M&A Deal Summary

Centene Acquires Celtic Group

On March 18, 2008, Centene acquired insurance company Celtic Group for 80M USD

Acquisition Highlights
  • This is Centene’s 2nd transaction in the Insurance sector.
  • This is Centene’s 5th largest (disclosed) transaction.
  • This is Centene’s 7th transaction in the United States.
  • This is Centene’s 1st transaction in Illinois.

M&A Deal Summary
Date 2008-03-18
Target Celtic Group
Sector Insurance
Buyer(s) Centene
Deal Type Add-on Acquisition
Deal Value 80M USD
Advisor(s) Goldman Sachs (Financial)

Target

Celtic Group

Chicago, Illinois, United States
Celtic Group, Inc., the parent company of Celtic Insurance Company, is a nationwide health insurance carrier based in Chicago, Illinois that provides health insurance to individual customers and their families.

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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 7 of 21
Sector (Insurance) 2 of 5
Type (Add-on Acquisition) 3 of 14
State (Illinois) 1 of 1
Country (United States) 7 of 19
Year (2008) 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-21 US Script

Fresno, California, United States

US Script, Inc. is a pharmacy benefits manager (PBM) and processes pharmacy claims via its proprietary claims processing software.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Specialty Therapeutic Care Holdings

Orlando, Florida, United States

AcariaHealth is a specialty pharmacy headquartered in Orlando, FL. The company is committed to providing unparalleled service to patients with complex and costly diseases such as Hepatitis C, rheumatoid arthritis, multiple sclerosis, cystic fibrosis and cancer.

Buy -
Mergr

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