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Apply Now: Accessibility Improvement Grant Portal Opens for L.A. Interim Housing Providers
Prnewswire· 2025-08-27 15:00
Core Insights - The Interim Housing Accessibility Improvement Fund aims to enhance accessibility at interim housing sites for individuals with disabilities experiencing homelessness, providing grants of up to $100,000 to approximately 85 sites [1][3] - The initiative is part of a $5 million investment from L.A. Care and Health Net's Housing and Homelessness Incentive Program (HHIP), focusing on expanding interim housing options in Los Angeles County [1][2] - Over 25% of adults in the U.S. have some form of physical disability, making them more likely to experience homelessness due to barriers in securing suitable housing [2] Group 1: Initiative Details - The fund will support construction improvement projects that enhance physical access and usability for people with disabilities [1][3] - Eligible applicants include licensed free or community clinics, Federally Qualified Health Centers (FQHCs), public agencies, or tax-exempt 501(c)(3) entities providing interim housing services in Los Angeles County [5][7] - Providers must serve Medi-Cal or uninsured clients and use funds for accessibility-related construction projects aligned with ADA standards [7] Group 2: Organizational Collaboration - The initiative is a collaboration between Brilliant Corners, L.A. Care Health Plan, Health Net, and the Los Angeles County Department of Health Services Housing for Health Division, reflecting a commitment to equity and accessibility [3][4] - Health Net emphasizes the importance of creating inclusive spaces for all individuals, while L.A. Care highlights the critical role of interim housing for unhoused community members [4][9] - The initiative aims to address the intersection of health, housing, and accessibility for historically underserved communities [3][4] Group 3: Additional Resources - A new website has been launched to provide eligible applicants with resources for applying for funding, including FAQs and technical assistance [5][6] - An informational webinar is scheduled for September 10, 2025, to provide an overview of the application process and timeline for award determinations [7]
CNC INVESTOR NOTIFICATION: Centene Corporation Investors are Urged to Contact BFA Law before the September 8 Class Action Deadline (NYSE:CNC)
GlobeNewswire News Room· 2025-08-27 10:46
Core Viewpoint - A lawsuit has been filed against Centene Corporation and its senior executives for potential violations of federal securities laws, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Company Overview - Centene Corporation is a healthcare company that provides services to consumers enrolled in government-sponsored healthcare programs such as Medicaid and Medicare, as well as those purchasing insurance under the Affordable Care Act [3]. Group 2: Financial Guidance and Performance - On December 12, 2024, Centene announced financial guidance for fiscal year 2025, claiming stability in earnings despite challenges [4]. - The company increased its 2025 guidance on February 4, 2025, citing enrollment overperformance, and again on April 25, 2025, due to strong growth in enrollment and retention [4]. - However, the actual market conditions showed lower than expected enrollment growth and increased morbidity rates in the majority of the states served by Centene [4]. Group 3: Stock Performance and Market Reaction - On July 1, 2025, Centene withdrew its previous guidance after an independent actuarial report revealed lower than expected market growth and higher morbidity rates [5]. - Following this news, Centene's stock price plummeted by $22.87 per share, a decline of over 40%, from $56.65 on July 1, 2025, to $33.78 on July 2, 2025 [5].
CNC Deadline: CNC Investors Have Opportunity to Lead Centene Corporation Securities Fraud Lawsuit
Prnewswire· 2025-08-26 20:10
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Centene Corporation securities between December 12, 2024, and June 30, 2025, about the September 8, 2025, deadline to become a lead plaintiff in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Centene securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by September 8, 2025, to serve as lead plaintiff [2]. - The lawsuit alleges that Centene's defendants provided misleading information regarding the company's expected revenue guidance and adjusted diluted earnings per share (EPS) for the 2025 fiscal year, while concealing adverse facts about enrollment and morbidity rates [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [3]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3].
