California Department of Managed HealthCare
The Department of Managed Health Care (DMHC) invites you to a public meeting on the acquisition of Health Net of California by Centene. Representatives from both plans will be present. The meeting will be held in Sacramento on December 7, 2015 from 9:30 a.m. to 11:30 a.m. The purpose of the meeting is to discuss DMHC’s jurisdiction and authority to oversee the transaction and to solicit public comment for DMHC’s consideration as it reviews the transaction. Public comment will be limited to 3 minutes. Comments may also be submitted to publiccomments@dmhc.ca.gov until 5:00 p.m. on December 12, 2015.
For the agenda please visit: http://healthhelp.ca.
Public Meeting on the Acquisition of Health Net of California by Centene
December 7, 2015
9:30 a.m. – 11:30 a.m.
Department of Fish & Wildlife Resources Building
1416 9th Street, Sacramento
Auditorium
Agenda
I. Introduction
II. Director’s Remarks
III. DMHC’s Jurisdiction and Authority
IV. Health Net of California’s Remarks
V. Centene’s Remarks
VI. Public Comment
VII. Closing Remarks
Health Net and Centene Combine
Health Net and Centene today announced that they will combine to create a leading diversified health care services enterprise with more than 10 million members across the country. The transaction is subject to regulatory review, shareholder approval and other customary closing conditions. Details are in our news release.
Our two organizations will immediately begin seeking all necessary regulatory approvals, and we expect it to close in early 2016.
Through all the upcoming activities, Health Net will continue being laser-focused on the needs of our customers and brokers, who both have come to depend on us for quality, affordable health insurance coverage and service.
We are working hard to ensure that our customers and business partners experience a seamless transition of services, and Centene shares this commitment.
Our combined organization will be better equipped to address new business opportunities from the Affordable Care Act, bringing greater scale and operational resources to the commercial, Medicare, Cal MediConnect, and Medicaid expansion programs so vital to the success of our country’s health care future.