Centene Corporation Announces Envolve Center Name Change To The Centene Center for Health Transformation

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Feb 11, 2019, 07:00 ET

ST. LOUIS, Feb. 11, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that the Envolve Center for Health Behavior Change, a community-corporate-academic healthcare partnership between Centene, Washington University in St. Louis, and Duke University, is changing its name to the Centene Center for Health Transformation™.

The Centene Center for Health Transformation emerged as a formal, funded collaboration after years of a shared vision between leadership of Washington University in St. Louis and Centene Corporation. Thought leaders from both organizations envisioned an entity that could leverage academic research expertise and Centene's industry resources to create and implement evidence-based innovations that could concretely improve the health of vulnerable populations across the country.

"The Centene Center for Health Transformation's mission is advancing life-centric health research to improve lives so communities can thrive," said Michael F. Neidorff, Chairman and CEO for Centene. "The Center aligns with our purpose of transforming the health of the community, one person at a time."

The Centene Center for Health Transformation plans to expand its research and reach, foster research collaborations, catalyze new ideas, demonstrate thought leadership, and assist investigators in the development of new research that is important to individuals and communities. To date, the collaboration has completed 12 studies ranging from unmet basic needs to diabetes management and has published three papers. Sixteen additional studies are planned to begin or come to fruition in the next 18 months.

As part of the name change, the Centene Center for Health Transformation has launched a new website with improved user accessibility and interactivity including in-depth display of current, past, and planned evidence-based research studies with applicable findings; educational videos, presentation events, and webinars; and online capabilities for interested organizations/partners to communicate with the Center. The new website can be found at http://www.centenecenter.wustl.edu/.

About Centene Corporation
Centene Corporation, a Fortune 100 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long-Term Services and Supports (LTSS), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as "Part D"), dual eligible programs and programs with the U.S. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, http://www.centene.com/investors.

About the Centene Center for Health Transformation™
The Centene Center for Health Transformation is a partnership between Washington University in St. Louis, The Center for Advanced Hindsight at Duke University and Centene Corporation. The Centene Center advances life-centric health research to improve lives so that communities can thrive.

About the Brown School at Washington University in St. Louis
The George Warren Brown School of Social Work at Washington University in St. Louis creates positive social change through its path-breaking research and educational excellence. The Brown School offers doctoral, Master of Social Work, and Master of Public Health degrees, and its MSW program is ranked number one in the country by U.S. News and World Report. The School's international community of faculty, students and graduates works throughout St. Louis, across the country and worldwide to apply new knowledge and use the best available evidence to impact policy, practice and service delivery. The School is also home to 13 research centers and applied programs. For more information, visit brownschool.wustl.edu.

About Duke University's Center for Advanced Hindsight
The Center for Advanced Hindsight (CAH) at Duke University seeks to apply evidence based behavioral insights to real world problems and rigorously test their impact. The CAH team has vast experience in designing and implementing interventions that draw on behavioral economics to produce positive changes in consumer financial and health behaviors, including those related to medication adherence, exercise, nutrition and health policy. A core focus of CAH is the dissemination of science to the greater public and translation of research findings into practice.

Forward-Looking Statements
All statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Centene (the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, growth strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of our recent acquisition (Fidelis Care Acquisition) of substantially all the assets of New York State Catholic Health Plan, Inc., d/b/a Fidelis Care New York (Fidelis Care). These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. All forward-looking statements included in this press release are based on information available to us on the date hereof. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including but not limited to: our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act , collectively referred to as the Affordable Care Act (ACA) and any regulations enacted thereunder that may result from changing political conditions or judicial actions, including the ultimate outcome of the District Court decision in "Texas v. United States of America" regarding the constitutionality of the ACA; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products on federally facilitated and state-based Health Insurance Marketplaces; tax matters; disasters or major epidemics; the outcome of legal and regulatory proceedings; changes in expected contract start dates; provider, state, federal and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including but not limited to Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of pending or future litigation or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the possibility that the expected synergies and value creation from acquired businesses, including, without limitation, the Fidelis Care Acquisition, will not be realized, or will not be realized within the expected time period; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions, including the Fidelis Care Acquisition; disruption caused by significant completed and pending acquisitions, including, among others, the Fidelis Care Acquisition, making it more difficult to maintain business and operational relationships; the risk that unexpected costs will be incurred in connection with the completion and/or integration of acquisition transactions, including, among others, the Fidelis Care Acquisition; changes in expected closing dates, estimated purchase price and accretion for acquisitions; the risk that acquired businesses, including Fidelis Care, will not be integrated successfully; the risk that, following the Fidelis Care Acquisition, we may not be able to effectively manage our expanded operations; restrictions and limitations in connection with our indebtedness; our ability to maintain the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs.

SOURCE Centene Corporation