US health insurer Centene Corp will buy smaller rival Health Net Inc for $6.3 billion, underscoring the healthcare industry’s rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers.
The deal comes a week after the US Supreme Court upheld subsidies for individuals under President Barack Obama’s signature healthcare law, keeping a large chunk of patients intact under the Medicare and Medicaid programs.
The deal gives Centene the biggest market share among private administrators of Medicaid.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
