Health Net, an American health care insurance provider that Centene Corporation acquired in 2016 for $6.8 billion has brought legal trouble to its parent company yet once again. A fresh lawsuit (https://bit.ly/3bgs8Yw) has been filed in the US District Courts against Health Net, Centene and its CEO Michael Neidorff, and several others alleging racketeering and a conspiracy that drove a whistleblower, Sovereign Health Group, out of business in 2018 just to keep the irregularities in Centene’s Health Net acquisition away from scrutiny.
Health Net, which provides health benefits to approximately 5.9 million individuals in all 50 states and the District of Columbia through group, individual, Medicare, Medicaid, Tricare, and Veterans Affairs programs, was acquired by Centene in 2016 despite criticism by many of its investors. There have been allegations and lawsuits in the past as well that hinted upon wrongdoings in the deal, which were settled by Centene out of court.
The new lawsuit brings the irregularities in the acquisition to the limelight yet once again. This development does call for a deeper scrutiny of the lies that were sold to the investors and shareholders by Centene’s CEO to get necessary approvals for the acquisition from its Board.
The new lawsuit gives rise to speculation that there was definitely something very fishy that happened in the Health Net’s acquisition by Centene Corporation and those involved went to great lengths to keep things under wraps.
It is pertinent to remind here that Michael Neidorff made a windfall and earned a huge amount in cash and stocks as his performance bonus after Centene’s acquisition of HealthNet. Michael Neidorff is said to have sold $20 million worth of his stock soon after and he was the one person who had all information about the deal including everything shady that’s been alleged time and again and which Centene has tried to settle out of court each of the time.
If at all the allegations in the new lawsuit by Sovereign are true, they add a new dimension to the Health Net acquisition story and bring to light the web of lies that was spun by Michael Neidorff and his team to get the deal approved by Centene’s Board of Directors.
Even the Board of Directors will have to answer a lot of questions if the allegations in the new lawsuit are found to be true as the members of the board must have benefited from the deal as well while they all looked away from all that was wrong with the deal and not calling for a greater scrutiny of the same.
However, if the allegations made in the new lawsuit do stick, the worst hit will be the shareholders of Centene Corporation and those who have bought health insurance from Health Net or any other subsidiary of the company. The innocent shareholders stand to lose their investments and Centene’s customers stand to lose their health cover if the company were to go under.
Unless, of course, another out of court settlement is made by Centene. But even then, it will be a case of “not right now,” and the question of “how long before it does happen” that will keep lingering on. It seems like white collar crime and corruption are eating into the soul of American markets and the small investors are being taken for a huge ride once again!
Rico Torres: No Limitation To What You Can Achieve In Life
Rico loves to enhance individuals’ lives. That is the reason he decided to impart information and mindfulness through the substance he makes. He is a multi-gifted character with his name across numerous life territories. He can utilize substances to move individuals since he has experienced a ton throughout everyday life. Along these lines, to reward society, he utilizes his Instagram to reach and show individuals the genuine estimation of life.
Rico is renowned today not on the grounds that he trusts in cultural standards but since he burrowed profound to discover his motivation. He was very nearly turning into a specialist subsequent to examining Biological Health Science at the University of South Florida. He made a progression of strides that carried him to where he is today.
His experience wasn’t extraordinary compared to others you would respect, yet his flexibility and assurance are something worth loving. Rico is a Colombia-conceived American because of his folks’ movement. Seeing his folks isolated and engaging in anorexia and asthma were testing experiences he confronted growing up.
He would take part in battles in school to try not to be tormented. Along these lines, he needed to change secondary school multiple times. Discouragement set in, and Rico experienced tension. He would not like to live in hopelessness, so he moved himself to deal with his body. Rico is solid today in view of wellness and strength preparing he used to break liberated from psychological instability. Presently, he has an incredible body that makes him perceptible among the group.
Rico is a fruitful businessperson with in excess of ten dynamic organizations, including a few investment properties. As a model, he works together with various brands to be their minister. As a committed extremist, he has gone on clinical mission excursions to Ecuador, Peru, and Nicaragua. This was never an issue for him since he adores voyaging.
