, /PRNewswire/ -- WellCare of North Carolina (WellCare), an NC Medicaid health plan and subsidiary of Centene Corporation (NYSE: CNC), is supporting health-related resources for communities across North Carolina through over $1.6M of investments in local nonprofit organizations. This funding, which began in 2024 and will continue throughout 2025, will help support critical healthcare needs such as assisting with food and nutrition, clothing, utilities, housing, and interpersonal safety for North Carolina' ...

Core Points - Centene Corporation will release its 2025 third quarter financial results on October 29, 2025, at 6:00 a.m. ET and will host a conference call at 9:00 a.m. ET to discuss the results [1][2] - The conference call can be accessed via phone or a live audio webcast on Centene's website, with a replay available for 12 months [2] - Centene is a Fortune 500 company focused on providing integrated healthcare services, particularly to under-insured and uninsured individuals, serving over 1 in 15 individuals in the U.S. [3] Company Overview - Centene Corporation is a leading healthcare enterprise committed to helping people live healthier lives, utilizing a local approach with local brands and teams [3] - The company offers affordable and high-quality products, including Medicaid and Medicare services, as well as Health Insurance Marketplace options [3] - Important information about Centene is published on its investor relations website, which is regularly updated with financial and other material information [3]

Core Viewpoint - Centene Corporation received an unsolicited "mini-tender" offer from TRC Capital Investment Corporation to purchase up to 4 million shares at $24.75 per share, which is below the current market price [1][2] Group 1: Company Response - Centene recommends that stockholders reject TRC's offer and evaluate the current market price of their shares, advising consultation with financial advisors [2] - The company urges investors to be cautious with mini-tender offers, as they may lead to selling securities at below-market prices [2] Group 2: Offer Details - TRC's offer is set to expire on September 4th, 2025, and may be extended [1] - Investors who have already tendered their shares can withdraw them by providing written notice before the expiration of the offer [3] Group 3: Company Overview - Centene Corporation is a Fortune 500 company focused on providing integrated healthcare services, particularly to under-insured and uninsured individuals [4] - The company serves over 1 in 15 individuals in the U.S., including Medicaid and Medicare members, and offers affordable healthcare products [4]

Core Insights - The partnership between Meridian Health Plan of Michigan and the Centene Foundation aims to enhance access to fresh food and improve health outcomes in rural southwest Michigan through a $1 million grant to the Food Bank Council of Michigan [1][8] - The initiative focuses on addressing food insecurity, which is linked to diet-sensitive chronic diseases, by implementing a two-phased program that includes upgrading food pantries and establishing a fresh food pharmacy [2][5] Phase One Summary - Phase One will upgrade two existing food pantries to become Nourish MI Pantries, which will provide fresh, nutritious food and support health and equity partnerships [2][3] - The upgraded pantries will implement food as medicine interventions and receive technological support for future In Lieu of Services (ILOS) implementation [4] - The initiative aims to strengthen local food access and build capacity for ILOS operations for participating Medicaid health plans [4] Phase Two Summary - Phase Two, starting in 2026, will designate and upgrade five additional Nourish MI Pantries and fund the Fresh Food Pharmacy program at Grace Health [5] - The Fresh Food Pharmacy will assist eligible patients with diet-sensitive chronic conditions in accessing nutritious food and health education [5] Context of Food Insecurity - Over 1.4 million people in Michigan face food insecurity, with more than 378,000 being children, particularly affecting rural communities with limited access to grocery stores [6] - The partnership aims to address the root causes of health disparities and improve overall health outcomes in these communities [2][8] Organizational Background - Meridian Health Plan of Michigan provides managed care services primarily through Medicaid and is part of Centene Corporation [9] - The Centene Foundation focuses on investing in economically challenged communities and improving health equity [10] - The Food Bank Council of Michigan leads efforts to end hunger in the state by advocating for policies and providing resources to food banks [11]

Financial Performance - Centene Corporation reported total revenues of $48.742 billion for Q2 2025, an increase of 22% from $39.836 billion in Q2 2024 [1] - Premium and service revenues rose 18% to $42.467 billion compared to $35.973 billion in the same period last year [6] - The company experienced a diluted loss per share of $(0.51) for Q2 2025, compared to earnings of $2.16 per share in Q2 2024 [18][29] - Adjusted diluted loss per share was $(0.16) for Q2 2025, down from $2.42 in Q2 2024 [18] Membership Trends - Total at-risk membership as of June 30, 2025, was 28,004,900, an increase from 25,709,600 in 2024 [3] - Traditional Medicaid membership decreased to 11,227,400 from 11,640,900 year-over-year [3] - Marketplace membership increased significantly to 5,862,800 from 4,401,300 in the previous year [3] Cost and Expense Management - The health benefits ratio (HBR) for Q2 2025 was 93.0%, up from 87.6% in Q2 2024, primarily due to increased medical costs [1][12] - Selling, general and administrative (SG&A) expense ratio was 7.1% for Q2 2025, down from 8.0% in Q2 2024, reflecting better expense management [1][12] Cash Flow and Balance Sheet - Cash flow from operations for Q2 2025 was $1.785 billion, driven by improved pharmacy rebate remittance timing [1][12] - As of June 30, 2025, the company had cash, investments, and restricted deposits totaling $37.5 billion, with total debt at $17.6 billion [8][27] Community Engagement and Recognition - Centene has been actively involved in community support, including relief efforts for tornado-affected areas [4] - The company was recognized as one of Newsweek's America's Greatest Workplaces for the third consecutive year [4]

Core Viewpoint - Centene Corporation will release its 2025 second quarter financial results on July 25, 2025, at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET to discuss the results [1]. Group 1: Financial Results Announcement - The financial results will be available for review on July 25, 2025, at approximately 6:00 a.m. ET [1]. - A conference call will be held at 8:00 a.m. ET on the same day to discuss the financial results [1]. Group 2: Conference Call Participation - Interested parties can join the conference call by dialing 1-877-883-0383 in the U.S. and Canada or +1-412-902-6506 from abroad, using the Elite Entry Number: 7878291 for expedited registration [2]. - The call can also be accessed via a live audio webcast on Centene's website under the Investors section [2]. Group 3: Webcast Replay Information - A replay of the webcast will be available for on-demand listening for 12 months, until July 24, 2026 [3]. - Digital audio playback will be accessible until August 1, 2025, by dialing specific numbers and entering access code 7322068 [3]. Group 4: Company Overview - Centene Corporation is a Fortune 500 company focused on providing integrated, high-quality, and cost-effective healthcare services, particularly to under-insured and uninsured individuals [4]. - The company serves over 1 in 15 individuals in the U.S., including Medicaid and Medicare members, as well as those in the Health Insurance Marketplace [4]. Group 5: Investor Relations - Centene utilizes its investor relations website to publish important information deemed material to investors [5]. - Financial and other relevant information about Centene is routinely posted and accessible on its investor relations website [5].