Centene Corporation

Centene Corporation

Centene Corporation

Overview
Date Founded

1984

Headquarters

7700 Forsyth Boulevard, Centene Plaza, St. Louis, MO, 63105, USA

Type of Company

Public

Employees (Worldwide)

56.6K

Industries

Insurance: Life & Health
Hospitals & Patient Services

Company Description

Centene Corp. engages in the provision of programs and services to government sponsored healthcare programs. It operates through the following segments: Managed Care and Specialty Services. The Medicaid Managed Care segment provides health plan coverage to individuals through government subsidized programs through Medicaid. The Specialty Services segment offers healthcare services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company was founded in 1984 and is headquartered in St. Louis, MO.

Contact Data
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Executives & Employees

Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Chief Operating Officer & Executive Vice President

Secretary, Senior Vice President & General Counsel

Chief Information Officer & Executive Vice President

Chief Business Development Officer & Executive Vice President

Senior Vice President, Corporate Controller & Chief Accounting Officer

Chief Communications Officer & Senior Vice President

Chief Medical Officer & Executive Vice President

Executive Vice President

Board of Directors

Chief Executive Officer at Centene Corporation

Chairman & Chief Executive Officer at Stewart Information Services Corp.

Founder at Gephardt Group

Former Governor of Wisconsin

Co-Founder at World Wide Technology, Inc.

Vice Chairman at Monmouth College Alumini Association

Founder at James Dallas & Associates

Nonresident Senior Fellow-Foreign Policy, Center for 21st Century Security & Intelligence at The Brookings Institution

Former Independent Consultant & Executive Director at Progress Energy, Inc.

Former President & Chief Operating Officer at UnitedHealth Group, Inc.

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Centene Corporation
Owners & Shareholders
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CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm utilizes fundamental research to gather in-depth information on markets and companies around the world. They also employ a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Lyrical Asset Management begins with a universe of the top 1,000 US stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.

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VGI performs fundamental analysis to select investments primarily in equity securities, but also in private equity and other financial instruments. The firm invests in companies around the world that operate in a wide range of industries. They use leverage to magnify the effects of its investment selections. In their fundamental approach to investment selection for the funds, VGI generally performs a number of tasks that may include the following: detailed review of a company's products and services; market analyses to estimate the size of the future market for such products and services; interviews with a company's management team; discussions with a company's current and potential customers and competitors; consultation with industry experts; and where appropriate, a review of the macroeconomic, regulatory and technological dynamics affecting a company's prospects. They may also discuss their investment research and analysis with other industry participants. They also analyzes a company's financial information, paying particular attention to its assets, return on capital, consistency of earnings growth, organic revenue growth and free cash-flow generation.

Recent Transactions
Details Hidden

Centene Corporation purchases WellCare Health Plans, Inc.

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CVS Health Corp. purchases Illinicare Health Plan Inc/ Medicaid & Medicare Adv Bus from Centene Corporation

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Centene Corporation purchases Ribera Salud SA

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onCentene Corporation purchases Celtic Group, Inc.

Investment Advisor

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Accountant

Advised onCentene Corporation purchases Swope Community Enterprises /Health Insurance Svcs (2) from SWOPE Community Enterprises

Chair, Latin America Practice

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Legal Advisor

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Legal Advisor

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Advisors & Consultants
Consultant

Senior Vice President of Customer Strategy, Sales & Marketing at NES Rentals Holdings, Inc.

Legal Advisor

Partner at Paul Hastings LLP

Advisor

Executive Director at Association of University Centers On Disabilities

Clients

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

The government of Florida is established and operated according to the Constitution of Florida and is composed of three branches of government: the executive branch consisting of the Governor of Florida and the other elected and appointed constitutional officers; the legislative branch, the Florida Legislature, consisting of the Senate and House; and the judicial branch consisting of the Supreme Court of Florida and lower courts. The state also allows direct participation of the electorate by initiative, referendum, and ratification.

