On March 22, both of California's health insurance regulators signed off on Centene's $6.8 billion acquisition of Woodland Hills, Calif.-based Health Net., according to California Healthline.
Here are five things to know:
1. The approval comes eight months after various negotiations and public hearings, and marked the final approval Centene needed to close its deal.
2. The Centene-Health Net merger is the smallest of three pending mergers California regulators are reviewing.
3. Per-the-approval, Health Net must maintain its headquarters and the combined entity must spend nearly $370 million to improve healthcare access and quality.
4. To gain approval, Centene agreed to meet directly with regulators to resolve any dispute over proposed rate increases.
5. Health Net covers nearly 3 million Californians.
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