Health Net and Centene Foundation Commit $1 Million to Rebuild Los Angeles After Historic Fire Devastation | CNC Stock News

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Apr 17, 2025
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  • Health Net and Centene Foundation (NYSE: CNC) have pledged an additional $750,000 for wildfire recovery in Los Angeles County, raising their total contribution to $1 million.
  • The recovery initiative will focus on respiratory health, mental and behavioral health, children and youth, and housing.
  • Health Net recently announced a $9 million investment to strengthen California's physician workforce, supporting career pathways and professional development.

Health Net, a leading Medi-Cal managed care plan provider, and the Centene Foundation, the philanthropic arm of Centene Corporation (CNC, Financial), announced they are committing an additional $750,000 to support recovery efforts in Los Angeles County following the Eaton Fire devastation. This increases their total contribution to $1 million, aimed at aiding the region's recovery and rebuilding.

The funds will be allocated to local nonprofit organizations directly involved in initiatives such as housing assistance, mental health, healthcare services, and infrastructure rebuilding. Health Net is also organizing a stakeholder meeting with public health departments, community groups, and healthcare providers to assess the community's needs and guide the rebuilding process of healthcare infrastructure.

The convening, co-hosted with HealthBegins, California Community Foundation, Pasadena Community Foundation, and GRACE, will address four key impact areas: respiratory health, mental and behavioral health, children and youth, and housing. This partnership intends to ensure a more resilient, safer, and stronger recovery for Los Angeles County.

This initiative is part of Health Net's broader strategy to enhance California's healthcare system. The organization recently announced a $9 million investment for bolstering the state's physician workforce, creating pathways for individuals to enter the medical field, and providing support for professional development. This effort underlines Health Net's commitment to building a more equitable and sustainable healthcare system.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.