04.23.18 - DOH, DFS approve sale of Fidelis to Centene
"Centene Corporation announced today that the New York Department of Health and the New York Department of Financial Services have approved its acquisition of Fidelis Care for approximately $3.75 billion. The company still needs the approval of Attorney General Eric Schneiderman."
"The twin approvals come three weeks after Gov. Andrew Cuomo and legislative leaders reached a budget deal allowing the state to capture roughly $2 billion from the sale of Fidelis, a nonprofit health insurer, to Centene, a publicly traded company... During the sometimes testy budget negotiations, state officials intimated they may not have approved the deal if Centene and Fidelis refused to let the state have a share of the proceeds."