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Today, 7:42 AM
- Centene (NYSE:CNC) Q4 results ($M): Total Revenues: 6,302 (+33.4%); Premiums: 5,415 (+34.8%); Total Operating Expenses: 6,082 (+34.2%).
- Net Income: 111 (+3.7%); EPS: 0.90 (+2.3%); CF Ops: 658 (-46.2%).
- Health Benefits Ratio: 88.0% (-1.5%); Total Membership: 5.1M (+25.8%).
- 2016 Guidance: Total Revenues: $40.0B - 40.8B; EPS: $2.80 - 3.15; Non-GAAP EPS: $4.05 - 4.40.
Today, 6:05 AM
Yesterday, 5:30 PM
Thu, Jan. 28, 5:58 PM
Mon, Jan. 25, 6:55 PM
- Centene (NYSE:CNC) discloses that it cannot locate six hard drives in its inventory of IT assets. The files contain personal health information on ~950K patients who received laboratory services from 2009 - 2015, including name, address, date of birth, social security number, member ID and health information, but no payment or financial information.
- CEO Michael Neidorff says, "Centene takes the privacy and security of our members' information seriously. While we don't believe this information has been used inappropriately, out of abundance of caution and in transparency, we are disclosing an ongoing search for the hard drives. The drives were part of a data project using laboratory results to improve the health outcomes of our members."
- Affected individuals will be notified. The company will offer them free credit and healthcare monitoring as a precaution. It is also in the process of reinforcing and reviewing its IT asset management procedures.
- Shares are down 2% after hours on increased volume.
Mon, Jan. 25, 5:41 PM
Dec. 18, 2015, 7:06 AM
- Centene (NYSE:CNC) increases its 2015 EPS guidance (excluding Health Net merger and related costs) to $2.90 - 2.94 from $2.84 - 2.90. It reaffirms its premium and service revenues of $21.0B - 21.3B.
- 2016 Guidance (assumes Health Net deal closes on Feb. 1): Total Revenues: $41.2B - 42.0B; EPS: $2.85 - 3.15; Non-GAAP EPS: $4.10 - 4.40.
- 2015 results will be reported on February 9 before the open. The conference call will start at 8:30 am ET.
- The company will host an investor meeting today in New York beginning at 8:30 am ET.
Nov. 20, 2015, 7:11 PM
- Shares of health insurance companies rebounded today after several major insurers issued reassuring statements that their profits were on track, a day after UnitedHealth (NYSE:UNH) cut its 2015 forecast, reported deep losses from its Affordable Care Act exchange business and said it will decide next year whether it wants to continue in that market.
- Aetna (NYSE:AET) and Anthem (NYSE:ANTM) backed their profit outlooks for the year and said their individual commercial businesses were performing within expectations.
- Leerink analyst Ana Gupte reiterated Outperform ratings on AET and ANTM, saying both companies' reaffirmation of 2015 EPS guidance - $7.45-$7.55 for AET, and $10.10-$10.20 for ANTM - met her expectations.
- Molina Healthcare (NYSE:MOH) said it is seeing profits on its exchange business, and CEO Mario Molina said the company was not seeing the issues UNH had raised.
- Centene (NYSE:CNC) also backed its outlook and said its marketplace business is performing as expected.
Nov. 19, 2015, 3:01 PM
- Medical insurers and managed care providers are taking it on the chin today. UnitedHealth Group (UNH -5.5%) brought the rain with its softer earnings guidance as a result of weaker demand for individual insurance purchased through exchanges. It seems that the premium hikes, which the Affordable Care Act was supposed to curtail, are having their predictable effect.
- Previously: UnitedHealth Group down 6% on lowered guidance (Nov. 19)
- Related tickers: (AET -7.3%)(CI -5.7%)(HUM -4.2%)(CNC -9%)(ANTM -6.8%)(WCG -4.6%)(MGLN -4.4%)(HNT -5.2%)
Oct. 27, 2015, 6:05 AM
- Centene (NYSE:CNC): Q3 EPS of $0.84 beats by $0.06.
- Revenue of $5.82B (+33.8% Y/Y) beats by $50M.
Oct. 26, 2015, 5:30 PM
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Oct. 26, 2015, 7:51 AM
- At a special meeting of shareholders held on Friday, Centene (NYSE:CNC) 99% of the shares voting backed the Health Net (NYSE:HNT) merger. The affirmative votes represented 85% of all outstanding shares. Shareholders also approved the increase of authorized shares to 400M from 200M.
- Also on Friday, 97% of Health Net's voting shareholders backed the merger, representing more than 78% of all outstanding shares.
- The transaction is expected to close in early 2016.
- Previously: Centene takes out Health Net for $6.8B (July 2)
Oct. 22, 2015, 10:25 AM
- Centene's (CNC -3.1%) Sunshine Health promotes SVP of Finance Nathan Landsbaum to Chief Operating Officer effective immediately. He joined Centene in 2005 and moved to Sunshine in 2010.
Oct. 19, 2015, 3:05 AM
- Shareholders will get their say this week on two proposed health insurer mergers: Aetna's (NYSE:AET) $37B offer for Humana (NYSE:HUM), and Centene's (NYSE:CNC) $6.3B bid for Health Net (NYSE:HNT).
- Although consumer advocates have raised concerns about whether the combination will lead to less competition and higher prices, proxy advisors ISS and Glass Lewis have given both deals a thumbs-up.
- Aetna and Humana investors are scheduled to vote this afternoon and Centene and Health Net shareholders will cast their ballots on Friday.
Sep. 21, 2015, 4:55 PM
Aug. 12, 2015, 8:52 AM
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