Cognizant Provides Update on Health Net Relationship; Reaffirms 2015 Guidance

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Go back to Cognizant Provides Update on Health Net Relationship; Reaffirms 2015 Guidance

Cognizant (CTSH) Issues Updae on Reationship with Health Net; Reaffirms FY15 Outlook

July 2, 2015 9:27 AM EDT

Cognizant (NASDAQ: CTSH) provided an update on the status of its relationship with Health Net, Inc. (NYSE: HNT) and reaffirmed its 2015 guidance following the announcement that Health Net has entered into an agreement to be acquired by Centene Corporation (NYSE: CNC).

Health Net Relationship"Today's announcement by Health Net and Centene is yet another example of how the healthcare landscape is rapidly changing, with increasing focus on medical costs, consumerization and a changing regulatory environment driving consolidation as well as an ongoing search... More