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Centene Makes $6.3B Bid for Fellow Insurer Health Net

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TOM MURPHY, AP Business Writer

Centene has jumped into the mix of managed-care companies scrambling to bulk up as the health care overhaul changes their business with a $6.3-billion bid for fellow insurer Health Net.

The deal announced Thursday gives St. Louis-based Centene a chance to expand in two hot growth areas for health insurers, the state- and federally-funded Medicaid program for the poor and people with disabilities; and the federally-supported Medicare Advantage program, which has seen its overall enrollment triple over the past decade.

The health care overhaul is expanding Medicaid coverage to millions as it seeks to provide health insurance for more people. This comes as more states are turning to insurers to help them manage their Medicaid populations.

Centene said the Health Net deal will strengthen its presence in the nation’s largest Medicaid market, California, and create a combined company with about 6 million Medicaid members, making it one of the largest in the country.

“Both Centene and Health Net recognize that scale and diversification are becoming increasingly important,” Centene Chairman and CEO Michael Neidorff told analysts after the deal was announced.

The acquisition also will build Centene’s Medicare business in several western states. As the baby boom generation ages, insurers are seeking to offer more Medicare prescription drug coverage and Medicare Advantage plans, which are privately run versions of the federally-funded program for people over age 65 and the disabled.

About 16.8 million people were enrolled in Medicare Advantage plans as of March, according to the nonprofit Kaiser Family Foundation, which studies health care issues. That figure grew by more than 1 million from last year.

“I would say the growth prospect of Medicare is the prime reason someone would add that membership on to their books,” said Vishnu Lekraj, an analyst who follows the industry for Morningstar.

Investors and analysts have been expecting huge acquisitions in a managed care sector that is looking to grow as it adapts to the health care overhaul. Some say the Supreme Court’s recent decision to uphold a key element of the federal law might spark deals because it removes an element of uncertainty that had been hanging over the companies.

On June 20, Anthem went public with a more than $47 billion cash-and-stock bid for Cigna, which Cigna rejected in a letter sent to Anthem the next day.

Both the Wall Street Journal and Bloomberg have reported, citing sources they have not identified, that Aetna is pursuing the Medicare Advantage provider Humana Inc., in a deal that would join the nation’s third- and fifth-largest health insurers.

“The wave of consolidation sweeping the (managed care) industry is accelerating as players seek to establish their own market position,” Leerink analyst Ana Gupte said in a note to investors announcing the Centene deal.

She added that she expects the nation’s biggest insurer, UnitedHealth Group Inc., to jump in with a competing bid for Health Net or possibly both companies.

A UnitedHealth spokesman said his company doesn’t comment on rumors or speculation.

Insurers see several potential advantages to combining. An acquisition would give them more customers over which to spread the costs of providing coverage and processing claims, and it lets them diversify and expand into new markets faster than they can by signing up new customers.

Combining with a competitor also can help an insurer quickly strengthen its technology resources, which is an increasingly vital part of the business.

Centene Corp. plans to pay a combination of cash and stock valued at $78.57, based on Wednesday’s closing price, for each Health Net share. That’s a premium of about 21 percent over Health Net’s closing price of $65.06. The deal totals about $6.8 billion counting debt.

Centene shareholders would have about a 71 percent stake in the combined company, which Neidorff will lead as chairman, president and CEO.

Both companies’ boards have approved the acquisition, which is expected to close early next year.

Shares of Health Net soared 11 percent, or $7.17, to $72.23 after the deal was announced Thursday, while Centene sank about 6 percent, or $4.82, to $76.08.

Like other health insurers, the shares of both companies have hit all-time high prices this year and advanced much further than the broader market. Centene’s stock price was up about 56 percent as of Wednesday, while Health Net had advanced 22 percent.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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NPRC Elder Justice Symposium Invites Community to Join Effort to Protect Alameda County Elders

“Two of our most vulnerable populations are elders and the disabled, and many times that combination resides in one individual,” said Tanya Dennis, lead facilitator of NPRC. “At our symposium, NPRC will bring decision makers and elders together in one space for a day to develop strategy and policy to protect and empower.”

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The National Probate Reform Coalition (NPRC) will host an Elder Justice Symposium on Friday, Sept. 25, from 9 a.m. to 5 p.m. at Oakland City Hall, bringing elders, families, advocates, policymakers and community leaders together to address elder abuse, financial exploitation and problems within probate and conservatorship systems.

