NeueHealth Announced That Centrum Health Became A Wholly Owned Subsidiary Through The Company's Acquisition Of The Remaining 25% Equity Interest Of The Business That It Did Not Already Own
Portfolio Pulse from Benzinga Newsdesk
NeueHealth has completed the acquisition of the remaining 25% equity interest in Centrum Health, making it a wholly owned subsidiary.
October 30, 2024 | 10:54 am
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NeueHealth has acquired the remaining 25% equity interest in Centrum Health, making it a wholly owned subsidiary. This move could strengthen NeueHealth's position in the healthcare sector.
The acquisition of the remaining equity in Centrum Health allows NeueHealth to fully integrate and control the subsidiary, potentially leading to operational efficiencies and strategic benefits. This is likely to be viewed positively by investors, hence a short-term positive impact on NEUE's stock price.
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