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Centene to sell Illinois unit to CVS

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St. Louis-based Centene Corp. announced plans to sell its Illinois unit, dubbed IlliniCare Health Plan Inc., to CVS Health Corp.

Transaction terms were not disclosed for Centene's Medicaid and Medicare Advantage business lines in Illinois.

The divestiture comes as Centene seeks to close its roughly $15 billion deal to buy smaller rival WellCare Health Plans Inc.

Read more from the St. Louis Post-Dispatch.

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