Close the sale of Magellan Rx
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 26 Jul 2022
- Due
- 31 Dec 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close by the end of 2022.”
What we found
Evidence strength A What the grades mean
The FY2022 10-K describes the Magellan Rx divestiture as completed within 2022, and later filings refer to a gain on its sale. The exact closing date is not stated.
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A Centene Corporation 10-K filed 2023-02-21
“The effective tax rate for the year ended December 31, 2022 is driven by the tax effects of pending and completed divestitures and impairments associated with our ongoing portfolio review, including the Magellan Rx divestiture gain” ✓ confirmed on the page
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A Centene Corporation 10-K filed 2023-02-21
“the redemption of Magellan's outstanding debt of $535 million assumed in the transaction using Magellan's cash on hand” ✓ confirmed on the page
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A Centene Corporation 10-Q filed 2023-10-24
“a $10 million reduction to the previously recorded gain on the sale of Magellan Rx.” ✓ confirmed on the page
Market reaction: the shares moved -0.7% against the S&P 500 over the three sessions around the disclosure (17 Feb 2023 to 23 Feb 2023). What this measures
Checked 10 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Sale of Magellan Rx
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
- Depends on
- Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-CNC-005484 · Corrections policy