Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Health insurer Centene's Q1 revenue rises 36 pct
(Corrects paragraph 4 to say revenue rose to $6.95 billion from $5.13 billion, not to $7 billion from $5 billion)
April 26 (Reuters) - Health insurer Centene Corp reported a near 36 percent rise in quarterly revenue, helped by higher enrollments in its Medicaid plans and the acquisition of rival Health Net.
Centene, which focuses on government-backed health insurance plans, posted a net loss of $17 million, or 14 cents per share, for the first quarter ended March 31, due to acquisition-related expenses.
The company earned $63 million, or 51 cents per share, in the year-earlier period.
Revenue rose to $6.95 billion from $5.13 billion a year earlier.
(Reporting by Amrutha Penumudi in Bengaluru; Editing by Savio D'Souza)
Terms and Privacy Policy