Investment will support crisis care, transitional services and housing at the former St. Vincent Medical Center campusLOS ANGELES, April 2, 2026 /PRNewswire/ -- Health Net, one of California&#39;s most experienced

<p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">Investment will support crisis care, transitional services and housing at the former St. Vincent Medical Center campus</i></p><p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">LOS ANGELES</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 2, 2026</span> /PRNewswire/ -- <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=954774259&amp;u=https%3A%2F%2Fwww.healthnet.com%2Fcontent%2Fhealthnet%2Fen_us.html&amp;a=Health+Net" target="_blank" rel="nofollow">Health Net</a>, one of California&#39;s most experienced Medi-Cal managed care health plans and company of <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=3450865552&amp;u=https%3A%2F%2Fwww.centene.com%2F&amp;a=Centene+Corporation" target="_blank" rel="nofollow">Centene Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNC">CNC</a>), is partnering with the <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=1588018148&amp;u=https%3A%2F%2Fwww.centene.com%2Fwho-we-are%2Fcentene-foundation.html&amp;a=Centene+Foundation" target="_blank" rel="nofollow">Centene Foundation</a> to invest $6 million to support the development of the St. Vincent Behavioral Health Campus. The campus will offer behavioral health services and housing to people experiencing mental health and substance abuse challenges.</p>
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<p xmlns="http://www.w3.org/1999/xhtml">&#34;Getting the right care at the right time changes lives,&#34; said Dorothy Seleski, Medi-Cal President at Health Net. &#34;St. Vincent&#39;s supports crisis services, ongoing treatment and housing simultaneously. That continuity of care means better health for our most vulnerable residents and eases pressure on the healthcare system. Health Net remains committed to walking alongside people every step of the way.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Located in MacArthur Park, the St. Vincent Behavioral Health Campus will co-locate behavioral health services and housing in a single, coordinated setting to connect people to care in moments of crisis and support long-term stability and recovery. The campus is being developed on the former St. Vincent Medical Center site. After remaining largely shuttered in recent years, the 7.7-acre campus is being transformed into a comprehensive behavioral health and homeless services hub, reactivating a long-standing healthcare institution to meet today&#39;s urgent behavioral health and homelessness needs. It will:</p><ul xmlns="http://www.w3.org/1999/xhtml" type="disc"><li xmlns="http://www.w3.org/1999/xhtml">Provide immediate crisis care for people with acute behavioral health needs.</li><li xmlns="http://www.w3.org/1999/xhtml">Deliver transitional services focused on stabilization, treatment and care coordination.</li><li xmlns="http://www.w3.org/1999/xhtml">Offer long-term support, including 172 units of permanent supportive housing and 205 behavioral health bridge housing beds, paired with ongoing healthcare, case management and employment assistance.</li></ul><p xmlns="http://www.w3.org/1999/xhtml">&#34;At St. Vincent, our focus is on meeting people where they are and removing barriers to care when it matters most,&#34; said Shay Yadin, Principal at St. Vincent Behavioral Health Campus. &#34;By creating a place where care, support, and housing come together, this campus helps neighbors feel safe, supported, and connected as they take steps toward healing, stability, and a stronger sense of belonging in the community.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Health Net and the Centene Foundation will collaborate with community partners to share progress updates, celebrate milestones, and communicate through digital channels and events as the project moves forward. Phased development of the campus is planned, with services rolling out through 2027.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This investment at the St. Vincent campus represents the kind of cross‑sector solution Los Angeles needs right now,&#34; said State Senator Maria Elena Durazo. &#34;By bringing crisis behavioral health services and permanent supportive housing together in one location, this project will help people experiencing homelessness access care faster, stabilize sooner, and move toward long‑term recovery. We&#39;re grateful for Health Net and the Centene Foundation&#39;s partnership in strengthening our behavioral health and housing continuum.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">This project builds on Health Net&#39;s longstanding commitment to expanding access to behavioral health care and addressing homelessness across California. Between 2021 and January 2026, Health Net has dedicated $2.07 million to community‑based behavioral health initiatives. These investments reflect Health Net&#39;s ongoing focus on partnering with local organizations to close gaps in care and improve health outcomes in communities with the greatest need.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Health Net </b><br xmlns="http://www.w3.org/1999/xhtml"></br>Founded in California more than 45 years ago, Health Net, LLC (&#34;Health Net&#34;), a company of Centene Corporation, believes that every person deserves a safety net for their health, regardless of age, income, employment status or current state of health. Today, we provide health plans for individuals, families, businesses of every size and people who qualify for Medi-Cal or Medicare. With more than 117,000 of our network providers, Health Net serves more than three million members across the state. We also offer access to substance abuse programs, behavioral health services and managed healthcare products related to prescription drugs. We make these health plans and services available through Health Net and its subsidiaries: Health Net of California, Inc., Health Net Life Insurance Company and Health Net Community Solutions, Inc. These entities are wholly owned subsidiaries of Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNC">CNC</a>), a leading healthcare enterprise committed to transforming the health of the communities we serve, one person at a time. Health Net and Centene Corporation employ more than 5,700 people in California who work at one of five regional Talent Hub offices. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=109487984&amp;u=http%3A%2F%2Fwww.healthnet.com.%2F&amp;a=www.HealthNet.com." target="_blank" rel="nofollow">www.HealthNet.com.</a></p>
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                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2661581/Centene_Foundation_Logo.jpg" title="Centene Foundation (PRNewsfoto/Health Net)" alt="Centene Foundation (PRNewsfoto/Health Net)"></img>
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<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY25516&amp;sd=2026-04-02"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/st-vincent-behavioral-health-campus-expands-housing--health-care-for-la-with-6m-health-net-investment-302732569.html" target="_blank">https://www.prnewswire.com/news-releases/st-vincent-behavioral-health-campus-expands-housing--health-care-for-la-with-6m-health-net-investment-302732569.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Health Net, LLC</p>

