8-KOther EventsExhibits & Filings

CENTENE CORP 8-K Report, Corporate Update (Mar 26, 2018)

Filed March 26, 2018For Securities:CNC

Summary

Centene Corporation (CNC) has filed an 8-K report on March 26, 2018, primarily to disclose the audited consolidated financial statements for New York State Catholic Health Plan, Inc. (d/b/a Fidelis Care New York, or "Fidelis"). This filing is significant as it provides investors with the financial performance of Fidelis for the fiscal years ended December 31, 2017, and 2016. The inclusion of these statements, incorporated by reference as Exhibit 99.1, is crucial for understanding the financial health and operational results of this acquired or soon-to-be-acquired entity, which will likely impact Centene's overall financial standing and future growth prospects. Investors should pay close attention to the revenues, expenses, profitability, and any specific disclosures within the Fidelis financial statements. This information will be key to assessing the strategic rationale and financial accretion of the Fidelis transaction for Centene. The report also includes the consent of Deloitte & Touche LLP, the independent auditors for Fidelis, further validating the financial data presented.

Key Highlights

  • 1Centene Corporation (CNC) filed an 8-K on March 26, 2018.
  • 2The filing includes audited consolidated financial statements for Fidelis Care New York (Fidelis) for the years ended December 31, 2017, and 2016.
  • 3These financial statements are incorporated by reference as Exhibit 99.1.
  • 4The filing provides key financial data for Fidelis, crucial for understanding a significant transaction for Centene.
  • 5The independent auditors for Fidelis, Deloitte & Touche LLP, have provided their consent (Exhibit 23.1).
  • 6This 8-K serves as a disclosure mechanism for the financial performance of Fidelis, relevant to Centene's business operations and potential integration.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose the audited consolidated financial statements of New York State Catholic Health Plan, Inc. (d/b/a Fidelis Care New York) for the years ended December 31, 2017, and 2016. This is typically done in connection with an acquisition or a significant business combination.

The financial statements of Fidelis Care New York are important because they provide insight into the financial performance and health of an entity that is either being acquired by Centene or has recently been acquired. This allows investors to assess the financial impact of this transaction on Centene's overall business, including its revenue, profitability, and strategic growth.

Exhibit 99.1 contains the audited consolidated financial statements of Fidelis Care New York for the fiscal years 2017 and 2016. These audited statements are crucial as they have been reviewed by independent auditors, providing a level of assurance regarding their accuracy and compliance with accounting standards.

This specific 8-K filing is primarily a disclosure of historical financial information for Fidelis. It does not appear to provide any new financial guidance, forward-looking statements, or immediate financial results for Centene Corporation itself beyond the information contained within the Fidelis financial statements.