From signing a definitive agreement to sell an artificial intelligence platform, to shareholders rejecting a pair of proposals zeroing in on executive pay, here are eight updates about Centene that Becker's reported since April 26:
1. In a wide margin, Centene shareholders rejected a pair of proposals that took aim at executive pay. Both proposals were shareholder-submitted. One would have tied pay to maternal morbidity metrics. The other asked to give shareholders more input on how much senior managers are paid when they leave the company.
2. A Maryland Heights, Mo., office building Centene invested millions in but rarely used is up for sale.
3. A Connecticut medical practice's lawsuit alleging Centene failed to reimburse it for COVID-19 testing services was thrown out after the practice missed a deadline to refile the case.
4. Centene gained 1,394,100 total new members in the first quarter of 2023.
5. L.A. Care Health Plan and Centene subsidiary Health Net said it is investing $114 million into initiatives aimed at addressing homelessness and housing insecurity as social determinants of health in Los Angeles County.
6. Centene signed a definitive agreement to sell artificial intelligence platform Apixio to the private equity firm New Mountain Capital.
7. Centene had a CEO-to-median-employee pay ratio of 171-to-1 in 2022, the lowest among big payers.
8. Centene was one of 17 payers named among the nation's best employers for diversity.