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Centene’s profit rises 56%

Centene Corp.’s third quarter revenue climbed 86 percent to reach $10.8 billion, driven up by the managed care company’s acquisition of Health Net.

Net earnings attributable to Centene (NYSE: CNC) for the quarter were $145 million, up from $93 million in the prior-year quarter.

Earlier this year, Centene bought Health Net for $6.3 billion, creating the nation’s largest Medicaid managed care organization. The company said in its earnings report that it continues to make progress on resolving…

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