Centene’s Texas Subsidiary Announces Successful Reprocurement of STAR+PLUS Contract

ST. LOUIS, July 26, 2023 /PRNewswire/ — Centene Corporation (NYSE: CNC) announced today that its Texas subsidiary, Superior HealthPlan (Superior), will continue to provide the aged, blind and disabled (ABD) population with healthcare coverage through the STAR+PLUS program. A new six-year contract, with a maximum of three additional two-year extensions, was awarded to Superior by Texas Health and Human Services Commission (HHSC). Superior has been a provider of STAR+PLUS coverage since 2007.

“We are pleased to continue our partnership with the state to help build a healthier Texas,” said Centene’s Chief Executive Officer, Sarah M. London. “Together, with our network of local providers and community partners, we are humbled to coordinate services and address the complex medical and non-medical needs of these members.”

The new contract award means Superior will continue providing STAR+PLUS coverage in seven service delivery areas. Six of those will remain the same while Superior will add the Travis County SDA, which includes Austin, and will no longer serve the Bexar County SDA, which includes San Antonio.

The anticipated operational start date for the new contract awards is September 2024. At that time, Superior will support members in these service delivery areas:

• Central Texas
• Dallas
• Hidalgo
• Lubbock
• Nueces
• Travis
• West Texas

“Superior is honored to be entrusted with providing comprehensive healthcare and support to the STAR+PLUS population,” said president and CEO of Superior HealthPlan, Mark Sanders. “For more than 15 years, we have served this vulnerable population and will continue to work hard each day to ensure they receive access to quality and holistic healthcare.”

In partnership with HHSC, Superior has served individuals enrolled in Medicaid since 1999. The organization also focuses on providing quality healthcare coverage for underinsured and uninsured individuals through its federal insurance marketplace plan, Ambetter Health. Additionally, Superior provides insurance for the Medicare population through its Medicare Advantage plan, Wellcare.

About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on underinsured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace and the TRICARE program. The Company also contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and value creation as well as the development of its people, systems, and capabilities so that it can better serve its members, providers, local communities, and government partners.

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, https://investors.centene.com/.

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(Envolve)), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we previously recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations will be brought by states, the federal government or shareholder litigants, or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; 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 or dispositions; any changes in expected closing dates, estimated purchase price, and accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; a downgrade of the credit rating of our indebtedness; the availability of debt and equity financing on terms that are favorable to us; 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 (SEC), 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