News Headlines Article

State regulators OK Health Net deal, subject to significant conditions
San Francisco Business Times

Both regulators responsible for reviewing insurance mergers in California have now approved Centene Corp.’s $6.8 billion acquisition of Health Net, allowing the controversial deal to move forward. The California Department of Managed Health Care approved the deal Tuesday morning, followed a few hours later by the state Department of Insurance. The DMHC imposed conditions with a total price tag of at least $340 million. The DOI also imposed what Commissioner Dave Jones called “strong conditions,” some of them overlapping with the DMHC’s list.