Speculation Grows With Ascension In Acquisition Mode

Shares of insurers WellCare and Clayton-based Centene rose after an analyst at Leerink speculated that one of the two may be an acquisition target for St. Louis-based Ascension Health, the nation’s third-largest health care system. Behind the speculation: Modern Healthcare, a trade publication, reported May 22 that Ascension Health President and CEO Robert Henkel said that his nonprofit healthcare provider is in talks to acquire an insurance company.

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