Centene Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. September 8, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-08-26 19:51
Core Viewpoint - Centene Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its revenue outlook and growth prospects during the specified Class Period [1][4]. Group 1: Company Overview - Centene Corporation is a healthcare enterprise that provides integrated services to government-sponsored and commercial healthcare programs, focusing on underinsured and uninsured individuals [3]. Group 2: Allegations and Misrepresentation - The class action lawsuit claims that Centene misled investors by presenting false information about its projected revenue and growth, emphasizing strong enrollment rates and low morbidity levels [4]. - The complaint alleges that these representations were materially misleading, as they concealed adverse enrollment trends and worsening morbidity rates [5]. Group 3: Financial Impact and Guidance Revision - On July 1, 2025, Centene withdrew its 2025 guidance, revealing disappointing findings from its analysis of the Health Insurance Marketplace, with market growth across 22 states significantly below expectations [6]. - Following the guidance revision, Centene's earnings were adjusted to approximately $1.8 billion, or an adjusted diluted EPS of $2.75 [6]. - The announcement led to a decline in Centene's stock price by more than 40%, causing significant financial harm to investors [7].
AcariaHealth Sparks Innovation at 2025 Healthcare Advocate Summit with Hackathon and Expert Panels
Prnewswire· 2025-08-26 12:40
Core Insights - AcariaHealth is showcasing its innovative approach to specialty pharmacy solutions at the 2025 Healthcare Advocate Summit with a unique "Reimagine Access" Hackathon and expert sessions [1][6]. Group 1: Event Highlights - The "Reimagine Access" Hackathon will take place on September 2, 2025, focusing on real-world access challenges in healthcare, encouraging participants to brainstorm actionable solutions [2]. - An expert panel on biosimilars and market disruption is scheduled for September 4, 2025, where AcariaHealth leaders will discuss trends and payer mandates, along with a video highlighting the role of Provider Experience Managers [3]. - A roundtable discussion on the Medicare Prescription Payment Plan (M3P) will conclude the summit on September 5, 2025, providing an interactive platform for attendees to ask questions [5]. Group 2: Company Commitment - AcariaHealth emphasizes the importance of seamless access to care, aiming to reshape specialty pharmacy through innovation, advocacy, and compassion [6]. - The company is dedicated to supporting patients with complex conditions by leveraging its expertise and the resources of Centene Corporation, the largest Medicaid managed care organization [8].
Centene Faces HBR Pressures: Will Scale Support Stability?
ZACKS· 2025-08-25 17:36
Core Insights - Centene Corporation (CNC) relies on its Health Benefit Ratio (HBR) as a key profitability measure, with sensitivity to changes in Medicaid and ACA marketplace plans due to their thinner margins [1][2] Group 1: Financial Performance - Centene's HBR increased by 550 basis points in Q2 2025, driven by higher medical costs, lower Marketplace risk adjustment transfers, and a Medicare Advantage premium deficiency reserve [2][9] - The company's shares have declined by 51.5% year to date, underperforming the industry [7] Group 2: Cost Management Strategies - To address rising medical costs, Centene is enhancing utilization management, expanding value-based care contracts, tightening pharmacy cost controls, and pursuing digital efficiency investments [3][9] - Streamlining operations through divestitures is also part of Centene's strategy to maintain operational discipline [3] Group 3: Regulatory Environment - The newly enacted One Big Beautiful Bill Act introduces structural challenges, including cuts to Medicaid funding, stricter verification requirements, and ACA enrollment limits, which may reduce membership and increase administrative costs [4] Group 4: Future Outlook - Balancing medical cost containment with careful enrollment management is crucial for driving profitability, with Centene's scale and government program expertise providing resilience despite near-term margin pressures [5] - The consensus estimate for CNC's 2025 revenues indicates a year-over-year increase, while EPS estimates suggest a decline [12]
DEADLINE ALERT for HIMS, IRBT, and CNC: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
GlobeNewswire News Room· 2025-08-25 14:23
Core Viewpoint - Class action lawsuits have been filed against Hims & Hers Health, iRobot Corporation, and Centene Corporation, alleging that these companies made materially false and misleading statements regarding their business operations and prospects, which led to investor losses [2][3][4]. Group 1: Hims & Hers Health, Inc. (NYSE: HIMS) - The class period for Hims is from April 29, 2025, to June 22, 2025, with a lead plaintiff deadline of August 25, 2025 [2]. - Allegations include deceptive promotion of illegitimate versions of Wegovy, risking patient safety, and a substantial risk of termination of collaboration with Novo Nordisk [2]. - Defendants' positive statements about the company's business were materially misleading and lacked a reasonable basis [2]. Group 2: iRobot Corporation (NASDAQ: IRBT) - The class period for iRobot is from January 29, 2024, to March 11, 2025, with a lead plaintiff deadline of September 5, 2025 [3]. - Allegations state that iRobot overstated the effectiveness of its Restructuring Plan post-Amazon Acquisition termination, raising doubts about its ability to operate profitably as a standalone company [3]. - Defendants' positive statements regarding the company's prospects were materially misleading and lacked a reasonable basis [3]. Group 3: Centene Corporation (NYSE: CNC) - The class period for Centene is from December 12, 2024, to June 30, 2025, with a lead plaintiff deadline of September 8, 2025 [4]. - Allegations include failure to disclose lower-than-anticipated enrollment and increased market morbidity based on preliminary analysis of over two-thirds of Centene's marketplace share [4]. - Defendants' positive statements about the company's business operations were materially misleading and lacked a reasonable basis [4].
