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. Exclusive news, data and analytics for financial market professionals, Reporting by Svea Herbst-Bayliss, Editing by Louise Heavens, Will Dunham and Chizu Nomiyama, Exclusive: German banks hit by wave of complaints from savers, U.S. banks are dangling promotions to lock in customer deposits, analysts say, Ford plans "dramatic reductions" in product complexity - exec, Analysis: Easter travel warnings pile pressure on European airlines. Stats are not available for the latest quarter, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. NEW YORK, October 21, 2022--(BUSINESS WIRE)--Politan Capital Management (together with its affiliates, "Politan"), an 8.8% stockholder of Masimo Corporation ("Masimo" or the "Company") (NASDAQ: MASI), filed a lawsuit in the Court of Chancery of the State of Delaware today against the Company and its Board of Directors (the "Board"). Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. Receive a one-time comprehensive credit report on this company. Progress towards these goals is well underway -- during its most recently reported third quarter earnings, the Company delivered 11% revenue growth while aggressively managing its costs and margins. New Politan Capital Management LP c/o Schulte Roth & Zabel LLP 919 Third Avenue, Suite 2300 New York, New York 10022 646-690-2830 With a copy to: Richard M. Brand Cadwalader, Wickersham & Taft LLP 200 Liberty Street New York, NY 10281 212-504-6000 (Name, Address and Telephone Number of Person Authorized to Receive You are limited to the prior 8 quarters of 13F filings. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Centene's investor day came amid reports that it's facing pressure to shake up its board from an activist investor, Quentin Koffey, who leads Politan Capital Management. Masimos array of defensive measures is extreme: a staggered board, a poison pill, a change of control provision in its CEO compensation that is triggered just by two directors being replaced, and now these bylaws. Masimos Recent Bylaw Amendments Following Politans Engagement Effectively Preclude Stockholders from Nominating Director Candidates and Are Without Precedent, Politan Hopes for Constructive Engagement with Masimo Yet Now Needs to Defend Stockholder Rights in Court. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial 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. Their 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. partners capital impact homeownership affordable expanding access George Town, Grand Cayman, E9, KY1-9008. It employs 2 employees and is generating approximately $130,000.00 in annual revenue. politan Centene's stock price climbed 0.83% in early trading on Tuesday. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. 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. Mr. Neff is also a member of the Policy Advisory Board of the Fisher Center for Real Estate at the University of California, Berkeley. As part of a sweeping set of changes, the company will also require board members to retire at age 75. The very next week the Company rejected our request for a meeting and amended its bylaws to effectively block stockholders ability to nominate directors. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Industry: Pooled Investment Fund (See others in industry) Address: C/O Schulte Roth & Zabel Llp 919 Third Avenue, Suite 2300. Previously, Michael was a Group Senior VP, The Private Banking & Investment at Merrill. This will schedule a job to export all requested 13f holdings data for this filer. Politan Capital Partners LP. capital While it would still be our preferred path to work constructively with Mr. Kiani and the Board, we must seek relief in Delaware court simply to preserve the fundamental ability to nominate directors in time for Masimos next annual meeting. 1748 W PERSIMMON ST RIALTO, CA 92377 Dun & Bradstreet, Inc. 2023. partners capital logo vector advertisement When typing in this field, a list of search results will appear and be automatically updated as you type. We and our partners use cookies to Store and/or access information on a device. 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. nbk partners capital crunchbase The industry leader for online information for tax, accounting and finance professionals. email address below and choose 'Submit'. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local landon If this data is unavailable or inaccurate and you own or represent this business. DeVeydt is managing director of Boston-based privater equity firm Bain Capital and former CEO of Surgery Partners Inc., of Nashville, Tennessee. https://www.politanmgmt.com/ 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. from 8 AM - 9 PM ET. Industry: Pooled Investment Fund (See others in industry) Address: C/O Walkers Corporate Limited 190 Elgin Avenue. WebPolen Capital was named by Pensions & Investments as a Best Places to Work in Money Management each year for the past seven years. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Politan recently submitted a draft nomination notice with more than 100 pages of information about the firm and its Managing Partner, Quentin Koffey. These plans are highly sensitive intellectual property, and prior non-public engagements are typically subject to confidentiality agreements. Here his responsibilities were executive management, financial controls, acquisitions, audits and investments for both the USA and Dubai, UAE. divided by the total MV of the fund. The managed-care provider said it would name five new board members amid pressure from activist hedge fund Politan Capital Management. Sign-up He will become executive chairman but will not keep that position beyond 2022. At last week's investor day, the company said it expects to add $10 billion in revenue to reach $135 billion for full year 2022, and it said it is on the path to double-digit earnings growth for the next three years. 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. 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