Centene Announces Deal to Acquire Competing Provider Wellcare

Health insurer Centene on Wednesday announced an agreement to buy Wellcare, another insurer, in a $15.3 billion deal, The New York Times reports. The move will position Centene to become the largest provider for government-sponsored health care plans in the United States, including through Medicare Advantage and state insurance marketplaces. The deal is expected to close by June 30 next year.

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