State Regulators OK Health Net Deal

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. Read more.

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