Centene Corporation to Sell Missouri Health Plan Assets to HealthCare USA

Published on:
14 December 2006 at 08:03 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00019290-centene-corporation-to-sell-missouri-heal/

Centene Corporation today announced that it has reached a definitive agreement to sell certain assets of FirstGuard Health Plan Missouri, Inc., a wholly owned subsidiary of Centene, to HealthCare USA of Missouri, LLC, a wholly owned subsidiary of Coventry Health Care, Inc. As of September 30, 2006, FirstGuard has 32,200 members.

The transaction is expected to be completed during the first quarter of 2007. Excluding the effect of any gain or loss on the disposition of these assets, Centene expects the effect of this transaction to be neutral to $0.02 accretive to 2007 earnings per share.