M&A Deal Summary

Centene Acquires UMDNJ University Health Plan

On August 5, 2002, Centene acquired insurance company UMDNJ University Health Plan from University of Medicine and Dentistry of New Jersey

Acquisition Highlights
  • This is Centene’s 1st transaction in the Insurance sector.
  • This is Centene’s 1st transaction in the United States.
  • This is Centene’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2002-08-05
Target UMDNJ University Health Plan
Sector Insurance
Buyer(s) Centene
Sellers(s) University of Medicine and Dentistry of New Jersey
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Centene

St. Louis, Missouri, United States

Category Company
Founded 1984
Sector Insurance
Employees67,700
Revenue 154.0B USD (2023)
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 1 of 21
Sector (Insurance) 1 of 5
Type (Divestiture) 1 of 5
State (New Jersey) 1 of 1
Country (United States) 1 of 19
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-30 Family Health Plan

Toledo, Ohio, United States

Family Health Plan, Inc. is a health care services company.

Buy $7M

Seller(S) 1

SELLER

University of Medicine and Dentistry of New Jersey

Newark, New Jersey, United States

Category Company
Founded 1964
Sector Healthcare Services
DESCRIPTION

University of Medicine and Dentistry of New Jersey, a managed health plan serving approximately 50,000 Medicaid members in 15 counties throughout New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1