Centene closer to closing Health Net deal after regulatory approvals

Centene Corp., the St. Louis-based managed care provider, has received regulatory approval from two California state agencies for its acquisition of Health Net, a Los Angeles-based health insurer.

Centene on Tuesday got the OK from the California Department of Managed Health Care and the California Department of Insurance.

The St. Louis company said in a press release after the first approval was announced that it planned “to close the transaction shortly” after receiving the second agency’s blessing.

The $6.3 billion deal, initially announced in July, would more than double Centene’s customer base to about 10.4 million members.

Read more: St. Louis Post-Dispatch


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