Subscribe to WhaleWisdom to view all filing data Industry: Pooled Investment Fund (See others in industry) Address: C/O Walkers Corporate Limited 190 Elgin Avenue. WebDoug Neff is a Co-Founder of IHP Capital Partners and serves as Chairman of IHPs Investment Committee. Performance Investment Advisor The trick, Finerman explained, is to act, plan and believe as if you can and will succeed. Vinnie Politan Wife Dolly Politan Is A Sales Associate At Weichert Realtors, DB Woodside And Golden Brooks Daughter Dakota Tao Brooks Politan Capital Offshore Partners LP. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. for POLITAN CAPITAL MANAGEMENT LP, Top 20 equal-weighted holdings. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE ANNOUNCES CHANGES TO BOARD OF DIRECTORS, CENTENE CORPORATION SCHEDULES 2023 FIRST QUARTER FINANCIAL RESULTS CONFERENCE CALL. Our Standards: The Thomson Reuters Trust Principles. Koffey, who previously worked at hedge funds Senator Investment Group and DE Shaw, has a reputation for operating behind the scenes and has been credited with helping push Lowe's Cos (LOW.N) to replace executives and board members. https://www.politanmgmt.com/ The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. All rights reserved. The industry leader for online information for tax, accounting and finance professionals. Centene also has been undergoing a review of its businesses to simplify and optimize its portfolio and enhance its market position as well as drive margin expansion, including today's announcement regarding our sale of a majority stake in U.S. Medical Management. 2020 IHP Capital Partners. Politan Capital reportedly took a $900 million stake in Centene Corp. last year and in December the company reached a cooperation agreement with the activist. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. They require providing information that a nominating stockholder either does not have access to or is prohibited from disclosing due to confidentiality obligations. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Politan Capital Partners LP. Dover, DE 19904. Masimo responded that the disclosures were insufficient and did not comply with the bylaws, further reinforcing that the Bylaw Amendments, in effect, preemptively block stockholders from nominating candidates for election to the Board. Politans suit seeks to declare the Bylaw Amendments unenforceable, find that the Companys directors breached their fiduciary duties by approving and implementing the amendments, invalidate the change of control provisions in the CEOs employment agreement that could result in hundreds of millions of dollars of value being transferred to Chairman and CEO Joe Kiani even if only two of directors on the Board were replaced, and enjoin Masimo and the Board from taking any actions to prevent Politan from exercising its rights to nominate candidates for election to the Board. Firm Details for POLITAN CAPITAL MANAGEMENT, AUM = 1172004771.00, Last Form ADV Filed : 25-July-2022, Officers: POLITAN CAPITAL MANAGEMENT GP, to see more advanced email alert options such as selecting any type of Six board members will be leaving and Michael Neidorff, 77, who has led Centene since 1996, will retire as CEO next year, the company said. See here for a complete list of exchanges and delays. Mr. Ashai has a Bachelor of Science degree in Chemical Engineering from Pakistan and has an MS in Chemical Engineering & MBA from the USC. ST. LOUIS, Nov. 3, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today issued the following statement with regard to Politan Capital Management:. How do I update this listing? Over the past months we have tried to engage constructively with Mr. Kiani and the Board. for Q4 2022: Percentage of assets under management,Performance-based fees, MANAGING PARTNER, CHIEF INVESTMENT OFFICER, AND CHIEF COMPLIANCE OFFICER | LIMITED PARTNER, PORTFOLIO MANAGER AND CHIEF COMPLIANCE OFFICER, MANAGING MEMBER POLITAN CAPITAL MANAGEMENT GP, LLC. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Industry: Pooled Investment Fund (See others in industry) Address: C/O Schulte Roth & Zabel Llp 919 Third Avenue, Suite 2300. Whalewisdom has at least 5 13F filings, and 5 13D filings. DELAWARE DOMESTIC LIMITED-LIABILITY COMPANY. 1748 W PERSIMMON ST RIALTO, CA 92377 the MV of securities sold, whichever is less, You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to: the impact of COVID-19 on global markets, economic conditions, the healthcare industry and our results of operations and the response by governments and other third parties;our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates due to the impact of COVID-19; the risk that regulatory or other approvals required for the Magellan Acquisition may be delayed or not obtained or are subject to unanticipated conditions that could require the exertion of management's time and our resources or otherwise have an adverse effect on us; the possibility that certain conditions to the consummation of the Magellan Acquisition will not be satisfied or completed on a timely basis and accordingly, the Magellan Acquisition may not be consummated on a timely basis or at all; uncertainty as to the expected financial performance of the combined company following completion of the Magellan Acquisition; the possibility that the expected synergies and value creation from the Magellan Acquisition or the WellCare Acquisition (or other acquired businesses) will not be realized, or will not be realized within the respective expected time periods; the risk that unexpected costs will be incurred in connection with the completion and/or integration of the Magellan Acquisition or that the integration of Magellan Health will be more difficult or time consuming than expected, or similar risks from other acquisitions we may announce or complete from time to time; the risk that potential litigation in connection with the Magellan Acquisition may affect the timing or occurrence of the Magellan Acquisition or result in significant costs of defense, indemnification and liability; disruption from the announcement, pendency, completion and/or integration of the Magellan Acquisition or from the integration of the WellCare Acquisition, or similar risks from other acquisitions we may announce or complete from time to time, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; a downgrade of the credit rating of our indebtedness; the inability to retain key personnel; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder that may result from changing political conditions, the new administration or judicial actions; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Envolve Pharmacy Solutions, Inc. (Envolve), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we have recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations relating to our PBM business will be brought by states, the federal government or shareholder litigants, or government investigations; timing and extent of benefits from strategic value creation initiatives; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions, including the Magellan Acquisition; changes in expected closing dates, estimated purchase price and accretion for acquisitions; the risk that acquired businesses will not be integrated successfully; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. Industry focus areas include business and transaction services, technology and technology services, business process outsourcing (BPO), value added distribution, niche or specialty manufacturing and selected consumer products. