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US: Centene in $6.3 billion merger talks with Health Net

By  |  July 2, 2015

US health insurer Centene Corp will buy smaller rival Health Net Inc for $6.3 billion, underscoring the healthcare industry’s rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers.

The deal comes a week after the US Supreme Court upheld subsidies for individuals under President Barack Obama’s signature healthcare law, keeping a large chunk of patients intact under the Medicare and Medicaid programs.

The deal gives Centene the biggest market share among private administrators of Medicaid.

Full content: Bloomberg

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