Centene Completes Acquisition of Apixio
ST. LOUIS, Dec. 8, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced that it has completed its acquisition of Apixio, a healthcare analytics company offering Artificial Intelligence (AI) technology solutions. With this transaction, Centene will continue to digitize the administration of healthcare and accelerate innovation and modernization across the enterprise.
"We are pleased to have completed our acquisition of Apixio, further solidifying our position as a technology company focused on healthcare," said Michael F. Neidorff, Chairman, President and Chief Executive Officer for Centene. "I would like to officially welcome the Apixio team to the Centene family and look forward to working together to leverage comprehensive data to help improve the lives of our members."
As previously announced, Apixio will remain an operationally independent entity as part of Centene's Health Care Enterprises group to continue bringing value to its clients and the industry, while also realizing the benefits of enhanced scale with Centene.
About Centene Corporation
Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners.
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This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs.
SOURCE Centene Corporation
Released December 8, 2020