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Centene to buy Fidelis Care for $3.7B

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Health insurer Centene announced yesterday it would buy Fidelis Care for $3.7 billion.

Through Fidelis, Centene would purchase an established insurer in New York's Affordable Care Act, Medicaid and Medicare Advantage markets.

Through the first half of the year, Fidelis posted nearly $5 billion in revenue and had over 1.6 million health plan members.

Centene had nearly 1.1 million customers enrolled in ACA marketplace plans as of June 30.

Read more from Forbes.

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