Centene Corp.

NYSE:CNC   1:32:03 PM EDT
84.87
-2.34 (-2.68%)
Mergers / Acquisitions

Centene Signs Definitive Agreements To Divest Two Pharmacy Businesses In Separate Transactions

Published: 05/05/2022 13:15 GMT
Centene Corp. (CNC) - Centene Signs Definitive Agreements to Divest Two Pharmacy Businesses in Separate Transactions.
Centene Corp - Centene to Sell Magellan Rx to Prime Therapeutics.
Centene Corp - Centene to Sell Pantherx to Vistria Group, General Atlantic, and Nautic Partners.
Centene Corp - Centene Expects to Receive Aggregate Proceeds of Approximately $2.8 Billion.
Centene Corp - Centene Intends to Use Majority of Net Proceeds From Sales to Repurchase Stock and Balance to Reduce Debt.
Centene Corp - Each of Deals is Expected to Be Neutral to Slightly Accretive to Centene's Adjusted Earnings per Share in 12-month Period Post-closing.