This leads to a very stable, predictable revenue flow for Centene. 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. Principal Place of Business and Contact Information 3. Not long ago, companies could reliably project when shareholder activists would strike and ready their defenses in advance. {"search": "/search", "clicked": "/clicked", "portfolio_add": "/portfolio-add", "portfolio_remove": "/portfolio-remove", "portfolio_create": "/portfolio-create", "portfolio_activate": "/portfolio-activate", "portfolio_delete": "/portfolio-delete", "portfolio_rename": "/portfolio-rename", "portfolio_color": "/portfolio-color", "home_filter": "/home-filter", "htmlspeed": "/htmlspeed", "add_tag_firm": "/add-tag-firm", "add_tag_click": "/add-tag-click", "copy_aum": "/copy-aum", "stripe_checkout": "/stripe-checkout", "update_card": "/update-card"}, {"uid": 48314414, "pid": -1, "pid_a": [], "name": "", "email": "", "blacklist_f": false, "paywall_f": false, "paywall_n": 0, "random_n": 0}, Greenbrier Partners Capital Management LLC, Affirmative Investment Management Partners Limited, (a) Individuals (other than high net worth individuals), (b) Individuals (high net worth individuals), (i) State or municipal government entities, (l) Sovereign wealth funds and foreign official institutions, (m) Corporations or other businesses not listed above. Politan Capital has large stake in Masimo August 16, 2022 - Activist investor Politan Capital Management LP has a 9% stake in Masimo worth roughly $750 million, and "plans to push the medical-device company to improve its stock price following a poorly received acquisition," according to a report from The Wall Street Journal. This will make mounting a challenge far more dynamic, potentially strengthen activists appetite for a fight, and require a different strategic mindset to counter. POLITAN CAPITAL, CORP. Company Number 4555618 Previous Company Numbers C4555618 Status Active Incorporation Date 21 January 2020 (almost 3 years ago) Company Type Stock Corporation - CA - General Jurisdiction California (US) Registered Address 7840 FIRESTONE BLVD STE 109 DOWNEY CA 90241 United States Agent Name GUIDO A FUENTES Agent Address For over 30 years we have demonstrated an unwavering commitment to our clients, community and each other. To Continue Reading. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Customer Service. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Stats are not available for the latest quarter, View Last Form Adv Compilation Report on Record. Most recently, Koffey led . Politan Capital Management has invested in Masimo on Aug 15, 2022. Politan Capital Management, a hedge fund with nearly a $900 million stake in Centene, is pressuring the company to replace several board members, The Wall Street Journal reported Nov. 3. 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. Over the past months we have tried to engage constructively with Mr. Kiani and the Board. An activist investor has taken a big stake in Centene Corp. and wants the managed-care company to refresh its board and take other actions to boost its stock, according to people familiar with the matter. Companies that realize this will be well positioned to defend themselves next year; those who dont, wont. Brummer Multi-Strategy, the multi-strategy fund that invests in the hedge funds under the umbrella of Brummer & Partners, redeemed its 1.2 percent allocation to . The company receives a contracted premium per member and is responsible for medical costs. Download (Mbps) Oct 2022 Deutsche Telekom Vodafone 0 20 40 60 80 100 120 140 160 180 200 220 240. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The company's CEO is 78 years old and has served on the board for 25 years. 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. Gala Capital. Fortunately, there is clear a roadmap to success here, as this is exactly what management at WellCare and Molina did to bring their margins up. Victor Mashaal's: Senvest Management. Centene's stock price climbed 0.83% in early trading on Tuesday. Its lead director is 87 years old, has also served on the board for 25 years and has been lead director that entire time (versus an average lead director's tenure of four years for S&P 500 companies). ", View source version on businesswire.com: https://www.businesswire.com/news/home/20221021005274/en/, Media Dan Zacchei / Joe GermaniLongacre Square Partnersdzacchei@longacresquare.com / jgermani@longacresquare.com, Bylaw Amendments, in effect, preemptively block stockholders from nominating candidates for election to the Board, https://www.businesswire.com/news/home/20221021005274/en/, J.B. Hunt's results miss estimates on intermodal