The symposium is designed to inform and empower the community while developing strategies and policies to better protect Alameda County’s vulnerable elders and disabled residents.

“Two of our most vulnerable populations are elders and the disabled, and many times that combination resides in one individual,” said Tanya Dennis, lead facilitator of NPRC. “At our symposium, NPRC will bring decision makers and elders together in one space for a day to develop strategy and policy to protect and empower.”

Dennis said NPRC has drafted proposed legislation intended to make conservatorship a true last resort by adding safeguards before and after a petition is filed. Proposals include mandatory private mediation before entering probate and placement of an ombudsman in probate proceedings to advocate for the rights and interests of prospective or current conservatees.

The coalition also wants stronger protections for elders’ estates and assets, arguing that money accumulated over a lifetime should be preserved for elders, families and intended beneficiaries rather than unnecessarily depleted by court-related expenses.

NPRC meets monthly through Zoom and has expanded into a national coalition because elder abuse, financial exploitation and guardianship and conservatorship concerns extend well beyond Alameda County.

“Members share horror stories of being isolated from their parents and children, many times physically abused and overmedicated; seeing estates drained for court costs, and assets that parents spent decades saving to leave a legacy depleted instead and going to strangers,” said Venus Gist, an NPRC co-facilitator and former victim of the probate system. Gist said she spent more than $80,000 trying to protect her parents’ estate.

“Eighty thousand dollars is nothing compared to the people in our group losing millions and having to sell their businesses and homes to pay court fees,” she said.

The symposium will also examine forms of elder exploitation including telephone scams, bank fraud, identity theft, family financial abuse and exploitation by trusted individuals. Participants will learn to recognize warning signs involving caregivers, financial professionals, health and social service workers, attorneys and guardians.

NPRC is seeking a California lawmaker willing to champion legislation that strengthens elder protections and increases accountability in the conservatorship process.

The symposium follows Supervisor Nate Miley’s 23rd Annual Healthy Living Festival on Thursday, Sept. 24, at the Oakland Zoo. The free event for adults 55 and older will feature health screenings, vaccinations, nearly 100 community resource booths, lunch, entertainment and complimentary zoo admission for eligible attendees.

Dennis said the two events offer a comprehensive two-day focus on elder well-being.

“The health fair will cover the physical care of our elders, and the next day NPRC’s symposium will cover the mental and social health,” Dennis said. “Together, we are offering a comprehensive two days of care for Alameda County elders.”

Both events are free, and advance registration is recommended because space is limited. Community members, elders, families, advocates and public officials are encouraged to participate. Breakfast and lunch will be served at both events.

For registration: Sign-up is required via Supervisor Nate Miley’s Eventbrite page NPRC registration is https://www.eventbrite.com/e/elder-justice-symposium-tickets-1998385423597?aff=oddtdtcreator



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Episode 4: Grow Stronger After 50

INDIANAPOLIS RECORDER — Episode 4 of the Second Half of Life Podcast features hosts Thomas Griffin and Andrea McGordon in conversation with Joel Hungate, Assistant Vice President of Strategy & Integrated Wellbeing at Hancock Health. Hungate, a biomedical engineer, health adventurer, and Netflix-featured survivalist, discusses reinvention, personal reflection, confidence, and building lasting health beyond age 50.

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Strength doesn’t disappear when you turn 50- it evolves. Just as growth is a lifelong journey, becoming stronger happens every day. The second half of life is not the beginning of decline; it is the horizon of a stronger, healthier, more confident, and happier version of yourself.

In Episode 4 of the Second Half of Life Podcast, hosts Thomas Griffin and Andrea McGordon sit down with Joel Hungate, Assistant Vice President of Strategy & Integrated Wellbeing at Hancock Health, biomedical engineer, health adventurer, and Netflix-featured survivalist, for a compelling conversation on reinvention, personal reflection, confidence, and building lasting health after 50.

Drawing from his professional expertise and extraordinary life experiences, Joel challenges many of the myths surrounding aging and demonstrates that the years after 50 can be filled with purpose, adventure, and renewed strength.

The Door Doesn’t Shut at Your Second Half

One of the most memorable moments from the conversation came when Joel Hungate shared a simple yet profound truth:

“The door doesn’t shut at 50.”

