Kansas denies UCare's bid for Medicaid contract [Yahoo! Finance]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: Yahoo! Finance
In results announced this month , Kansas officials gave low marks to the Minneapolis-based HMO's bid on a contract to manage care for beneficiaries within the state's Medicaid program. They recommended contract awards for Minnetonka-based UnitedHealthcare, a division of Missouri-based Centene Corp., and a partnership between two Blue Cross and Blue Shield health insurers. UCare's bid for growth in Iowa suffered a similar fate in August 2022, when state Medicaid officials opted to hire two for-profit health insurance companies , rather than the nonprofit UCare. "We are disappointed by the KanCare results, but knew that competing against established plans in Kansas would be extremely challenging," UCare said in a statement to the Star Tribune. "In our view, every [request for proposals] opportunity is a valuable learning experience and building block for eventual success." With nearly 1,200 employees, UCare is Minnesota's fifth largest nonprofit group. The insurer was founded in
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- Centene Co. (NYSE: CNC) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $90.00 price target on the stock.MarketBeat
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CNC
Earnings
- 4/26/24 - Beat
CNC
Sec Filings
- 5/29/24 - Form 8-K
- 5/24/24 - Form 4
- 5/24/24 - Form 3/A
- CNC's page on the SEC website