With no experience or information about media outlets, Rico relinquished his journey to be a specialist to begin new vocations altogether. He accepts with the correct equilibrium, it isn’t difficult to take a stab at something new. In spite of the fact that Rico bombed commonly attempting to be inventive, he was adequately firm to conquer his prosperity deterrents.
Amar Patel – The King of Effective and Reliable Multi-Vitamins In India
In an unfortunate business-dominated world where all those entrepreneurs are concerned with, is profit, there are few who actually do business that matters on an internal level. And by this, we mean the nutrition and health care business. Speaking of nutrition, the one name to be reckoned with in the field is that of entrepreneur Amar Patel. Amar has not only benefited from a business standpoint because of the pandemic but has also helped the country with his superior-quality supplements, which saw a huge sale during the pandemic.
Apart from stocking up on masks, face shields, and sanitisers, another huge product that was consumed by a huge majority, were nutrition supplements. Given COVID attacks one’s immunity, there was a huge surge in the demand for nutrition supplements and the ones that Amar’s company brought to the market, came highly recommended. In fact, his company’s sales skyrocketed to a staggering 415% in just one week of March 2020. And his current sales, now that the threat of COVID-19 has gone down considerably, are still at an amazing 160%.
Amar Patel, himself, is a fitness junkie. And one look at his social media account proves our claim. He definitely promotes healthy living given he is all about health and wellness. Amar has been in this field for the past 8 years and knows the ins and out of how health is of utmost importance for an individual. He is also one of the leading names in the business of manufacturing dietary and multivitamin supplements and related products in the country.
Amar believes that his company has reached where it is today in the market because of his responsible collaborations. This is one entrepreneur who does not wish to risk the quality of his business and its reputation and collaborates with only top nutrition and fitness companies for his products. In fact, his cut-list includes doing business with only those brands that have been featured as top-brands in magazines like Forbes. Well, responsible and smart… the two best qualities of a successful entrepreneur. Wouldn’t you agree?
Burn The Ships: PayCertify Founder Chase Harmer’s Motto for Success
What inspired you to become an entrepreneur?
When I was 19, I got a track scholarship to Cal Poly. It was my dream. But I decided to play a pickup football game over Thanksgiving and messed up my knee pretty badly. I lost my scholarship. Without sports, I didn’t want to stay in school. I felt like there were so many opportunities out in the world that I was eager to take advantage of. I got into door-to-door sales for companies like AT&T and Comcast. From there, I jumped into credit card processing and ultimately decided to start my own business. I’ve been at it for 22 years now.
What accomplishments are you most proud of?
I’m tough on myself, so it’s hard for me to evaluate our work honestly. But when I really look at it, only three companies in the world can do what we’re doing. We’ve done it with less than $21M in capital, and the next lowest raise for a company similar to us took $180M. It wasn’t easy, but we got here with a lot less than others have. That’s something I’m very proud of.
What motto do you live by?
My motto is burn the ships, win or die trying. I have it tattooed on my stomach. It comes from a story about when Hernán Cortés and his men first landed to conquer the Aztec empire. Supposedly, Cortés burned his own ships so that his men couldn’t retreat. They were either going to die there, or they were going to win. There was no way back home. So they had to fight with everything they had.
Entertainment2 days ago
Canadian actress Carrie-Anne Moss was offered a grandmother role the day after her 40th birthday
Technology2 days ago
Samsung Galaxy Z Fold 3 to utilize a less than 4000+ mAh battery capacity
Business1 year ago
STACKIN UP ENTERTAINMENT & MEGATRON MUZIK GROUP/EMPIRE SINGLE DISTRIBUTION COLLABORATION
Entertainment20 hours ago
Joseph Siravo, Sopranos and Jersey Boys star, dies at 66
Business20 hours ago
Amar Patel – The King of Effective and Reliable Multi-Vitamins In India
Science17 hours ago
First supermoon of 2021: Pink moon in this month will be largest and brightest of the year
Sports2 days ago
Los Angeles Angels’ Dexter Fowler with torn ACL injury, out for season
Entertainment13 hours ago
How the Metaphysical World Influenced the Art of Nisha Kapoor