Once MFN was forced out it’s been downhill. Personally I think we will get purchased by someone at the end of the year after the “Big Bill” goes in effect.
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@b0 Agreed! He knew his time was coming to a close and was making money grabs to grow the business to pad his families accounts. He was not worried about stable growth and integration of systems for efficiency.
MFN was part of the problem. Multiple acquisitions without system consolidation/integration. 4 clinical systems at 1 organization is completely asinine and a money pit. We grew too fast, too quickly.
@OP rather they sell and get rid of the entire Leadership!!!
Since Centene shrank itself after the Politan Capital forced reorganization--many service and extension businesses sold off such as Magellan and Collaborative Health--if it's nothing but health plans, it's not all that attractive because of antitrust. But if Centene plans were sold off and the company was broken up, a pure but smaller health plan company like Molina could pick up some parts. Humana and Elevance could do the same. Or the larger health plans could be spun off. I doubt Cigna, often talked about as an acquire, after cleaning up its own house and ditching its Medicare business, would be interested. And UnitedHealth--no way would or could they touch it. Consolidation among insurers is a hot button for the Feds and states.
In the case of a buyout, they will merge, and toss around the word “synergy” which means redundancies and the cuts and severance will continue until moral improves.
What happens to the employees in that case?