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Health Net to be acquired for $6.8 billion by Centene

2015-07-02 17:00:20| Beverages - Topix.net

Woodland Hills insurer Health Net Inc. has agreed to be acquired for $6.8 billion by a St. Louis rival in what may be the start of an industrywide merger wave. Centene Corp. on Thursday said it would buy Health Net, California's fourth-largest health insurer, in a cash-and-stock deal worth $6.8 billion, including $500 million in debt.

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