Centene Corporation Announces Offering Of Notes

               Centene Corporation Announces Offering Of Notes

PR Newswire

ST. LOUIS, Nov. 2, 2012

ST. LOUIS, Nov. 2, 2012 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today
announced that it has commenced an offering of approximately $150 million
aggregate principal amount of 5.75% Senior Notes (the "Senior Notes") due 2017
through underwriters led by Barclays and Wells Fargo Securities. Allen &
Company LLC, Fifth Third Securities, Inc., SunTrust Robinson Humphrey and US
Bancorp will be the co-managers of the offering. The Senior Notes are an
additional issuance of, will be fully fungible with, rank equally with, and
form a single series with Centene's $250 million 5.75% Senior Notes due 2017
issued on May 27, 2011, and will have the same CUSIP number. The offering is
being conducted pursuant to a registration statement filed with the Securities
and Exchange Commission.

Centene intends to use the net proceeds of the offering for general corporate
purposes, primarily including the funding of statutory capital.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. The offering is being made by means of a prospectus and the
related preliminary prospectus supplement only. Copies of the prospectus and
the related preliminary prospectus supplement can be obtained from Barclays
Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, New
York, NY 11717 or by telephone at 888-603-5847 or e-mail at
barclaysprospectus@broadridge.com.

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 State Children's Health Insurance Program (CHIP), as
well as Aged, Blind or Disabled (ABD), Foster Care and long-term care, in
addition to 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.

The information provided in this press release contains forward-looking
statements that relate to the public offering of senior notes, including
without limitation, statements regarding the completion of the offering and
the use of proceeds. Actual events or results may differ materially from those
contained in the forward-looking statements. The Company's reports to the SEC
contain additional information relating to additional factors that could cause
actual results to differ from these forward-looking statements. The Company
disclaims any obligation to update this forward-looking financial information
in the future.

SOURCE Centene Corporation

Website: http://www.centene.com
Contact: Investor Relations Inquiries, Edmund E. Kroll, Senior Vice President,
Finance and Investor Relations, +1-212-759-0382, or Media Inquiries, Deanne
Lane, Vice President, Media Affairs, +1-314-725-4477
 
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