weakness, high driver pay, Davos 2023: Convert offices to homes to curb housing crisis-panel, Aviation Capital latest lessor to doubt Airbus, Boeing targets, UPDATE 1-Argentina to buy back $1 bln in overseas debt, economy minister says, Morgan Stanley promotes 184 executives to role of managing directors. The two sides, both of which declined to provide me with a statement on tomorrows hearing, are also fighting over Politans subpoena for discovery that will illuminate Masimo directors deliberations about the advance notice bylaw. Masimo, meanwhile, says the case is fundamentally distinct from books-and-records actions. Find out more about how we use your information in our privacy policy and cookie policy. Centene is the largest provider of health-insurance plans through the Affordable Care Acts marketplaces. This investment - Post-IPO Equity - Masimo - was valued at $750M. He will become executive chairman but will not keep that position beyond 2022. POLITAN CAPITAL PARTNERS L.P. (DOS ID: 6283541) was incorporated on 2021-09-17 in New York. While owning a house may provide a sense of stability and serve as a huge capital asset, taking a house on rent gives greater financial and physical flexibility . Companies now face attacks throughout the year from all angles and by both familiar and unfamiliar aggressors. Politan and Politan GP share facilities . Most recently, Koffey led the activism strategy at Senator Investment Group. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. It was founded in 2021 and is based in New York, New York. The company's shares rose 7 percent Wednesday after reporting broke of . Partners. Or Call (212) 223-2282 For Username and Password. Hotels near Zeithain Station, Riesa on Tripadvisor: Find traveler reviews, 575 candid photos, and prices for 614 hotels near Zeithain Station in Riesa, Germany. 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. For this reason, activists with ESG-related ambitions will be thinking more about the economic arguments in their proposals, and crafting them to ensure that the sustainability reforms they advance stay focused on the bottom line. Auditor. Politan owned 12.9. All quotes delayed a minimum of 15 minutes. Investments Number of Investments 1 Number of Lead Investments 1 Politan Capital Management has invested in Masimo on Aug 15, 2022. If Politan prevails, boards at other companies could see their advance-notice bylaws which are generally far less strict thrown out under similar legal scrutiny. CBI websites generally use certain cookies to enable better interactions with. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Got a confidential news tip? This organization has been operating for approximately 5 years. 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. Custodian. Sustainable Capital: To ESG or Not to ESG? Koffey is operating Politan more like a private equity fund than a traditional long-short equity hedge fund, as it can draw down locked up capital to give it enough time to accomplish its goals through active engagement with boards and management teams to improve governance, operations or strategic direction. Issuer's Identity 2. site you are consenting to these choices. Hes going to have a lot to think about on Tuesday. Morgan Stanley & Co LLC, First Republic Securities Company LLC. You may change your billing preferences at any time in the Customer Center or call All Jeans + Pants 25% off! Mr. Politan is also a member of the Global Finance Practice Group. Howard Marks's: Oaktree Capital Management. Get this delivered to your inbox, and more info about our products and services. This is a situation that should settle, but if this does go to a proxy fight, we expect that Politan will prevail. And its a growing challenge that looms large over deals of all sizes. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. This organization primarily operates in the Investors, nec business / industry within the Holding and Other Investment Offices sector. Sign In. or to simply have an email sent to you whenever we receive a new Industry: Pooled Investment Fund (See others in industry) Address: C/O Walkers Corporate Limited 190 Elgin Avenue George Town, Grand Cayman, E9, KY1-9008 Phone: 345-814-7600 . Their last reported 13F filing for Q3 2022 included $1,661,104,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Drone Boats: Inside the U.S. Navys Latest Unmanned AI Tech, Watch: California Floods Leave Behind Washed Away Houses, Submerged Cars, Climate Activist Greta Thunberg Detained in Germany During Coal Mine Protest, Why the FTC Says Noncompete Clauses Are Hurting the Economy. 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