St. Vincent Behavioral Health Campus Expands Housing & Health Care for LA with $6M Health Net Investment

Centene's $6 Million Investment Enhances Behavioral Health Services in California

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Investment will support crisis care, transitional services and housing at the former St. Vincent Medical Center campusLOS ANGELES, April 2, 2026 /PRNewswire/ -- Health Net, one of California&amp;#39;s most experienced</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Centene Corporation is investing $6 million in the St. Vincent Behavioral Health Campus to improve mental health services and housing for vulnerable populations. This investment is likely to enhance Centene&#039;s community engagement and could improve overall health outcomes in California.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Centene invests $6 million in St. Vincent Behavioral Health Campus.</li><li>Investment enhances healthcare services for mental health and homelessness.</li><li>Project will offer housing and crisis care through 2027.</li><li>Health Net aims to improve health outcomes in underserved communities.</li><li>Collaboration focuses on long-term stability and recovery services.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Health Net (N/A)</strong>: Health Net leads this initiative under Centene, impacting community health programs.</li><li><strong>Centene Corporation (CNC)</strong>: Centene&#039;s investment reflects its commitment to enhancing behavioral health services.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it reflects Centene&#039;s strategic investment in community healthcare. The focus on behavioral health services aligns with broader trends in healthcare provision and supports long-term growth in these sectors.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $6 million investment bolsters Centene&#039;s market position in managed healthcare.</li><li>Improved services may lead to increased Medi-Cal membership for Health Net.</li><li>Project success could positively impact future funding and community partnerships.</li><li>Enhanced reputation in behavioral health may attract new contracts or stakeholders.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$6 million investment in St. Vincent Behavioral Health Campus.</li><li>The campus will provide 172 units of supportive housing.</li><li>205 bridge housing beds will support transitional services.</li><li>Health Net has previously allocated $2.07 million for community-based initiatives.</li><li>Development will continue phased rollouts through 2027.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>CNC may experience upward pressure as community engagement and health outcomes improve.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">Investment will support crisis care, transitional services and housing at the former St. Vincent Medical Center campus</i></p><p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">LOS ANGELES</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 2, 2026</span> /PRNewswire/ -- <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=954774259&amp;u=https%3A%2F%2Fwww.healthnet.com%2Fcontent%2Fhealthnet%2Fen_us.html&amp;a=Health+Net" target="_blank" rel="nofollow">Health Net</a>, one of California&#39;s most experienced Medi-Cal managed care health plans and company of <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=3450865552&amp;u=https%3A%2F%2Fwww.centene.com%2F&amp;a=Centene+Corporation" target="_blank" rel="nofollow">Centene Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNC">CNC</a>), is partnering with the <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=1588018148&amp;u=https%3A%2F%2Fwww.centene.com%2Fwho-we-are%2Fcentene-foundation.html&amp;a=Centene+Foundation" target="_blank" rel="nofollow">Centene Foundation</a> to invest $6 million to support the development of the St. Vincent Behavioral Health Campus. The campus will offer behavioral health services and housing to people experiencing mental health and substance abuse challenges.</p>
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<p xmlns="http://www.w3.org/1999/xhtml">&#34;Getting the right care at the right time changes lives,&#34; said Dorothy Seleski, Medi-Cal President at Health Net. &#34;St. Vincent&#39;s supports crisis services, ongoing treatment and housing simultaneously. That continuity of care means better health for our most vulnerable residents and eases pressure on the healthcare system. Health Net remains committed to walking alongside people every step of the way.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Located in MacArthur Park, the St. Vincent Behavioral Health Campus will co-locate behavioral health services and housing in a single, coordinated setting to connect people to care in moments of crisis and support long-term stability and recovery. The campus is being developed on the former St. Vincent Medical Center site. After remaining largely shuttered in recent years, the 7.7-acre campus is being transformed into a comprehensive behavioral health and homeless services hub, reactivating a long-standing healthcare institution to meet today&#39;s urgent behavioral health and homelessness needs. It will:</p><ul xmlns="http://www.w3.org/1999/xhtml" type="disc"><li xmlns="http://www.w3.org/1999/xhtml">Provide immediate crisis care for people with acute behavioral health needs.