Centene $15.27 billion acquisition of WellCare Health Plans

Overview:

• Centene has acquired fellow health insurer WellCare Health Plans in a $15.27 billion deal. 
• The new entity will serve 22 million members. 
• Barclays provided Centene with $8.35 billion in credit facilities to help finance the deal. 
• Allen & Company, Barclays, Evercore and JP Morgan Securities acted as financial advisers for Centene while Goldman Sachs advised WellCare. 
• The transaction is expected to close in the first half of 2019. 

Kurt Stumpo - US Editor