Contract renewal removes a key overhang for Centene's Illinois Medicaid segment, providing operational stability through 2030. Monitor the next quarterly filing for any financial details or margin commentary on the renewed contract.
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Executive Summary
Centene subsidiary Meridian Health Plan of Illinois was awarded a four-year contract (2027-2030) by the Illinois Department of Healthcare and Family Services to continue providing managed care services under the HealthChoice Illinois Medicaid program. Meridian is one of six selected MCOs and currently serves ~596,000 Medicaid enrollees in the state.
Key Facts
- Meridian Health Plan of Illinois selected by Illinois HFS for a four-year Medicaid contract starting Jan 1, 2027 through 2030.
- Meridian is one of six managed care organizations chosen to serve ~2.4M Medicaid-eligible Illinoisans.
- As of May 2026, Meridian serves over 596,000 Medicaid enrollees in Illinois.
- No financial terms or contract value disclosed in the press release.
Financial Impact
No financial details provided; the contract award secures existing revenue stream from Illinois Medicaid business but does not quantify new revenue or margin impact.
Risk Factors
- Contract terms and reimbursement rates are not disclosed; profitability depends on state funding and medical cost trends.
- Illinois Medicaid program faces potential policy or funding changes that could affect future revenue.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302821756 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | 8-K | $64.41 $69.41 | ▲ +7.76% | ▲ +9.29% | $60.98 (−5.33%) |
Aug 17, 2026 6w ago | Press Release | $64.41 $69.41 | ▲ +7.76% | ▲ +9.29% | $60.98 (−5.33%) |
Jul 16, 2026 11w ago | Court Ruling | $63.89 $66.02 | ▲ +3.34% | ▼ −0.28% | $60.98 (−4.56%) |
Jul 9, 2026 12w ago | Press Release | $67.60 $64.16 | ▼ −5.08% | ▼ −7.32% | $60.98 (−9.80%) |
Jun 22, 2026 14w ago | 8-K | $63.14 $65.84 | ▲ +4.28% | ▲ +3.12% | $60.98 (−3.43%) |
Jun 11, 2026 16w ago | Institutional Cluster | $63.54 $67.60 | ▲ +6.39% | ▲ +4.50% | $60.98 (−4.04%) |
May 15, 2026 19w ago | 8-K | $58.19 $63.40 | ▲ +8.96% | ▲ +6.77% | $60.98 (+4.80%) |
May 12, 2026 20w ago | Court Ruling | $59.27 $65.34 | ▲ +10.23% | ▲ +11.96% | $60.98 (+2.87%) |
Mar 26, 2026 27w ago | DEFA14A | $31.97 $43.41 | ▲ +35.78% | ▲ +23.04% | $60.98 (+90.70%) |
Mar 10, 2026 29w ago | 8-K | $36.39 $37.09 | ▲ +1.92% | ▲ +2.08% | $60.98 (+67.54%) |
US Market Status
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