Press Release

Morgan Lewis Advises Health Net, Inc. in $6.8 Billion Sale to Centene Corporation

July 02, 2015

NEW YORK, July 2, 2015: Morgan Lewis represented Health Net, Inc. in its agreement with Centene Corporation under which Centene will acquire all of the shares of Health Net in a cash and stock transaction valued at approximately $6.8 billion, including the assumption of approximately $500 million of debt. The transaction was announced July 2, 2015 and is expected to close by early 2016. The combination of Centene and Health Net would create a leading diversified multinational healthcare enterprise with more than ten million members across the country and estimated 2015 pro forma premium and service revenues of approximately $37 billion.

The Morgan Lewis team advising on the transaction was led by partners Alec Dawson, Eric Tajcher and David Pollak. Extended members of the team included partners Harry Robins, Gary Rothstein, David Sirignano, Stephen Farrell, Rich Petretti and Ken Kail. Associates David Brenneman, Gina Lauriero, Andrew Mariniello, Andrew Rocks, Elin Lassen and Varun Gupte also provided support.