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Centene buys stake in Spanish hospital

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Centene buys stake in Spanish hospital

Centene Corp. purchased Sanitas SA de Hospitales Sociedad Unipersonal's and ASISA Asistencia Sanitaria Interprovincial de Seguros SAU's stake in Torrejón Salud SA, concessionaire of University Hospital of Torrejón de Ardoz in the Community of Madrid.

Centene will own 89% of the hospital, while its subsidiary Ribera Salud SA will take over the management.

Sanitas SA de Hospitales is part of Sanitas SA de Seguros, which is in turn a part of Bupa.