A prominent proxy firm on Wednesday recommended that shareholders vote in favor of Centene Corp.’s $17.3 billion acquisition of WellCare Health Plans.
In a release, managed care provider Centene announced that Institutional Shareholder Services Inc. has approved of the deal and recommended that stockholders for both Centene (NYSE: CNC) and Tampa-based WellCare (NYSE: WCG) vote for the transaction at each of their separate meetings that take place on June 24.
