ST. LOUIS, Aug. 27, 2015 /PRNewswire/ -- Centene
Corporation (NYSE: CNC) announced today it will present at two
upcoming healthcare conferences in September.
At the first event, the 10th Annual Wells Fargo
Healthcare Conference, to be held September
9-10, 2015, at the Hyatt Regency in Boston, Centene is scheduled to present on
Wednesday, September 9, at
8:15 a.m. ET. A simultaneous live
audio webcast is also available at:
https://cc.talkpoint.com/well001/090915a_ae/?entity=32_4026MFU.
The following week, at the Morgan Stanley Global Healthcare
Conference, to be held September 16-18,
2015, at the Grand Hyatt in New
York City, Centene is scheduled to present on Wednesday, September 16, at 1:05 p.m. ET. A simultaneous, live audio webcast
is also available at:
https://cc.talkpoint.com/morg007/091615a_ae/?entity=60_T7P2THH.
A webcast replay of both presentations will be available
afterwards via the Company's website at www.centene.com under the
Investors section.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a diversified,
multi-national healthcare enterprise that provides a portfolio of
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 management,
care management software, correctional healthcare services, dental
benefits management, in-home health services, life and health
management, managed vision, pharmacy benefits management, specialty
pharmacy and telehealth services.
Forward Looking Statements
This material may contain certain forward-looking statements
with respect to the financial condition, results of operations and
business of Centene, Health Net and the combined businesses of
Centene and Health Net and certain plans and objectives of Centene
and Health Net with respect thereto, including the expected
benefits of the proposed merger. These forward-looking statements
can be identified by the fact that they do not relate only to
historical or current facts. Forward-looking statements often use
words such as "anticipate", "target", "expect", "estimate",
"intend", "plan", "goal", "believe", "hope", "aim", "continue",
"will", "may", "would", "could" or "should" or other words of
similar meaning or the negative thereof. There are several factors
which could cause actual plans and results to differ materially
from those expressed or implied in forward-looking statements. Such
factors include, but are not limited to, the expected closing date
of the transaction; the possibility that the expected synergies and
value creation from the proposed merger will not be realized, or
will not be realized within the expected time period; the risk that
the businesses will not be integrated successfully; disruption from
the merger making it more difficult to maintain business and
operational relationships; the risk that unexpected costs will be
incurred; changes in economic conditions, political conditions,
changes in federal or state laws or regulations, including the
Patient Protection and Affordable Care Act and the Health Care
Education Affordability Reconciliation Act and any regulations
enacted thereunder, provider and state contract changes, the
outcome of pending legal or regulatory proceedings, reduction in
provider payments by governmental payors, the expiration of
Centene's or Health Net's Medicare or Medicaid managed care
contracts by federal or state governments and tax matters; the
possibility that the merger does not close, including, but not
limited to, due to the failure to satisfy the closing conditions,
including the receipt of approval of both Centene's stockholders
and Health Net's stockholders; the risk that financing for the
transaction may not be available on favorable terms; and risks and
uncertainties discussed in the reports that Centene and Health Net
have filed with the Securities and Exchange Commission (the "SEC").
These forward-looking statements reflect Centene's and Health Net's
current views with respect to future events and are based on
numerous assumptions and assessments made by Centene and Health Net
in light of their experience and perception of historical trends,
current conditions, business strategies, operating environments,
future developments and other factors they believe appropriate. By
their nature, forward-looking statements involve known and unknown
risks and uncertainties because they relate to events and depend on
circumstances that will occur in the future. The factors described
in the context of such forward-looking statements in this
announcement could cause Centene's and Health Net's plans with
respect to the proposed merger, actual results, performance or
achievements, industry results and developments to differ
materially from those expressed in or implied by such
forward-looking statements. Although it is believed that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct and persons reading this announcement
are therefore cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date of this
announcement. Neither Centene nor Health Net assumes any
obligation to update the information contained in this announcement
(whether as a result of new information, future events or
otherwise), except as required by applicable law. These risks, as
well as other risks associated with the merger, are more fully
discussed in the preliminary joint proxy statement/prospectus, as
it may be amended, that is included in the Registration Statement
on Form S-4 that has been filed with the SEC on August 18, 2015 in connection with the merger. A
further list and description of risks and uncertainties can be
found in Centene's Annual Report on Form 10-K for the fiscal year
ended December 31, 2014 and in its
reports on Form 10-Q and Form 8-K as well as in Health Net's Annual
Report on Form 10-K for the fiscal year ended December 31, 2014 and in its reports on Form 10-Q
and Form 8-K.
Additional Information and Where to Find It
The proposed merger transaction involving Centene and Health Net
will be submitted to the respective stockholders of Centene and
Health Net for their consideration. In connection with the
proposed merger, Centene prepared a registration statement on Form
S-4 that included a preliminary joint proxy statement/prospectus
for the stockholders of Centene and Health Net filed with the SEC
on August 18, 2015. At the
appropriate time, each of Centene and Health Net will mail the
definitive joint proxy statement/prospectus to their respective
stockholders and file other documents regarding the merger with the
SEC. These materials are not yet final and will be
amended. Centene and Health Net urge investors and
stockholders to read the definitive joint proxy
statement/prospectus when it becomes available, as well as other
documents filed with the SEC, because they will contain important
information. Investors and security holders may receive the
registration statement containing the joint proxy
statement/prospectus and other documents free of charge at the
SEC's web site, http://www.sec.gov. These documents can also
be obtained (when they are available) free of charge from Centene
upon written request to the Investor Relations Department, Centene
Plaza 7700 Forsyth Blvd. St. Louis,
MO 63105, (314) 725-4477 or from Centene's website,
http://www.centene.com/investors/, or from Health Net upon written
request to the Investor Relations Department, Health Net, Inc.
21650 Oxnard Street Woodland Hills,
CA 91367, (800) 291-6911, or from Health Net's website,
www.healthnet.com/InvestorRelations.
Participants in Solicitation
Centene, Health Net and their respective directors and executive
officers and other members of management and employees may be
deemed to be participants in the solicitation of proxies from the
respective stockholders of Centene and Health Net in favor of the
merger. Information regarding the persons who may, under the rules
of the SEC, be deemed participants in the solicitation of the
respective stockholders of Centene and Health Net in connection
with the proposed merger is set forth in the preliminary joint
proxy statement/prospectus filed with the SEC on August 18, 2015. You can find information
about Centene's executive officers and directors in its definitive
proxy statement for its 2015 Annual Meeting of Stockholders, which
was filed with the SEC on March 16,
2015. You can find information about Health Net's executive
officers and directors in its definitive proxy statement for its
2015 Annual Meeting of Stockholders, which was filed with the SEC
on March 26, 2015. You can
obtain free copies of these documents from Centene and Health Net
using the contact information above.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of 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. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended, and otherwise in accordance with applicable law.
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SOURCE Centene Corporation