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Centene to spend $1.65B to shed real estate holdings

Centene to spend $1.65B to shed real estate holdings

Centene will spend up to $1.65 billion to reduce its domestic real estate footprint, the company announced Friday during its investor day.

The for-profit health insurer expects shedding 65% of its domestic leased space will cost $800 million. Centene also eyes another $850 million in spending on sales or subleases of space in buildings it owns. The company anticipates the expenses to primarily impact its second and third quarter earnings….


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