CNC STOCK ALERT: Centene Corporation Investors may have been Affected by Fraud -- Contact BFA Law by September 8 about the Class Action (NYSE:CNC)
GlobeNewswire News Room· 2025-08-25 12:37
Core Viewpoint - A lawsuit has been filed against Centene Corporation and its senior executives for potential violations of federal securities laws, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Company Overview - Centene Corporation is a healthcare company that provides services to consumers enrolled in government-sponsored healthcare programs such as Medicaid and Medicare, as well as those purchasing insurance under the Affordable Care Act [3]. Financial Guidance and Performance - On December 12, 2024, Centene announced financial guidance for fiscal year 2025, claiming stability in earnings despite challenges [4]. - The company increased its 2025 guidance on February 4, 2025, citing enrollment overperformance, and again on April 25, 2025, due to strong growth in enrollment and retention [4]. - However, the actual market conditions showed lower than expected enrollment growth and increased morbidity rates in the majority of the states Centene serves [4]. Stock Market Reaction - On July 1, 2025, Centene withdrew its previous guidance after an independent actuarial report revealed lower than expected market growth and higher morbidity rates, leading to a significant stock price drop of $22.87 per share, or over 40%, from $56.65 to $33.78 [5].
CNC FINAL DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Centene Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – CNC
GlobeNewswire News Room· 2025-08-24 14:15
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Centene Corporation securities between December 12, 2024, and June 30, 2025, of the September 8, 2025, deadline to become lead plaintiffs in a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Centene securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the court by September 8, 2025, to serve as lead plaintiff [2]. - The lawsuit alleges that Centene's management provided misleading information regarding the company's revenue guidance and earnings per share for the 2025 fiscal year, while concealing adverse facts about enrollment and morbidity rates [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].
CNC CLASS REMINDER: Suffer Losses on Your Centene Corporation Investment? Contact BFA Law before the September 8 Court Deadline (NYSE:CNC)
GlobeNewswire News Room· 2025-08-23 11:08
Core Viewpoint - A lawsuit has been filed against Centene Corporation and its senior executives for potential violations of federal securities laws, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Company Overview - Centene Corporation is a healthcare company that provides services to consumers enrolled in government-sponsored healthcare programs such as Medicaid and Medicare, as well as those purchasing insurance under the Affordable Care Act [3]. Financial Guidance and Performance - On December 12, 2024, Centene announced financial guidance for fiscal year 2025, claiming stability in earnings despite challenges [4]. - The company increased its 2025 guidance on February 4, 2025, citing enrollment overperformance, and again on April 25, 2025, due to strong growth in enrollment and retention [4]. - However, the actual market conditions showed lower than expected enrollment growth and increased morbidity rates in the majority of the states Centene serves [4]. Stock Market Reaction - On July 1, 2025, Centene withdrew its previous guidance after an independent actuarial report revealed lower than expected market growth and higher morbidity rates, leading to a significant stock price drop of $22.87 per share, or over 40%, from $56.65 to $33.78 [5].