Centene Mergers and Acquisitions Summary

Insurance Company

Centene has acquired 20 companies, including 7 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Centene’s largest acquisition to date was in 2019, when it acquired WellCare Health Plans for $17.3B. Centene has acquired in 12 different US states, and 2 countries. The Company’s most targeted sectors include healthcare services (64%) and insurance (27%).

Join Mergr and gain access to Centene’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity19
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 5

Centene Corp. (Centene)

Centene Plaza 7700 Forsyth Boulevard,
St. Louis, Missouri 63105
United States,
(314) 725-4477
www.centene.com

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 formed in 1984 and is based in St. Louis, Missouri.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.2/yr) # 13 - 2 1 2 1 19
vol $7.1B $17.3B $2.2B $26.6B
Sell (0.0/yr) # - - - - - - 0
  19

Most Recent M&A

Company Date Value Type
Magellan Health, Inc. 2021-01-04 2.2B USD Add-on Acquisition
Phoenix, Arizona · www.magellanhealth.com
PANTHERx Rare LLC 2020-12-15 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.pantherxrare.com
Apixio, Inc. 2020-11-09 - Add-on Acquisition
San Mateo, California · www.apixio.com
WellCare Health Plans, Inc. 2019-03-27 17.3B USD Merger
Tampa, Florida · www.wellcare.com
University Hospital Of Torrejón 2018-12-28 - Add-on Acquisition
Madrid, Spain
Community Medical Holdings Corp. 2018-03-05 - Add-on Acquisition
North Miami Beach, Florida · www.communitymedicalgroup.com
Health Net, Inc. 2015-07-02 6.8B USD Add-on Acquisition
Woodland Hills, California · www.healthnet.com
Agate Resources, Inc. 2015-01-26 - Add-on Acquisition
Eugene, Oregon · www.agateresources.net
Health Through Friendship, Inc. (dba LiveHealthier, Inc.) 2015-01-05 - Add-on Acquisition
Bethesda, Kansas · www.livehealthier.com
Fidelis SecureCare of Michigan, Inc. 2013-12-18 - Divestiture
Detroit, Michigan
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
IlliniCare Health Plan, Inc.    - IlliniCare Health Plan, Inc. - Medicaid and Medicare Advantage Business 2019-12-02 1
Westmont, Illinois · www.illinicare.com Westmont, Illinois
Sunshine State Health Plan, Inc.    - Citrus-Medicaid & Long-Term Care Assets 2010-12-01 1
Sunrise, Florida · www.sunshinestatehealth.com , United States
Absolute Total Care, Inc.    - Carolina Crescent Health Plan, Inc. 2010-06-01 1
Columbia, South Carolina · www.absolutetotalcare.com Columbia, South Carolina · www.carolinachp.com
CenCorp Health Solutions, Inc.    - OptiCare - Managed Vision Business 2006-07-13 2
St. Louis, Missouri · www.cencorphealthsolutions.com Rocky Mount, North Carolina
Buckeye Community Health Plan, Inc.    - MediPlan Corp. 2006-06-01 1
Columbus, Ohio · www.bchpohio.com Canton, Ohio

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 12 (63%) 2.4B (9%) - -
Insurance 5 (26%) 24.2B (91%) - -
Information Technology 1 (5%) - - -
Life Science 1 (5%) - - -
Total 19 $26.6B - -

By Geo

State/Country Buy Value Sell Value
United States 18 26.6B - -
  Florida 3 17.3B - -
  California 3 6.9B - -
  Ohio 2 38M - -
  Michigan 2 - - -
  Texas 1 35M - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  New Jersey 1 - - -
  Missouri 1 93M - -
  Kansas 1 - - -
  Illinois 1 80M - -
  Arizona 1 2.2B - -
Spain 1 - - -
Domestic 18 (95%) 26.6B (100%) - -
Cross-border 1 (5%) - - -
Total 19 $26.6B - -

Top M&A Advisors

Financial Deals
Allen & Company
4
Barclays Investment Bank
2
Evercore Group LLC
2
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
3

Deal Values

buy # Total
> $1B 3 $26.3B
< $100M 6 $296M
TOTAL $26.6B
Largest WellCare Health Plans, Inc.
$17.3B (2019-03-27)

M&A Connections

Deals
Acquired from
Investor(s)
16%
3 (16%)
Strategic(s)
26%
5 (26%)

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