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Centene closes acquisition of Fidelis Care assets

Following federal and state regulatory approvals, Centene Corp. has completed its $3.75 billion deal for substantially all of the assets of Fidelis Care.

The New York-based company known as New York State Catholic Health Plan Inc. will add 1.3 million Medicaid members to Centene in the state. The company also holds about a quarter of New York's Affordable Care Act members.

Centene sought the acquisition in 2017 to expand its public managed care portfolio in the Empire State.