Key Stats and Financials As of 2019
Market Capitalization
$33.1B
Total Enterprise Value
$41.1B
Earnings Per Share
$3.14
Revenue
$74.6B
Total Equity
$12.7B
Net Profit
$1.32B
Enterprise Value Sales
0.55x
TEVNet Income
31.1x
Total Debt
$14.5B
Debt TEV
0.35x
Five Year Compounded Annual Growth Rate Of Revenue
35.14%
Three Year Compounded Annual Growth Rate Of Revenue
22.5%
Non-Profit Donations & Grants
Political Donations
$1,500
2014
$500
2014
$2,000
2014
Investments
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U.S. Medical Management LLC provides management, administrative and support services. It services to the visiting physicians association (VPA) patients, Health Plans, home health and hospice agencies, independent and assisted living facilities, and hospital and skilled nursing facilities. The company was founded on October 23, 2009 and is headquartered in Troy, MI.

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Quartet Health, Inc. provides software and solutions for behavioral health providers and patients. Its suite of products enables a proven model that integrates care for patients with chronic medical and behavioral health conditions. The firm has developed a secure, cloud-based technology platform that addresses the problem of access to behavioral health care resources. The company was founded by Arun Gupta and Steven J. Shulman in 2014 and is headquartered in New York, NY.

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RubiconMD, Inc. provides health management solutions. It offers solutions to connect primary care providers to specialists for additional guidance and opinions on medical cases. The company was founded by Gill Addo, Carlos Reines, and Julien Pham in 2013 and is headquartered in New York, NY.

Investors
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Greylock Management Corp. focuses on seed, early and later stage venture capital investments in companies operating in the following areas: (1) consumer technology and Internet (2) enterprise information technology. The firm also considers outstanding opportunities in other areas. Greylock seeks to partner with management in building companies that have the potential to become industry leaders. They prefer to build around an outstanding entrepreneurial leader or team with market vision and a powerful technology and market vision. Greylock focuses on investments in capital-efficient businesses in which high barriers to competitive entry can be developed. The firm prefers to invest in opportunities in which they serve as a company's first outside capital investor.Greylock consists of 4 main entities: the Greylock XIV, the Greylock XIII, the Greylock Growth Fund and the Greylock Discovery Fund. The Greylock XIII is the firm's core fund, focusing on conventional early-stage investments in the $1 million to $20 million range. The Greylock Growth Fund is a fund within Greylock's core fund which focuses on later-stage investments. The Discovery Fund focuses on small, angel investments.

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Founded by George Soros in 1973, Soros Fund Management LLC is a hedge fund manager located in New York City. Since 2011 the firm primarily manages the assets of the Soros family.

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Camden Partners Private Equity:Camden Partners invests in lower middle market companies located in the US with an enterprise value of $25 - $250 million. The fund focuses on companies with positive cash flow, recurring revenue, low leverage, revenues of $10 million to $100 million and EBITDA up to $10 million. It targets companies operating in the fields of biomedical technology education, healthcare and business services. It provides financing for acquisitions, recapitalizations and growth stage capital requirements. It acquires controlling interests and takes a seat on the board of directors.It also provides financing that combines debt with warrants and with various types of preferred securities and also invest in micro-cap public companies.Camden Partners Nexus Strategy:Camden Partners Nexus Fund LP seeks investment opportunities in companies located in the US. The fund targets companies operating in the fields of technology services. It provides financing for seed-stage capital requirements and invests $500,000 to $2,500,000.

Suppliers
Catasys, Inc. Medical Support Services | Los Angeles, CA

Catasys, Inc. provides data analytics based specialized behavioral health management and integrated treatment services to health plans. It offers services through its platform OnTrak solution which is designed to improve member health and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The company was founded by Terren S. Peizer in February 2003 and is headquartered in Santa Monica, CA.

International Bancshares Corp. Retail & Commercial Banking | Laredo, TX

International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. It also offers other related services, such as credit cards, travelers' checks, safety deposit, collection, notary public, escrow, drive-up and walk-up facilities and other customary banking services. The company was founded in 1979 and is headquartered in Laredo, TX.

Cenveo, Inc. Equipment & Office Supplies | Stamford, CT

Cenveo is a world leader in the management and distribution of print and related offerings. We’re a $2-billion company with a long history of delivering top value for our customers. Headquartered in Stamford, Connecticut, our company encompasses more than two dozen entities in over 100 facilities across the U.S., as well as manufacturing operations in Asia, South America and Central America.

Awards & Honors
Rank #124
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #124
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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