ST. LOUIS, Jan. 22 /PRNewswire-FirstCall/ -- Centene Corporation today announced the pricing of its previously announced follow-on public offering of 5,000,000 shares of its common stock at a public offering price of $19.25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares at the public offering price to cover any over-allotments. The offering is scheduled to close on January 27, 2010.
The shares are being offered through underwriters led by BofA Merrill Lynch, Goldman, Sachs & Co., J. P. Morgan Securities Inc., and Credit Suisse Securities (USA) LLC. Barclays Capital Inc., Allen & Company LLC, and Stifel, Nicolaus & Company, Incorporated are the co-managers of the offering. The offering is being conducted pursuant to an effective registration statement filed on January 19, 2010 with the Securities and Exchange Commission.
About Centene Corporation
Centene Corporation is a leading multi-line healthcare enterprise that provides programs and related services to individuals receiving benefits under Medicaid, including the Children's Health Insurance Program (CHIP), as well as Aged, Blind, or Disabled (ABD), Foster Care, Long-Term Care and Medicare (Special Needs Plans). The Company operates local health plans and offers a wide range of health insurance solutions to individuals and the rising number of uninsured Americans. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, life and health management, managed vision, telehealth services, pharmacy benefits management and medication adherence.
CONTACT: Edmund E. Kroll, Senior Vice President, Finance and Investor
Relations of Centene Corporation, +1-212-759-0382
Web site: http://www.centene.com/