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. NEW YORK, NY Many of the Bylaw Amendments are unprecedented among publicly traded companies. Their last reported 13F filing for Q4 2022 included $1,776,804,232 in managed 13F securities Ehtisham (Bill) Ashai is the President & CEO of Private Equity Partners Incorporated. This requirement ignores the standard confidentiality obligations investment managers have by requesting information the stockholder is unlikely to have, has no right to obtain and otherwise is obligated to keep confidential. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, afterthe date hereof. Among the incoming directors are Kenneth Burdick, a former chief executive at WellCare Health Plans Inc, which Centene bought last year, and Wayne DeVeydt, a former chief financial officer at health insurer Anthem Inc. Christopher Coughlin and Theodore Samuels will also join the board. Manager of Investor Reporting and Finance. To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. This site is protected by reCAPTCHA and the Google Future plans to nominate directors at other public companies in the next 12 months as well as details on any prior proposals or nominations made within the last 36 months. DeVeydt is managing director of Boston-based privater equity firm Bain Capital and former CEO of Surgery Partners Inc., of Nashville, Tennessee. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. If this data is unavailable or inaccurate and you own or represent this business. In addition, the Company is pursuing a comprehensive process to refresh its Board, including having added four new directors, three of whom are independent, over the past two years. Phone: 345-814-7600. Centene intends to use the proceeds from the sale to repurchase stock, in a first step towards a material stock repurchase program. Politan will also have a say in appointing the fifth director who has yet to be named. Centene's stock price climbed 0.83% in early trading on Tuesday. As previously disclosed, the Company intends to make further changes to the composition of the board and diversity will continue to be a strong consideration. This will schedule a job to export all requested 13f holdings data for this filer. Create Email Alert, ***Log In or Sign-up Depending on the investment opportunity Palladian may use its own capital, access PCPs network of family offices and individuals, or may bring in partners from our network of other well qualified institutional private equity investors. Masimos bylaws eliminate stockholders ability to nominate directors and restrict stockholder voting to only those candidates selected by the incumbents. During this time he developed various patents in the coatings & automotive industry. These disclosures would chill important and permitted communications among stockholders communications that the Securities and Exchange Commission has expressly encouraged and facilitate the harassment of any potential supporters of a stockholders efforts to nominate new directors. from 8 AM - 9 PM ET. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. SEC form, multiple filers or classes of filers, and much more.***. Alt Turnover is calculated by taking either the total MV of new purchases or Centeneoffers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by theHealth Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. email address below and choose 'Submit'. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. Please declare your traffic by updating your user agent to include company specific information. Mr. Ashai started his career as a Chemical Engineer in R&D of Polymers for a Company based out of Finland. PCP partners with existing management teams to build profitable, sustainable businesses and to realize significant returns on capital for management, investors, and other partners. Select from over 115 networks below to view available data about this business. Politan owns a roughly $900 million stake in Centene, which is valued at $46 billion. These plans are highly sensitive intellectual property, and prior non-public engagements are typically subject to confidentiality agreements. Information demands include: The names of the nominating stockholders passive limited partners ("LPs") as well as their and their families investment holdings in the Companys competitors or counterparties to litigation (including stock holdings in companies as commonly held as Alphabet Inc., Amazon.com Inc., Apple Inc., Medtronic plc, and Samsung Electronics Ltd). Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Politan had held discussions with the St. Louis-headquartered company to push for new board members to be added. WebPolitan Capital Management LP: Address: c/o Schulte Roth Zabel Llp 919 Third Avenue, Suite 2300 New York, NY 10022: Source or to simply have an email sent to you whenever we receive a new The suit is in response to amendments to Masimos bylaws that the Company adopted on September 9, 2022 (the "Bylaw Amendments") one week after its only meeting with Politan at which time the Board also instituted a stockholder rights agreement (commonly known as a poison pill). We welcome constructive ideas to enhance these efforts. The managed-care provider said it would name five new board members amid pressure from activist hedge fund Politan Capital Management. You are limited to the prior 8 quarters of 13F filings. Politan Capital Management has reported an 8.4% interest in MASI for investment purposes. The very next week the Company rejected our request for a meeting and amended its bylaws to effectively block stockholders ability to nominate directors. Dun & Bradstreet, Inc. 2023. Note: We do not offer technical support for developing or debugging scripted downloading processes. All quotes delayed a minimum of 15 minutes. Download 13F Summary Our investment strategy is to work with existing management teams to accelerate growth and enhance the value of a business by providing capital, marketing expertise, operating refinements, access to acquisition opportunities and other resources that may not have been previously available. Their Centene looks forward to ongoing engagement with Politan and all of its shareholders. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. and a top 10 holdings concentration of 100.0%. Mr. Neff is also the Co-Founder and Chief Executive Officer of Newport Pacific Land Company, an affiliate company of IHP Capital Partners. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We are a boutique Private Equity Real Estate Investment Fund. As previously disclosed, Centene has been aggressively implementing a plan to accelerate value creation. Politan Capital Management's largest holding is Centene Corp with shares held of 13,114,580. 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