OverviewSuggest Edit

Centene is a healthcare company that provides a portfolio of services to government-sponsored healthcare programs, focusing on under-insured and uninsured individuals. It operates local health plans and offers a range of health insurance solutions. The company 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.
TypePublic
Founded1984
HQSt. Louis, US
Websitecentene.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)56,600(+20%)
Job Openings954
Revenue (FY, 2019)$74.6 B(+25%)
Share Price (Sept 2020)$54.9 (+2%)
Cybersecurity ratingBMore

Key People/Management at Centene

Michael Neidorff

Michael Neidorff

Chairman, President, and Chief Executive Officer
Orlando Ayala

Orlando Ayala

Director
Jessica L. Blume

Jessica L. Blume

Director
Robert K. Ditmore

Robert K. Ditmore

Director
Frederick H. Eppinger

Frederick H. Eppinger

Director
Richard A. Gephardt

Richard A. Gephardt

Director
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Centene Office Locations

Centene has offices in St. Louis, Bedford, Chesterfield, Clayton and in 6 other locations
St. Louis, US (HQ)
7700 Forsyth Blvd
Bedford, US
36 Crosby Dr
Chesterfield, US
1370 Timberlake Manor Pkwy
Clayton, US
Centene Plaza, 7700 Forsyth Blvd
Great Falls, US
2000 26th St S
Little Rock, US
19 Remington Dr
Show all (10)

Centene Financials and Metrics

Centene Revenue

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Centene's revenue was reported to be $74.64 b in FY, 2019 which is a 24.2% increase from the previous period.
USD

Revenue (Q2, 2020)

27.7b

Gross profit (Q2, 2020)

26.9b

Gross profit margin (Q2, 2020), %

97%

Net income (Q2, 2020)

1.2b

EBIT (Q2, 2020)

2.0b

Market capitalization (23-Sept-2020)

31.8b

Closing stock price (23-Sept-2020)

54.9

Cash (30-Jun-2020)

12.8b

EV

35.9b
Centene's current market capitalization is $31.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

48.4b60.1b74.6b

Revenue growth, %

24%24%

Cost of goods sold

42.6b52.4b65.8b

Gross profit

5.8b7.7b8.8b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

11.7b12.0b11.9b13.2b14.2b16.2b18.4b18.4b19.0b26.0b27.7b

Cost of goods sold

10.4b10.4b10.5b11.3b12.4b14.1b16.2b16.1b16.8b23.2b833.0m

Gross profit

1.4b1.5b1.4b1.9b1.8b2.0b2.3b2.3b2.1b2.8b26.9b

Gross profit Margin, %

12%13%12%14%12%13%12%12%11%11%97%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

4.1b5.3b12.1b

Current Assets

8.7b12.0b20.3b

PP&E

1.1b1.7b2.1b

Goodwill

4.7b7.0b6.9b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

808.0m894.0m1.3b

Depreciation and Amortization

361.0m495.0m643.0m

Accounts Payable

53.0m(533.0m)(421.0m)

Cash From Operating Activities

1.5b1.2b1.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

132.0m384.0m585.0m338.0m637.0m653.0m519.0m1.0b1.1b46.0m1.2b

Depreciation and Amortization

86.0m173.0m264.0m104.0m215.0m354.0m155.0m313.0m475.0m288.0m618.0m

Accounts Payable

(237.0m)(257.0m)205.0m157.0m(865.0m)35.0m357.0m(616.0m)(552.0m)704.0m1.3b

Cash From Operating Activities

1.2b942.0m1.0b1.8b1.3b1.9b1.3b2.2b2.1b(240.0m)3.5b
USDQ1, 2017

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.5 x
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Centene Operating Metrics

FY, 2017FY, 2018FY, 2019

Products

300 340 350

Programs

56 56 56

Services Provided

18 19 19
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Centene Acquisitions / Subsidiaries

Company NameDateDeal Size
WellCare Health PlansMarch 27, 2019$15.30 b
Community Medical GroupMarch 05, 2018
MHMFebruary 26, 2018
Fidelis CareSeptember 13, 2017$3.80 b
Health Net, LLCMarch 24, 2016
LifeShare Management Group, LLCMarch 04, 2015
Envolve HealthJanuary 05, 2015
Specialty Therapeutic Care HoldingsJanuary 14, 2013
Celtic Group, Inc.July 01, 2008$80 m
Cardium Health ServicesMay 10, 2006$12 m
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Centene Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Centene Revenue Breakdown

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Centene revenue breakdown by business segment: 95.0% from Managed Care and 5.0% from Other

Centene Online and Social Media Presence

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Centene News and Updates

Centene Will Expand Obamacare To 400 New Counties For 2021

Centene will increase the number of counties it will offer individual Obamacare coverage under the Affordable Care Act to nearly 4oo new counties next year.

BioTelemetry, Inc. Acquires Remote Patient Monitoring Platform from Centene Subsidiary

Expands relationship to serve Centene members Expands relationship to serve Centene members

Centene to invest $1 billion, hire 6,000 employees in Charlotte in the coming years

Centene Corp. said it will create 6,000 new jobs and invest $1 billion in the Charlotte, North Carolina community over time, as the health care company builds a new East-Coast headquarters in the city. The company said construction of the new campus will begin in August. The first phase of construc…

Centene To Acquire Illinois HMO’s 54,000 Medicaid Enrollees

Centene said Tuesday it will acquire the membership of NextLevel Health Partners, which serves about 54,000 Medicaid members in Chicago's Cook County.

Centene Expects Covid-19 to Lower Its Medical Costs This Year

Centene Expects Covid-19 to Lower Its Medical Costs This Year

Obamacare Insurer Centene Boosts Pandemic Outlook And Focus On Health Disparities

Health insurer Centene expects the rise in unemployment amid the spread of the coronavirus strain COVID-19 to boost Medicaid and Obamacare enrollment in the coming months and increase revenue to as much as $112 billion.
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Centene Frequently Asked Questions

  • When was Centene founded?

    Centene was founded in 1984.

  • Who are Centene key executives?

    Centene's key executives are Michael Neidorff, Orlando Ayala and Jessica L. Blume.

  • How many employees does Centene have?

    Centene has 56,600 employees.

  • What is Centene revenue?

    Latest Centene annual revenue is $74.6 b.

  • What is Centene revenue per employee?

    Latest Centene revenue per employee is $1.3 m.

  • Who are Centene competitors?

    Competitors of Centene include Aetna, Anthem and CVS Health.

  • Where is Centene headquarters?

    Centene headquarters is located at 7700 Forsyth Blvd, St. Louis.

  • Where are Centene offices?

    Centene has offices in St. Louis, Bedford, Chesterfield, Clayton and in 6 other locations.

  • How many offices does Centene have?

    Centene has 10 offices.