Med Advtg Insurer Buys Ritz-Carlton Hotel

… and how exactly is that going to improve my healthcare?

Why Centene quietly bought the St. Louis Ritz-Carlton…

Centene told the city it planned to build a new hotel by 2022, but it purchased the Ritz-Carlton property instead.

Mr. Barrios told the Post-Dispatch the $98 million purchasing price and eventual profits were too small for the payer to have to disclose the purchase in public Securities and Exchange Commission filings.

“It’s probably small relative to the billions that they’re getting through the healthcare,” he said.