Centene
Centene is a managed care and health care corporation that operates and serves both government sponsored and privately insured health care programs. In recent years, Centene has seen tremendous revenue growth in serving the Affordable Care Act’s individual insurance markets. As a result of the coronavirus pandemic and President Biden’s expansion of the ACA, that growth is expected to continue. In January of 2021, Centene and Magellan Health signed a definitive merger agreement for upwards of $2.2 billion. The acquisition brings 5.5 million new members on government sponsored plans under Centene’s aegis, bolstering an area that already served as a significant source of revenue for the company.
Company Information
As of 3/29/23
Country
U.S.
Headquarters
St. Louis
Industry
Health Care: Insurance and Managed Care
CEO
Sarah M. London
Website
Company Type
Public
Ticker
CNC
Revenues ($M)
$144,547
Profits ($M)
$1,202
Market Value ($M)
$36,880
Employees
74,300
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
America's Most Innovative Companies
Sector
Health Care
Culture rank
163
Process rank
125
Product rank
138
World's Most Admired Companies
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Contracted Services
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Company Info
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Change the World
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Health Care
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Beat S&P 500 3 Yr Return (14.2%)
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Lists ranking Centene
Latest news for Centene
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