✦ Having now satisfied all necessary regulatory requirements, Centene Corp. and WellCare Health Plans, Inc. closed their $17 billion deal on Jan. 23. Centene is the country’s largest managed Medicaid insurer and the biggest player on the Affordable Care Act exchanges, and the acquisition of WellCare will increase its footprint in the Medicare Advantage market. Centene now serves more than 24 million members across all 50 states, according to a press release. With the completion of the transaction, the divestitures of Centene’s Illinois Medicaid and Medicare Advantage plans, WellCare’s Missouri Medicaid and Medicare Advantage plans and WellCare’s Nebraska Medicaid plan have also closed, the companies noted.
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