M&A Deal Summary

Centene Acquires Health Net

On July 2, 2015, Centene acquired insurance company Health Net for 6.8B USD

Acquisition Highlights
  • This is Centene’s 4th transaction in the Insurance sector.
  • This is Centene’s 2nd largest (disclosed) transaction.
  • This is Centene’s 13th transaction in the United States.
  • This is Centene’s 2nd transaction in California.

M&A Deal Summary
Date 2015-07-02
Target Health Net
Sector Insurance
Buyer(s) Centene
Deal Type Add-on Acquisition
Deal Value 6.8B USD
Advisor(s) J.P. Morgan Securities (Financial)
Morgan Lewis
Robbins (Legal)

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 13 of 21
Sector (Insurance) 4 of 5
Type (Add-on Acquisition) 8 of 14
State (California) 2 of 3
Country (United States) 13 of 19
Year (2015) 3 of 3
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Agate Resources

Eugene, Oregon, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Community Medical Group

North Miami Beach, Florida, United States

Community Medical Holdings Corp. is a provider of primary care physician services primarily to Medicaid eligible patients. Community Medical Holdings Corp. was established in 2002 and is based in North Miami Beach, Florida.

Buy -
Mergr

Product

Company

Legal