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Centene accused of plundering company it bought for $70M
The claims from Daniel Blakeley concern Centene s 2017 purchase for $70 million of his Foundation Care LLC
Credit: UPI
Centene the Health insurer, has announced plans to eliminate 3,000 workers and 1,500 open positions after recording a fourth-quarter loss of $12 million, in Clayton, Missouri on Thursday, February 11, 2021. The Centene headquarter complex is pictured in Clayton, Missouri. Photo by Bill Greenblatt/UPI Author: Jacob Kirn – St. Louis Business Journal Published: 5:28 AM CDT April 13, 2021 Updated: 5:28 AM CDT April 13, 2021
ST. LOUIS The part-owner of a compounding pharmacy purchased by Centene Corp. (NYSE: CNC) says the Clayton health care giant engaged in pillaging and plundering of its assets, devaluing his remaining stake in the firm.
Posted on 8875
Waller Helms Advisors (“WHA”), an industry leading specialist investment bank focused on the insurance, healthcare, investment, and financial technology sectors, today announced that it has promoted Andrew Cochran and Alex Weiss to Managing Director and invited each to become a Partner in the firm.
Cochran has been instrumental in building out WHA’s insurance practice, with a particular focus on insurance distribution and MGA’s. Prior to joining WHA, Andrew was a member of the Financial Sponsors & Leveraged Finance Group at Macquarie Capital in New York. Andrew began his investment banking career at Fox-Pitt Kelton, where he focused on the insurance sector.
Stephanie Porter-Nichols | Staff
Ernie Sullins doesnât sugarcoat the story of his business career. He remembers when one dollar looked like a fortune, when he spent the better part of nine months sleeping in a box truck and when having too much pride cost him.Â
Fifty or so years later, even more Sullins remembers the people who helped him through those times.
Over the last half a century in Southwest Virginia, the name Ernie Sullins has become synonymous with affordable clothing â from jeans to suits in a wide range of sizes. He specialized in Big & Tall sizes long before department stores did.