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Recent Acquisitions Are Positioning This Healthcare Stock to Shine


Image source: Getty Images.
Scaling via acquisitions, diversification, and technology
Centene s growth story gained speed beginning in 2016 with its $6.8 billion acquisition of Healthnet, Inc., which vaulted the combined entity into the number one spot among Medicaid insurance providers. That was followed closely by Centene s $3.75 billion purchase of Fidelis Care in 2018, which gave the company access to the New York State territory, a top four marketplace for government-sponsored health services.
2020 was even busier, and brought a huge milestone for the company. Centene gained entry into the lucrative specialty pharmacy sector with its purchase of PantherRx, a niche provider of orphaned drugs and rare disease medications. ....

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