Celtic Sold

moonlightandmargaritas · 03-19-2008, 04:58 AM

Details if anybody...yawn...cares...

Centene to buy Celtic Group for $80M - Tampa Bay Business Journal:

somarco · 03-19-2008, 06:26 AM

Just a wag, but this may allow Centene to expand their Medicaid services into other states.

I used Celtic for years in the self funded market. They had one of the few conversion plans availalble in pre-COBRA days.

Their individual products never impressed me and I have wondered why they even bother to remain in that market.

Zydo · 03-19-2008, 06:55 AM

Holy Cow!! Lol

CHUMPS FROM OXFORD · 03-19-2008, 07:02 AM

I used to write a fair amount of their contracts about five years ago. But not any more. Rates shot through the roof.

Side note: I would have thought that a company from Boston would have bought them. Not a St. Louis based group.

healthagent · 03-19-2008, 07:07 AM

I was never a fan of their "district sales manager" set up where I to run basically everything, including prescreens past my "manager" who happened to be in NC and never answered his phone. The pay structure was odd; 10% on most products then a bonus structure only if you kicked out a lot of business.

InsuranceBenefitsGroup · 03-23-2008, 11:54 PM

My European clients would inquire about the company, clearly because of the name only. Contracted with'em for years, wrote about 5 deals. Silly commish schedules and no advances. Pretty competitive rates in SE Florida.