Deals
Health Net First to the Altar in Insurer Merger Mania: Real M&A
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For Health Net Inc., the time and price are perfect for a sale.
Centene Corp. on Thursday announced it’s buying Health Net to become the biggest private provider of Medicaid, the government health program for the poor. The cash-and-stock offer implies a price tag for Health Net of $78.57 a share, or about $6.8 billion including debt.