Lawsuit Against Centene Corporation Dismissed
ST. LOUIS, Sept. 24, 2012 /PRNewswire/ -- CENTENE CORPORATION (NYSE: CNC) In June 2012, a putative class action lawsuit was filed in Federal Court against the Company and three of its executives.
The Company believes that the case was without merit and intended to vigorously defend its position. On Friday, the plaintiff voluntarily dismissed the action without prejudice as to all claims and defendants.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading multi-line healthcare enterprise that provides programs and related services to the rising number of under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care, long-term care, other state-sponsored programs and Medicare (Special Needs Plans). Centene's CeltiCare subsidiary offers states unique "exchange-based" and other cost-effective coverage solutions for low-income populations. 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, life and health management, managed vision, telehealth services, and pharmacy benefits management. More information regarding Centene is available at www.centene.com.
SOURCE Centene Corporation
Released September 24, 2012