Centene Signs Definitive Agreement To Sell Majority Stake In U.S. Medical Management, Which Provides Home-Based Primary Care

Centene Corporation signed a definitive agreement to sell a majority stake in U.S. Medical Management, LLC (USMM), which provides home-based primary care. The buyers are Rubicon Founders; Valtruis, a WCAS company; Oak HC/FT; and HLM Venture Partners. Centene will retain a minority stake in USMM. Financial terms of the agreement were not disclosed. Centene intends to use the proceeds from the sale to repurchase stock.

USMM is a family of companies dedicated to providing high-quality, coordinated health care in the home. USMM has also developed and owns several allied health assets, which assist in the provision . . .