Centene Down on New Community Centre Decision

Centene Corporation (NYSE: CNC) announced today the Centene Charitable Foundation and its Texas health plan, Superior HealthPlan (Superior), have invested $7.9 million in a new, state-of-the-art multipurpose community center in Uvalde, Texas. In partnership with Community Health Development, Inc. (CHDI), a federally qualified health center, the community center will serve as a whole health resource for the entire Uvalde community and its surrounding region. Representatives from Centene, Superior and CHDI hosted a groundbreaking ceremony last Friday at the site location.

"Six days after the horrific tragedy at the Robb Elementary School, Centene and Superior met with CHDI and local leaders to understand how we could best support Uvalde in what will necessarily be a long-term recovery," said CEO Sarah London. "As that process continues, expanding the resources available to the entire community for physical, mental and emotional health is an important step forward."

Once complete, the new community center will house space for primary medical care, behavioral health services, youth development resources, college/job preparation training for students, retail space for local businesses, and a tranquility garden to honor victims of the tragedy that occurred on May 24 of this year.

The Uvalde Community Center is targeting completion in late 2024.

Centene, according to Monday morning’s press release, “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 under-insured and uninsured individuals.”

CNC shares faded 39 cents to $85.40.