8-KOther EventsExhibits & Filings

CENTENE CORP 8-K Report, Corporate Update (Apr 30, 2018)

Filed April 30, 2018For Securities:CNC

Summary

Centene Corporation (CNC) has filed an 8-K report on April 30, 2018, to provide investors with unaudited financial information related to its previously announced acquisition of certain assets of New York State Catholic Health Plan, Inc. (d/b/a Fidelis Care New York) and related financing. This filing includes the standalone financial statements of Fidelis as of March 31, 2018, and for the three-month periods ended March 31, 2018 and 2017. Additionally, it presents unaudited pro forma condensed combined financial information illustrating the estimated impact of this acquisition on Centene's financial position and results for the year ended December 31, 2017, and the three months ended March 31, 2018. Investors should pay close attention to these exhibits as they offer a glimpse into the financial health of the target company, Fidelis, and the potential financial ramifications of the integration into Centene. The pro forma statements are crucial for understanding the combined entity's performance and financial standing as if the acquisition had already occurred, providing a forward-looking perspective on Centene's growth strategy and financial outlook post-acquisition.

Key Highlights

  • 1Centene Corporation is providing unaudited financial statements for Fidelis Care New York as of March 31, 2018, and for the three-month periods ended March 31, 2018 and 2017.
  • 2The filing includes unaudited pro forma condensed combined financial information for Centene, reflecting the estimated impact of the Fidelis acquisition.
  • 3The pro forma information covers the year ended December 31, 2017, and the three months ended March 31, 2018.
  • 4These documents are intended to illustrate the estimated effects of the previously announced acquisition of certain assets of Fidelis and related financing transactions.
  • 5The filing is made under Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) of the 8-K report.
  • 6Exhibit 99.1 contains the standalone financial statements of Fidelis Care New York.
  • 7Exhibit 99.2 contains Centene's unaudited pro forma condensed combined financial information and explanatory notes.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with unaudited financial statements of Fidelis Care New York and unaudited pro forma condensed combined financial information that illustrate the estimated effects of Centene's acquisition of certain assets of Fidelis and related financing.

The filing includes the unaudited consolidated financial statements of Fidelis Care New York as of March 31, 2018, and for the three-month periods ended March 31, 2018, and March 31, 2017.

The unaudited pro forma condensed combined financial information shows the estimated combined financial position and results of operations of Centene Corporation and the acquired assets of Fidelis Care New York, as if the acquisition had already occurred. It covers the year ended December 31, 2017, and the three months ended March 31, 2018.

No, the financial statements and pro forma information included in this filing are unaudited.