Centene Acquires Health Net, Healthcare Providers ETF's Not Moved
/Centene announced that it will acquire its rival, Health Net, for $6.8 billion in cash & stock and assume $500 million in debt. Centene shareholders will own approximately 71% of the newly combined company, while Health Net shareholders will own about 29%. However, this deal may not be impressive enough to IHF investors with the current state of the sector's market.
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