Centene's $2.2B planned buyout approved by Magellan shareholders

Clayton-based Centene Corp.'s planned $2.2 billion buyout of Magellan Health Inc. was approved Wednesday by Magellan's shareholders. Centene (NYSE: CNC), a provider of managed health care services, agreed in January to acquire Phoenix-based Magellan Health for $95 per share in cash, a 14.7% premium to Magellan's last closing price before the deal. Earlier this month, Centene said the deal had cleared U.S. antitrust approval. T he acquisition is still expected to close in the second half of the year,…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news