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Centene拟议收购麦哲伦健康公司获得加州监管机构有条件的点头
2021-12-31 05:02
04:00 PM EST, 12/30/2021 (MT Newswires) -- Centene's (CNC) proposed acquisition of health care company Magellan Health (MGLN) secured the California Department of Managed Health Care's approval with certain conditions.
The state regulatory body governing managed health care plans said Thursday the conditions are meant to prevent the acquisition from adversely affecting enrollees or the stability of California's health care delivery system.
They include Magellan's continued market presence in the state and Magellan unit Human Affairs International of California continuing to offer behavioral health services at the same rates for at least two years. The companies are also expected to help keep health care costs in check and minimize premium rate increases.
Health insurer Centene on Jan. 4 agreed to buy Magellan for a total enterprise value of $2.2 billion, expecting the deal to close in H2.
Centene's shares were down 0.5% in late regular-hours afternoon trading, while Magellan stock was trading 0.1% higher.
Price: 83.80, Change: -0.43, Percent Change: -0.50