Far too many people believe that once they reach the second half of life, opportunities begin to disappear. Joel offers a refreshing perspective, reminding viewers that age does not determine potential. Instead, the years after 50 present an opportunity to reflect on your experiences, redefine your purpose, and confidently pursue new goals.

Whether you’ve always wanted to travel, learn a new skill, improve your health, or simply become the best version of yourself, your second half is not a limitation; it’s an invitation.

Watch the first short clip here:https://drive.google.com/file/d/1uTp_tFVgb55Ux1GWmQnLRHp2YTVdl68k/view?usp=drivesdk

Find a Version of Strength Training That Works for You

When people hear the words strength training, many immediately picture lifting heavy weights in a gym. Joel Hungate believes strength looks different for everyone.

You don’t need an expensive fitness membership to become stronger. Walking after dinner, climbing stairs, carrying groceries, hiking with friends, cycling, resistance exercises, or simply staying physically active can all help build strength and preserve independence as you age.

Joel encourages people 50 and over to find a form of movement they genuinely enjoy because consistency not intensity, is what transforms health over time. One practical habit he recommends is taking a walk after dinner, a simple routine that benefits both physical health and overall wellbeing.

Watch the second short clip here:https://drive.google.com/file/d/188dzfMoEbNOxzjXxde2-j4xochFL8lHQ/view?usp=drivesdk

A Way Out of the Frailty Epidemic

Frailty has become one of the greatest health challenges affecting those over 50, yet many people don’t realize that it is not an inevitable part of aging.

During the conversation, Joel explains how maintaining muscle strength, staying active, and making intentional lifestyle choices can significantly reduce the risk of frailty while supporting healthy weight management.

Rather than accepting weakness as a normal part of growing older, he challenges listeners to adopt habits that preserve mobility, resilience, and independence for years to come.

If you’ve ever wondered how to stay strong and capable well into your later years, this conversation offers practical insights that could change the way you think about aging.

Watch the third short clip here:https://drive.google.com/file/d/13BJIGBE68IsEoA3sVaAT8UIBEpepq6A7/view?usp=drivesdk

Eating Better Isn’t the Goal for a Healthy You- Here’s What Is

One of Joel’s most thought-provoking statements during the episode was:

“When we think health is an end goal, it never works.”

Health is not a destination that we eventually arrive at, it is a lifelong journey shaped by daily decisions.

Joel explains that while nutritious eating is important, lasting health is built through a combination of purposeful movement, meaningful relationships, quality sleep, continual learning, and embracing new adventures. Healthy living is about creating a lifestyle that allows you to enjoy life, not simply following another diet.

This refreshing perspective encourages viewers to shift their focus from chasing perfection to building sustainable habits that support long-term wellbeing.

Watch the fourth short clip here:https://drive.google.com/file/d/1PjaysWUmBOTQunVBqQb6KcgKPHEUL5qM/view?usp=drivesdk

More Than a Conversation- A Blueprint for Living Stronger

Episode 4 of the Second Half of Life Podcast is more than an inspiring discussion- it is a practical guide for anyone determined to thrive after 50.

Joel Hungate shares expert insights, personal experiences, and actionable advice that challenge outdated beliefs about aging. His message is clear: strength doesn’t fade with age unless we stop investing in it.

If you’re ready to eliminate the fear of frailty, build lasting confidence, and embrace the adventure that awaits in the second half of life, this episode is one you won’t want to miss.

Watch the full episode now and discover how to grow stronger after 50.

For more, visit indianapolisrecorder.com.

The post Episode 4: Grow Stronger After 50 appeared first on Indianapolis Recorder.

Based on reporting by Indianapolis Recorder.



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Commentary

Episode 4: Grow Stronger After 50

INDIANAPOLIS RECORDER — Episode 4 of the Second Half of Life Podcast features hosts Thomas Griffin and Andrea McGordon in conversation with Joel Hungate, Assistant Vice President of Strategy & Integrated Wellbeing at Hancock Health. Hungate, a biomedical engineer, health adventurer, and Netflix-featured survivalist, discusses reinvention, personal reflection, confidence, and building lasting health beyond age 50.

Published

on

Strength doesn’t disappear when you turn 50- it evolves. Just as growth is a lifelong journey, becoming stronger happens every day. The second half of life is not the beginning of decline; it is the horizon of a stronger, healthier, more confident, and happier version of yourself.

