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Health Net: Difference between revisions
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=== Mergers and Acquisitions === | === Mergers and Acquisitions === | ||
On July 2, 2015, [[Centene Corporation]] announced it would acquire Health Net for $6.8 billion.<ref name=":2" /> The acquisition was completed in March 2016 and combined headquarters were established in St. Louis, Missouri.<ref name=":2" /><ref name=":4" /> The acquisition resulted in Health Net Federal Services (HNFS) becoming a separate subsidiary of Centene.<ref>{{Cite web|last=Robertson|first=Kathy|date=10 November 2016|title=Exclusive: Health Net gets new $17.7 billion military health care contract|url=https://www.bizjournals.com/sacramento/news/2016/11/10/exclusivehealth-net-gets-new-17-7-billion-military.html|access-date=2021-09-20|website=www.bizjournals.com}}</ref><ref>{{Cite web|last1=Sauter|first1=Michael|last2=Stebbins|first2=Samuel|title=These 30 companies, including Boeing, get the most money from the federal government|url=https://www.usatoday.com/story/money/business/2019/03/27/lockheed-martin-boeing-get-most-money-federal-government/39232293/|access-date=2021-09-20|website= | On July 2, 2015, [[Centene Corporation]] announced it would acquire Health Net for $6.8 billion.<ref name=":2" /> The acquisition was completed in March 2016 and combined headquarters were established in St. Louis, Missouri.<ref name=":2" /><ref name=":4" /> The acquisition resulted in Health Net Federal Services (HNFS) becoming a separate subsidiary of Centene.<ref>{{Cite web|last=Robertson|first=Kathy|date=10 November 2016|title=Exclusive: Health Net gets new $17.7 billion military health care contract|url=https://www.bizjournals.com/sacramento/news/2016/11/10/exclusivehealth-net-gets-new-17-7-billion-military.html|access-date=2021-09-20|website=www.bizjournals.com}}</ref><ref>{{Cite web|last1=Sauter|first1=Michael|last2=Stebbins|first2=Samuel|title=These 30 companies, including Boeing, get the most money from the federal government|url=https://www.usatoday.com/story/money/business/2019/03/27/lockheed-martin-boeing-get-most-money-federal-government/39232293/|access-date=2021-09-20|website=USA Today|language=en-US}}</ref> | ||
In 2018, Health Net in Arizona was merged into other Centene holdings to form Arizona Complete Health, and Martha Smith was named as its Plan President and CEO.<ref>{{Cite web|title=Health Net name disappearing in Arizona|url=https://www.bizjournals.com/phoenix/news/2018/10/04/health-net-name-disappearing-in-arizona.html|access-date=2019-06-21|work=Phoenix Business Journal}}</ref><ref>{{Cite web |title=Investments in telehealth solutions in Arizona address the need for members to continue essential care |url=https://www.bizjournals.com/phoenix/news/2021/03/11/investments-in-telehealth-solutions-in-arizona-add.html |access-date=2022-07-13 |website=www.bizjournals.com}}</ref> Separately, in September 2019, Brian Ternan was appointed CEO of Health Net in California, leading operations in that state.<ref>{{Cite web|last=Russell|first=John|date=30 January 2020|title=Anthem sues senior executive who took job with competitor, demands return of $4M|url=https://www.ibj.com/articles/anthem-sues-executive-who-took-job-with-a-competitor-demanding-he-return-4m|access-date=2020-11-18|website=Indianapolis Business Journal|language=en-US}}</ref> | In 2018, Health Net in Arizona was merged into other Centene holdings to form Arizona Complete Health, and Martha Smith was named as its Plan President and CEO.<ref>{{Cite web|title=Health Net name disappearing in Arizona|url=https://www.bizjournals.com/phoenix/news/2018/10/04/health-net-name-disappearing-in-arizona.html|access-date=2019-06-21|work=Phoenix Business Journal}}</ref><ref>{{Cite web |title=Investments in telehealth solutions in Arizona address the need for members to continue essential care |url=https://www.bizjournals.com/phoenix/news/2021/03/11/investments-in-telehealth-solutions-in-arizona-add.html |access-date=2022-07-13 |website=www.bizjournals.com}}</ref> Separately, in September 2019, Brian Ternan was appointed CEO of Health Net in California, leading operations in that state.<ref>{{Cite web|last=Russell|first=John|date=30 January 2020|title=Anthem sues senior executive who took job with competitor, demands return of $4M|url=https://www.ibj.com/articles/anthem-sues-executive-who-took-job-with-a-competitor-demanding-he-return-4m|access-date=2020-11-18|website=Indianapolis Business Journal|language=en-US}}</ref> | ||