Centene CEO: 'The time was right' to buy WellCare for $15 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

Centene CEO Michael Neidorff defends his company's acquisition of WellCare Health Plans telling Jim Cramer some opportunities 'don't come back around.'

Centene CEO Michael Neidorff on Wednesday told CNBC his company's $15 billion acquisition of WellCare Health Plans"made more sense than I've seen in a long time."

WellCare is a government-sponsored managed care company, while Centene services government-sponsored health care programs for uninsured people. Neidorff also gave a nod to Apple and its health-focused wearable technologies, which he said is"heading in the right direction."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in HEALTH

Health Health Latest News, Health Health Headlines