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News Briefs

May 20, 2019

✦ A federal judge has ordered up to three days of hearings starting June 4 to determine whether CVS Health Corp. may finalize its $69 billion acquisition of Aetna Inc. Judge Richard Leon of the U.S. District Court for the District of Columbia, who said he wants to hear testimony on the transaction before deciding whether to sign off on the Department of Justice-approved agreement, has selected six witnesses, reports HealthLeaders. They include a health policy professor proposed by the American Medical Association (AMA); representatives of the American Antitrust Institute, AIDS Healthcare Foundation and economic consulting firm NERA; and officials from both CVS and Aetna.

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Is Centene Weighing How to Create More Value via Humana?

May 13, 2019

Speculation over what comes next in managed care merger and acquisition activity took an interesting turn on May 6 when Reuters reported that two hedge fund stakeholders in Centene Corp may challenge its planned $17.3 billion acquisition of WellCare Health Plans, Inc. (HPW 4/1/19, p. 1) and push Centene to explore possible suitors such as Humana Inc. Then came reports that Humana would indeed be interested in buying Centene if it were to squelch its deal with WellCare. In a swift response, Centene affirmed its intent to buy WellCare, persuading most Wall Street analysts that a Humana/Centene deal is unlikely — though Humana refused comment on rumor as a matter of long-standing policy.

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U.S. Measles Outbreak Spurs Rash of Health Plan Outreach

May 13, 2019

Confronting the worst measles outbreak in the U.S. in a quarter century, some health care organizations are taking innovative steps. Mount Sinai and NYU Langone health systems, whose provider networks cover two epicenters in New York City and neighboring Rockland County, N.Y., have built alerts into their electronic medical record systems to notify doctors and nurses if a patient lives in an outbreak area, based on their ZIP code, Reuters reports. Health plans, too, are taking proactive steps related to vaccinating and educating members on the highly contagious illness following its resurgence.

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Centene CEO Neidorff Tops List Of Highest-Paid Insurer Execs

with Chart: Total Compensation for Publicly Traded Health Insurer CEOs in 2018

May 13, 2019

Centene Corp. CEO Michael Neidorff was the top-paid publicly traded health insurer CEO in 2018, easily winning the No. 1 slot for the fifth year in a row with total compensation of $26.12 million (see table, p. 4). Neidorff, who has been CEO of Centene for more than two decades, received around $9 million in non-equity compensation and an additional $17 million in stock awards. Overall, his compensation increased 3.4% compared to 2017, when he received $25.26 million.

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Health System Executives See Softening in M&A Trend

May 13, 2019

by Jinghong Chen A recent survey of health care provider executives shows that while merger and acquisition activity remained robust last year, it may show indications of a slowdown, according to the 2019 HealthLeaders Mergers, Acquisitions, and Partnerships Survey conducted by the HealthLeaders Intelligence Unit. The analysis of 154 completed surveys of executives of health […]

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