Lawsuit accuses Centene of concealing Health Net problems from shareholders

Two pension funds that own shares in Centene Corp. are suing the health insurer, claiming it acquired Health Net in 2016 without fully disclosing Health Net ’s financial problems. St. Louis-based Centene (NYSE: CNC) is developing a campus in Natomas for 5,000 employees, including at least 1,500 net new jobs it's expected to bring to the region. Health Net, which now operates as a division of Centene, already employs 3,000 in Rancho Cordova and other local offices, making it the Sacramento area's…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news