</li><li xmlns="http://www.w3.org/1999/xhtml">Deliver transitional services focused on stabilization, treatment and care coordination.</li><li xmlns="http://www.w3.org/1999/xhtml">Offer long-term support, including 172 units of permanent supportive housing and 205 behavioral health bridge housing beds, paired with ongoing healthcare, case management and employment assistance.</li></ul><p xmlns="http://www.w3.org/1999/xhtml">&#34;At St. Vincent, our focus is on meeting people where they are and removing barriers to care when it matters most,&#34; said Shay Yadin, Principal at St. Vincent Behavioral Health Campus. &#34;By creating a place where care, support, and housing come together, this campus helps neighbors feel safe, supported, and connected as they take steps toward healing, stability, and a stronger sense of belonging in the community.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Health Net and the Centene Foundation will collaborate with community partners to share progress updates, celebrate milestones, and communicate through digital channels and events as the project moves forward. Phased development of the campus is planned, with services rolling out through 2027.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This investment at the St. Vincent campus represents the kind of cross‑sector solution Los Angeles needs right now,&#34; said State Senator Maria Elena Durazo. &#34;By bringing crisis behavioral health services and permanent supportive housing together in one location, this project will help people experiencing homelessness access care faster, stabilize sooner, and move toward long‑term recovery. We&#39;re grateful for Health Net and the Centene Foundation&#39;s partnership in strengthening our behavioral health and housing continuum.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">This project builds on Health Net&#39;s longstanding commitment to expanding access to behavioral health care and addressing homelessness across California. Between 2021 and January 2026, Health Net has dedicated $2.07 million to community‑based behavioral health initiatives. These investments reflect Health Net&#39;s ongoing focus on partnering with local organizations to close gaps in care and improve health outcomes in communities with the greatest need.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Health Net </b><br xmlns="http://www.w3.org/1999/xhtml"></br>Founded in California more than 45 years ago, Health Net, LLC (&#34;Health Net&#34;), a company of Centene Corporation, believes that every person deserves a safety net for their health, regardless of age, income, employment status or current state of health. Today, we provide health plans for individuals, families, businesses of every size and people who qualify for Medi-Cal or Medicare. With more than 117,000 of our network providers, Health Net serves more than three million members across the state. We also offer access to substance abuse programs, behavioral health services and managed healthcare products related to prescription drugs. We make these health plans and services available through Health Net and its subsidiaries: Health Net of California, Inc., Health Net Life Insurance Company and Health Net Community Solutions, Inc. These entities are wholly owned subsidiaries of Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNC">CNC</a>), a leading healthcare enterprise committed to transforming the health of the communities we serve, one person at a time. Health Net and Centene Corporation employ more than 5,700 people in California who work at one of five regional Talent Hub offices. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4655800-1&amp;h=109487984&amp;u=http%3A%2F%2Fwww.healthnet.com.%2F&amp;a=www.HealthNet.com." target="_blank" rel="nofollow">www.HealthNet.com.</a></p>
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<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY25516&amp;sd=2026-04-02"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/st-vincent-behavioral-health-campus-expands-housing--health-care-for-la-with-6m-health-net-investment-302732569.html" target="_blank">https://www.prnewswire.com/news-releases/st-vincent-behavioral-health-campus-expands-housing--health-care-for-la-with-6m-health-net-investment-302732569.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Health Net, LLC</p>

Centene Corporation is investing $6 million in the St. Vincent Behavioral Health Campus to improve mental health services and housing for vulnerable populations. This investment is likely to enhance Centene's community engagement and could improve overall health outcomes in California.

St. Vincent Behavioral Health Campus Expands Housing & Health Care for LA with $6M Health Net Investment

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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