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- Centene’s shares saw a surge in postmarket trading following an important update from the Florida Managed Care program. The announcement revealed that the company has successfully retained a crucial statewide Medicaid contract.
- As per the notice released on Friday, Centene’s Sunshine State Health Plan, under the ticker NYSE:CNC, has been chosen to offer specialty plans catering to child welfare, individuals affected by HIV/AIDS, and those battling severe mental illnesses.
- Alongside Centene, other entities such as Humana (NYSE:HUM), Florida Community Care, LLC, Simply Healthcare Plans, Inc., and South Florida Community Care Network, LLC emerged as winners of contracts. Nevertheless, Centene stands out as the sole recipient of a contract specializing in child welfare plans.
- Recent financial reports from the company, including the most recent 10-K filing, highlight Florida as a significant market for Centene, accounting for approximately 10% of its Medicaid premium revenues in 2023.