Centene closes on $3.75 billion Fidelis Care deal

Centene, the Clayton-based health insurer, said Monday it had completed its $3.75 billion acquisition of Fidelis Care, a nonprofit health care plan run by the Catholic church in New York.

The deal was first announced in September but had to win approval from various regulators.

Centene’s core business is contracting with states to manage the care of Medicaid recipients. The Fidelis acquisition gives Centene a presence in New York, the country’s No. 2 managed care state by membership.

Centene also has a footprint in California, Florida and Texas, the other states in the top four by Medicaid enrollment.

Read more: St. Louis Business Journal, St. Louis Post-Dispatch

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