In Episode 4 of the Second Half of Life Podcast, hosts Thomas Griffin and Andrea McGordon sit down with Joel Hungate, Assistant Vice President of Strategy & Integrated Wellbeing at Hancock Health, biomedical engineer, health adventurer, and Netflix-featured survivalist, for a compelling conversation on reinvention, personal reflection, confidence, and building lasting health after 50.

Drawing from his professional expertise and extraordinary life experiences, Joel challenges many of the myths surrounding aging and demonstrates that the years after 50 can be filled with purpose, adventure, and renewed strength.

The Door Doesn’t Shut at Your Second Half

One of the most memorable moments from the conversation came when Joel Hungate shared a simple yet profound truth:

“The door doesn’t shut at 50.”

Far too many people believe that once they reach the second half of life, opportunities begin to disappear. Joel offers a refreshing perspective, reminding viewers that age does not determine potential. Instead, the years after 50 present an opportunity to reflect on your experiences, redefine your purpose, and confidently pursue new goals.

Whether you’ve always wanted to travel, learn a new skill, improve your health, or simply become the best version of yourself, your second half is not a limitation; it’s an invitation.

Watch the first short clip here:https://drive.google.com/file/d/1uTp_tFVgb55Ux1GWmQnLRHp2YTVdl68k/view?usp=drivesdk

Find a Version of Strength Training That Works for You

When people hear the words strength training, many immediately picture lifting heavy weights in a gym. Joel Hungate believes strength looks different for everyone.

You don’t need an expensive fitness membership to become stronger. Walking after dinner, climbing stairs, carrying groceries, hiking with friends, cycling, resistance exercises, or simply staying physically active can all help build strength and preserve independence as you age.

Joel encourages people 50 and over to find a form of movement they genuinely enjoy because consistency not intensity, is what transforms health over time. One practical habit he recommends is taking a walk after dinner, a simple routine that benefits both physical health and overall wellbeing.

Watch the second short clip here:https://drive.google.com/file/d/188dzfMoEbNOxzjXxde2-j4xochFL8lHQ/view?usp=drivesdk

A Way Out of the Frailty Epidemic

Frailty has become one of the greatest health challenges affecting those over 50, yet many people don’t realize that it is not an inevitable part of aging.

During the conversation, Joel explains how maintaining muscle strength, staying active, and making intentional lifestyle choices can significantly reduce the risk of frailty while supporting healthy weight management.

Rather than accepting weakness as a normal part of growing older, he challenges listeners to adopt habits that preserve mobility, resilience, and independence for years to come.

If you’ve ever wondered how to stay strong and capable well into your later years, this conversation offers practical insights that could change the way you think about aging.

Watch the third short clip here:https://drive.google.com/file/d/13BJIGBE68IsEoA3sVaAT8UIBEpepq6A7/view?usp=drivesdk

Eating Better Isn’t the Goal for a Healthy You- Here’s What Is

One of Joel’s most thought-provoking statements during the episode was:

“When we think health is an end goal, it never works.”

Health is not a destination that we eventually arrive at, it is a lifelong journey shaped by daily decisions.

Joel explains that while nutritious eating is important, lasting health is built through a combination of purposeful movement, meaningful relationships, quality sleep, continual learning, and embracing new adventures. Healthy living is about creating a lifestyle that allows you to enjoy life, not simply following another diet.

This refreshing perspective encourages viewers to shift their focus from chasing perfection to building sustainable habits that support long-term wellbeing.

Watch the fourth short clip here:https://drive.google.com/file/d/1PjaysWUmBOTQunVBqQb6KcgKPHEUL5qM/view?usp=drivesdk

More Than a Conversation- A Blueprint for Living Stronger

Episode 4 of the Second Half of Life Podcast is more than an inspiring discussion- it is a practical guide for anyone determined to thrive after 50.

Joel Hungate shares expert insights, personal experiences, and actionable advice that challenge outdated beliefs about aging. His message is clear: strength doesn’t fade with age unless we stop investing in it.

If you’re ready to eliminate the fear of frailty, build lasting confidence, and embrace the adventure that awaits in the second half of life, this episode is one you won’t want to miss.

Watch the full episode now and discover how to grow stronger after 50.

For more, visit indianapolisrecorder.com.

The post Episode 4: Grow Stronger After 50 appeared first on Indianapolis Recorder.

Based on reporting by Indianapolis Recorder.



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