Centene delays 2020 forecast because of WellCare deal

Centene Corp. is postponing the release of its 2020 financial forecast due to the insurer’s recent integration with WellCare Health Plans.

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Transcripts of Centene’s Feb. 4 fourth-quarter earnings call reveal the timing of the deal’s closure will push the insurer’s forecast back a month.

“Given the timing of close, we continue to review WellCare’s 2019 results, including any one-time items in the effect on the 2020 forecast. As stated earlier, we will provide a full update on the March call,” Jeffrey Schwaneke, Centene’s executive vice president and CFO, told investors.

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