8-KOther EventsExhibits & Filings

CENTENE CORP 8-K Report, Corporate Update (May 3, 2019)

Filed May 3, 2019For Securities:CNC

Summary

Centene Corporation (CNC) filed an 8-K on May 3, 2019, primarily to disclose financial information related to the acquisition of New York State Catholic Health Plan, Inc., d/b/a Fidelis Care New York ("Fidelis Care"). The filing includes unaudited consolidated financial statements for Fidelis Care as of June 30, 2018, and for the six-month periods ended June 30, 2018, and 2017. This information is crucial for investors to understand the financial performance and position of the acquired entity, which will be integrated into Centene's overall financial reporting. The disclosure provides a snapshot of Fidelis Care's financial health prior to its full integration into Centene's operations, allowing for an assessment of the acquisition's potential impact. Investors should review these financial statements to gauge the scale and profitability of Fidelis Care, assess any potential liabilities or assets, and understand how this acquisition contributes to Centene's growth strategy, particularly in the New York market. The filing signifies a key step in the post-acquisition integration process, offering transparency into the financial underpinnings of this significant business combination. While these are unaudited statements, they offer important preliminary insights into the acquired business.

Key Highlights

  • 1Centene Corp. (CNC) filed an 8-K on May 3, 2019.
  • 2The primary purpose of the filing is to provide financial information for Fidelis Care New York (Fidelis Care), a recently acquired entity.
  • 3Unaudited consolidated financial statements for Fidelis Care as of June 30, 2018, are included.
  • 4Financial data for the six-month periods ended June 30, 2018, and 2017 for Fidelis Care are also provided.
  • 5These financial statements are attached as Exhibit 99.1 and incorporated by reference into the filing.
  • 6The filing is part of the disclosure requirements following the acquisition of Fidelis Care.
  • 7Investors can use this information to assess the financial standing of the acquired Fidelis Care business.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the unaudited consolidated financial statements of Fidelis Care New York, an entity acquired by Centene Corporation. This provides investors with key financial data about the acquired business.

The filing includes Fidelis Care's unaudited consolidated financial statements as of June 30, 2018, and for the six-month periods ended June 30, 2018, and 2017.

No, the filing explicitly states that the consolidated financial statements of Fidelis Care are unaudited.

Centene is providing these financial statements as part of the disclosure requirements following the acquisition of Fidelis Care. This allows investors to understand the financial performance and position of the acquired company.