Centene won’t follow competitors in buying up practices, CEO says

Centene does not plan to buy medical practices in an effort to keep up with its competition, CEO Michael Neidorff said during a conference call Tuesday.

The Clayton-based health insurer acquired Community Medical Group, a Miami-based medical care provider, earlier this year. But Neidorff suggested deals like that would be rare.

“We’re not out there buying all the practices we can and all the clinics that we can,” he said.

That comes as competitors like Humana and UnitedHealth Group have acquired practices and outpatient facilities in recent years in an effort to keep down the costs of care.

Read more: St. Louis Business Journal


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