{"id":28748,"date":"2012-06-09T09:22:00","date_gmt":"2012-06-09T09:22:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/centene-surges-on-receipt-of-ohio-medicaid-contract-cnc\/28747\/"},"modified":"2012-06-09T09:22:00","modified_gmt":"2012-06-09T09:22:00","slug":"centene-surges-on-receipt-of-ohio-medicaid-contract-cnc","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/centene-surges-on-receipt-of-ohio-medicaid-contract-cnc\/28748\/","title":{"rendered":"Centene Surges on Receipt of Ohio Medicaid Contract (CNC)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/06\/Centene.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-28749\" title=\"Centene\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/06\/Centene-300x79.jpg\" alt=\"\" width=\"300\" height=\"79\"><\/a>Shares of Centene Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=CNC\" target=\"_blank\" rel=\"noopener\">NYSE: CNC<\/a>), a multi-line healthcare enterprise providing programs and services to the number of under-insured and uninsured individuals, saw a huge rally in trading on Friday after the company announced that it received Ohio Medicaid contract.<\/p>\n<p><span id=\"more-28748\"><\/span><\/p>\n<p>CNC shares rose to an intra-day high of $36.45 before ending the day 8.01% higher at $35.47 on above average volume of 2.40 million.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Centene said on Friday that it has been informed by the Ohio Department of Job and Family Services (ODJFS) that Buckeye Community Health Plan, which is CNC\u2019s Ohio subsidiary, has been chosen as one of five health plans to be awarded a contract to serve Medicaid members in Ohio, effective January 2013.<\/p>\n<p>As per the new state contract, Buckeye will be operating statewide through Ohio\u2019s three newly aligned regions. The company said that the contract for CFC and ABD recipients has been combined into a single contract for each region.<\/p>\n<p>Buckeye was not included in the initial five health plans announced by ODJFS on April 6, 2012. However, Buckeye filed a formal protest on April and following a review of applications, the ODJFS recommended Buckeye to be awarded a Medicaid contract.<\/p>\n<p>Commenting on the development, Steven White, President and CEO of Buckeye Community Health Plan, said that Buckeye has been long been committed to carrying out its mission of delivering innovative healthcare solutions that result in healthy outcomes for Ohio\u2019s Medicaid recipients and the company is pleased to continue its partnership with the state of Ohio.<\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/progress-software-shares-tumble-on-preliminary-q2-results-prgs\/28750\"><br \/>\nProgress Software Shares Tumble on Preliminary Q2 Results (PRGS)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/centene-surges-on-receipt-of-ohio-medicaid-contract-cnc\/28748\"><br \/>\nCentene Surges on Receipt of Ohio Medicaid Contract (CNC)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-higher-15\/28746\"><br \/>\nGold Prices Settle Higher<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-end-sharply-higher-post-biggest-weekly-gains-for-the-year\/28745\"><br \/>\nStocks End Sharply Higher; Post Biggest Weekly Gains for the Year<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-higher-finish-25\/28701\"><br \/>\nStocks Headed for a Higher Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-prices-marginally-higher-silver-prices-in-red-2\/28698\"><br \/>\nGold Prices Marginally Higher; Silver Prices in Red<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-rebound-on-spain-rescue-hopes\/28696\"><br \/>\nStocks Rebound on Spain Rescue Hopes<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Centene Corporation (NYSE: CNC), a multi-line healthcare enterprise providing programs and services to the number of under-insured and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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