Centene to buy 68% stake in home health care provider for $200M

|About: Centene Corporation (CNC)|By:, SA News Editor

Centene (CNC) agrees to acquire a ~68% interest in U.S. Medical Management, a provider of in-home health services, for $200M in cash and stock as it continues to expand its stable of services.

In conjunction with the deal, CNC also is forming a new healthcare enterprise holding company that will connect it and other health solution providers.

CNC expects the deal to add $0.02-$0.05 to EPS next year and $0.20-$0.25 in 2015, and add annual revenue of $220M-$240M.