclosed) transaction.
  • This is Centene’s 2nd transaction in the United States.
  • This is Centene’s 1st transaction in Ohio.

M&A Deal Summary

Date 2003-09-30
Target Family Health Plan
Sector Healthcare Services
Buyer(s) Centene
Sellers(s) Mercy Health Partners
Deal Type Divestiture
Deal Value 7M USD

Target

Family Health Plan

Toledo, Ohio, United States
Family Health Plan, Inc. is a health care services company.

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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 2 of 21
Sector (Healthcare Services) 1 of 14
Type (Divestiture) 2 of 5
State (Ohio) 1 of 2
Country (United States) 2 of 19
Year (2003) 1 of 1
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-05 UMDNJ University Health Plan

Newark, New Jersey, United States

UMDNJ's University Health Plan (UHP) is a managed health plan serving approximately 50,000 Medicaid members in 15 counties throughout New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-28 FirstGuard

Kansas City, Missouri, United States

FirstGuard, Inc., is a Medicaid and CHIP members company.

Buy $93M

Seller(S) 1

SELLER

Mercy Health Partners

United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Mercy Health Partners is a not-for-profit health system dedicated to improving the health of people in its communities.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1