Bankia announced in early April it has agreed to sell its 50% stake in the health management group Ribera Salud to the Centene Corporation from the United States, which specialises in health services.
Ribera Salud holds stakes in four hospital concessions:
The sale was accomplished by means of a competitive process involving interested investors and is among the bank's commitments as set out in the Restructuring Plan for the BFA-Bankia Group, approved by Spanish and European authorities in November 2012.
Centene Corporation is a leading company in the American health sector and is quoted on the New York Stock Exchange. It has more than 30 years of experience working with state governments in the USA.