Centene Moves Higher in 2014 FORTUNE 500 Ranking
ST. LOUIS, June 2, 2014 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its position as No. 251, up from 303 last year, in FORTUNE Magazine's annual ranking of America's largest companies by revenue. The company experienced strong growth in 2013, with total revenues of $10.5 billion, up from $8.7 billion in 2012, opportunities that also broadened its geographic and product diversity.
"Centene is once again pleased to advance higher in FORTUNE's listing of the top 500 largest companies by revenue," said Centene Chairman and Chief Executive Officer Michael F. Neidorff. "This ranking exemplifies the continued success of our growth and diversification strategies. We remain focused on our proven business strategy, while being driven by the important work we do every day to transform the health of the communities we serve, one person at a time."
In 2013, Centene increased its revenue growth by 37.0 % over the previous year with several significant expansion opportunities. Centene entered two new states, California and New Hampshire; experienced significant organic growth in other markets; added two new specialty companies, AcariaHealth and USMM (U.S. Medical Management); and entered into the health insurance marketplace in nine states and the correctional healthcare services market in two states.
About Centene Corporation
Centene Corporation, a FORTUNE 500 company, is a leading multi-line healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long Term Care (LTC), in addition to other state-sponsored/hybrid programs, and Medicare (Special Needs Plans). The Company operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, care management software, correctional systems healthcare, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.
SOURCE Centene Corporation
Released June 2, 2014