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Centene Jumps as Health Insurer Weighs Divesting International Ops

  • Portfolio assessment part of focus on expanding profit margins
  • ‘If it doesn’t fit, it doesn’t stay,’ vice chairman says
    

Source: Getty Images

Centene Corp. is exploring options to offload its international operations, including a U.K. hospital operator that it acquired just this year, as the health insurance giant tries to bolster profit margins and refocus on its core business.

The move is part of a broader review the portfolio to maximize value, said Sarah London, vice chairman of Centene’s board and president of the company’s health care enterprises business. She didn’t specify what types of deals the company would consider for any divestitures.