trending Market Intelligence /marketintelligence/en/news-insights/trending/gt7qzj2bsgrb11tnl1sxia2 content esgSubNav
In This List

Centene to acquire healthcare services provider

Blog

Insight Weekly: SVB fallout limited; US rents up; renewable natural gas investments flow in

Blog

A Cloud Migration Plan for Corporations featuring Snowflake®

Blog

Investor Activism Campaigns Hit Record High in 2022

Blog

Essential IR Insights Newsletter - February 2023


Centene to acquire healthcare services provider

Centene Corp. has agreed to acquire MHM Services Inc.

Under the terms of the agreement, Centene will acquire 100% of the stock of MHM, including its 49% ownership of Centurion, the correctional healthcare services joint venture between Centene and MHM.

MHM adds two new states to Centene's portfolio and expands Centurion's existing seven state correctional footprint to 14 states. Centene intends to fund the purchase price with a combination of cash and stock. The deal is expected to be accretive to earnings in the first 12 months.

The transaction is expected to close in the first quarter, subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, approval by MHM stockholders and other customary closing conditions.