Centene completes sale of Spanish, central European businesses

Centene said in a Nov. 17 news release it has completed the sale of its Spanish and central European businesses to Vivalto Santé, a French private hospital group. 

Advertisement

The payer announced in July that it had entered an agreement to sell the business to the French company. 

The businesses Centene sold to Vivalto Santé are:

  • Ribera Salud, a healthcare provider in Spain, which operates hospitals and provides other healthcare services.
  • Torrejón Salud, a public-private partnership in the Community of Madrid which is operated by Ribera Salud.
  • Pro Diagnostics Group (PDG), a subsidiary of Ribera Salud, which owns clinics providing radiology and other services in Slovakia and the Czech Republic.

Centene did not disclose the financial details of the completed transaction.

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Advertisement

Next Up in M&A

  • Health insurers are picking up some of Walgreens’ former care delivery businesses after the pharmacy chain’s multibillion-dollar push into primary…

  • UnitedHealth Group’s count of subsidiaries and related entities has reached 2,807, according to the latest “Sunlight Report,” published in October.…

Advertisement

Comments are closed.