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Centene Corp

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  • More than a third of the U.S. population has health coverage through an insurer that either wants to make a huge acquisition or is about to be swallowed up in one. Aetna laid out a plan on Friday to spend around $35 billion to buy the Medicare Advantage provider Humana Inc. That came a day after Centene Corp. and Health Net Inc. announced a smaller deal and a couple of...

  • Aetna aims to spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul. Aetna's acquisition of Humana would make it the largest provider of Medicare Advantage coverage, with 4.4 million members, a figure that could change depending on...

  • July 3- Health insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. Antitrust authorities, who were aggressive in...

  • Health Net and BP are big market movers Thursday, 2 Jul 2015 | 4:29 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Health Net Inc., up $6.51 to $71.57. The managed health care services company is being bought by Medicaid coverage provider Centene Corp. for about $6.3 billion.

  • *IMF warns Greece needs debt extension. July 2- U.S. stocks extended losses on Thursday after the International Monetary Fund warned Greece may need a large debt writeoff, and muted U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar...

  • US STOCKS-Wall St turns negative as IMF warns on Greece Thursday, 2 Jul 2015 | 12:13 PM ET

    *IMF warns Greece needs debt extension. July 2- U.S. stocks turned negative after the International Monetary Fund warned Greece may need a further large debt writeoff, and weak U.S. jobs data dampened the economic outlook. "The market seems to be paying more attention to what may happen with Greece as well as whether or not wage growth will pick up," said Omar Aguilar,...

  • China stocks plunge as market rout deepens Thursday, 2 Jul 2015 | 10:25 AM ET

    NEW YORK— Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend. Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates.

  • July 2- U.S. stocks rose on Thursday after data showed job growth slowed in June, indicating that the U.S. If anything, it buys the Fed a little more time before the first rate hike, "said Wilmer Stith, a fixed income portfolio manager at Wilmington Trust in Baltimore. The Fed has kept short-term rates near zero since December 2008, resulting in reduced borrowing costs...

  • Centene makes $6.3B bid for fellow insurer Health Net Thursday, 2 Jul 2015 | 7:50 AM ET

    The deal announced Thursday gives St. Louis- based Centene a chance to expand in two hot growth areas for health insurers, the state- and federally-funded Medicaid program for the poor and people with disabilities; and the federally-supported Medicare Advantage program, which has seen its overall enrollment triple over the past decade. Centene said the Health...

  • US STOCKS-U.S. futures rise ahead of jobs data Thursday, 2 Jul 2015 | 7:33 AM ET

    July 2- U.S. stock index futures rose slightly on Thursday ahead of a critical job report that could feed into the U.S. *The Labor Department's closely watched report, normally issued on a Friday, will be released on Thursday at 8:30 a.m ET because of the Independence Day holiday. *European stock markets were in a limbo and the mood was one of caution with Greece just...

  • Lightning Round: Too much competition in this Friday, 20 Mar 2015 | 7:44 PM ET
    Mad Money Lightning Round

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Insurers are benefiting from increased number of patients, aided by an expansion of Medicaid, a federal health insurance program for lower-income people that is administered by the states, under Obamacare. WellCare members under the Medicaid health plans increased 31 percent to 2.3 million in the fourth quarter ended Dec. 31, helped by additions in Florida,...

  • The busier-than-normal flu season has resulted in some U.S. insurers such as Centene Corp and Humana Inc flagging cost concern. We are disappointed with our fourth quarter earnings due to the effect of the early and more severe flu season on our Medicaid business, "WellCare Chief Executive Kenneth Burdick said in a statement on Wednesday.

  • Feb 3- Health insurer Centene Corp posted a better-than-expected quarterly profit as it added more Medicaid members under Obamacare. Premium and service revenue rose 54 percent to $4.42 billion in the fourth quarter as Centene expanded in Florida, Ohio, Washington, Texas and Illinois. Centene's managed care membership rose 41 percent to 4.1 million in the...

  • Feb 3- Health insurer Centene Corp's quarterly profit more than doubled as it added more Medicaid members under Obamacare. Centene's net profit rose to $107 million, or $1.76 per share, for the fourth quarter ended Dec. 31, from $53 million, or 93 cents per share, a year earlier. Total revenue rose 61 pct to $4.73 billion.

  • Flu boosts drug store sales, but others take a hit Wednesday, 7 Jan 2015 | 10:24 AM ET
    A woman receiving a flu vaccination in San Pablo, Calif.

    This year’s flu season is shaping up to be as bad as expected. That's good news for drug stores, but insurers and others could suffer.

  • Bad flu season: A prescription for growth? Wednesday, 10 Dec 2014 | 8:16 AM ET
    A mam receives an influenza shot from a Nurse Practitioner in the MinuteClinic at the CVS/pharmacy.

    The health-care sector tends to outperform the overall market during flu season. Who else stands to gain?

  • Midday movers: Herbalife, Lennar, McDonald's & More Tuesday, 22 Jul 2014 | 1:07 PM ET
    Trader on the floor of the New York Stock Exchange.

    Some of Tuesday's midday movers:

  • Why it may be harder to get customized drugs Thursday, 3 Jul 2014 | 12:31 PM ET
    Express Scripts Inc.'s headquarters stands in St. Louis, Missouri.

    The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.

  • Time for a hospital to buy WellCare or Centene? Tuesday, 27 May 2014 | 6:51 PM ET

    Shares of WellCare Health Plans and Centene surged Tuesday on speculation that one of the two Medicaid insurance providers could be acquired.