U.S. Medical Management Sells Majority Interest To St. Louis-Based Centene

Circle Connections: Mergers & Acquisitions U.S. Medical Management (USMM), a Troy-based home care company, sold a majority interest in the company to St. Louis-based Centene Corp. for about $200 million. Under the deal, Centene will acquire a 68 percent interest in U.S. Medical Management, which was founded by CEO Mark Mitchell in 1993. Expected to close in early 2014, the purchase is expected to be funded with one-third cash and two-thirds Centene stock. Centene owns Medicaid managed care HMOs and other health plans in 19 states. It also contracts with other organizations to provide . . .