Centene to sell Illinois health plan unit to CVS to aid WellCare deal close
Dec 2 (Reuters) - Health insurer Centene Corp CNC.N said on Monday it would divest its Illinois unit, IlliniCare Health Plan Inc, to CVS Health Corp CVS.N, as it looks to close its $15.27 billion deal to buy smaller rival WellCare Health Plans Inc WCG.N.
The transaction entails the sale of Centene's Medicaid and Medicare Advantage lines of business in Illinois, the company said.
Financial terms of the deal were not disclosed.
(Reporting by Manas Mishra in Bengaluru; Editing by Shinjini Ganguli)
((Manas.Mishra@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 806749 8325;))
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