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Centurion centene8/11/2023 ![]() In February 2023, Centene was named to the 2023 Bloomberg Gender-Equality Index for the fourth year. In November 2022, Centene completed the divestiture of its ownership stakes in its Spanish and Central European businesses, including Ribera Salud, Torrejón Salud, and Pro Diagnostics Group. (Magellan) business acquired in January 2022. ![]() In December 2022, Centene completed the divestiture of Magellan Rx, which was part of the Magellan Health, Inc. Brent Layton transitioned to Senior Advisor to the CEO in anticipation of his upcoming retirement. Ken Fasola was appointed President of Centene, and Jim Murray was appointed Executive Vice President, Chief Operating Officer. In December 2022, Centene announced leadership changes to position the Company for its next stage of growth. The Company's current contract for health care delivery services is in place through early 2024. In December 2022, the Department of Defense (DoD) announced that the TRICARE Managed Care Support Contracts were not awarded to Centene's subsidiary, Health Net Federal Services. The contracts are anticipated to begin in January 2024. In December 2022, Centene's subsidiary, Health Net of California, was selected by the California Department of Health Care Services for direct Medicaid contracts in 10 counties, including Los Angeles (in which a portion will be subcontracted). In January 2023, Centene completed the divestitures of Magellan Specialty Health, Centurion (its prison healthcare business), and HealthSmart (a third party health plan administration business). "This positive momentum positions us well for 2023 and beyond as we maximize the opportunities ahead for our core business." London, Chief Executive Officer of Centene. We also delivered strong financial results, exceeding our most recent full year guidance," said Sarah M. "Our disciplined focus in 2022 allowed us to successfully execute on foundational work that will support our long-term growth strategy. (1) A full reconciliation of the adjusted diluted earnings per share (EPS) and adjusted selling, general and administrative (SG&A) expenses is shown in the Non-GAAP Financial Presentation section of this release. Total cash flow (used in) provided by operations (in millions) Premium and service revenues (in millions)
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