Centene Corp. has signed an agreement to acquire Agate Resources Inc., an Oregon-based health care holding company, according to a Centene news release.
The deal is expected to close in the third quarter, pending regulatory approval. Financial terms were not disclosed.
Agate owns Trillium Community Health Plan Inc., a subsidiary that provides Medicaid services and coverage to Medicare beneficiaries. Trillium also offers plans through the Cover Oregon health insurance marketplace and currently serves about 90,500 members through its providers.
Agate CEO Terry Coplin and the rest of the company’s management team will continue to oversee Agate’s operations, a news release said.