Mr. Layton also ran health care enterprises before joining Centene. Bagley helped provide solutions to redesign the human resources operating model and talent infrastructure to allow business leaders to utilize talent initiatives for the company efficiently. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. Medicaid and Medicare membership includes 1,323,000 and 1,231,500 Dual Eligible Special Needs Plans (D-SNP)beneficiaries for the periods ending March31, 2023, and March31, 2022, respectively. After 36 years in the military, Gen. Robinson left the Air Force in July 2018. Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. He has gathered over 25 years of expertise in core management, network management, web/mobile, and infrastructure solutions, and deep expertise in Customer Relationship Management, eCommerce, ERP, and Custom Application. Prior to joining the company in 2016, Mark Brooks worked as CIO and Chief Technology Officer at Health Net for more than 12 years and as Senior Director for the Front Office Systems at Veritas. This list of important factors is not intended to be exhaustive. ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. As Centenes Chief Information Officer, Brooks is responsible for leading a team of more than 6000 employees and contractors that develops and implements software and services for health plan members. Centene Corporation posted $1.1 billion in profit for the first quarter of 2023, . Richard A. Gephardt started Gephardt Group in 2005 after serving for 28 years in the U.S. Congress. She was formerly handling the companys IT innovation and modernization before she became the chief executive officer last March 22, 2022. It also serves contracts with other health care and commercial organizations providing specialty services to health plan members. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions. Drew Asher joined Centene in January 2020, bringing his technological and financial expertise to managed care. Centene Corporation Leaders, Founders, Executives: Achievements and Key Responsibilities The Founder of Centene Corporation Centene Corp Executive Team Sarah London, Chief Executive. The income tax effects of adjustments are based on the effective income tax rates applicable to each adjustment. If it involves business activity that impacts contracting operations and success, ExecutiveBiz has you covered. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables, and events including, but not limited to: our ability to design and price products that are competitive and/or actuarially sound including but not limited to any impacts resulting from Medicaid redeterminations; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates; competition, including our ability to reprocure our contracts and grow organically; the timing and extent of benefits from our value creation strategy, including the possibility that the benefits received may be lower than expected, may not occur, or will not be realized within the expected time periods; our ability to manage our information systems effectively; disruption, unexpected costs, or similar risks from business transactions, including acquisitions, divestitures, and changes in our relationships with third parties; impairments to real estate, investments, goodwill, and intangible assets; the risk that the election of new directors, changes in senior management, and any inability to retain key personnel may create uncertainty or negatively impact our ability to execute quickly and effectively;membership and revenue declines or unexpected trends; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; inflation; changes in economic, political, or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign, and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE, or other customers); the difficulty of predicting the timing or outcome of legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Centene Pharmacy Services (formerly Envolve Pharmacy Solutions, Inc. (Envolve)), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we previously recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations will be brought by states, the federal government or shareholder litigants, or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental, or third party consents or approvals for acquisitions or dispositions; any changes in expected closing dates, estimated purchase price, or accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; a downgrade of the credit rating of our indebtedness; the availability of debt and equity financing on terms that are favorable to us; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. from 8 AM - 9 PM ET. ST. LOUIS, March 1, 2021 /PRNewswire/ --Centene Corporation (NYSE: CNC) today announced four executive leadership appointments to support the company's continued growth and innovation. As the president and chief operating officer at Centene Corporation, Layton is responsible for all aspects of Health Plans, Products, Business Operations, Population Health and Clinical Operations, Marketing, Health Plan Medical, Specialty, International, and Business Development. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition, and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, other quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. for the year ended December 31, 2023, an estimated: $0.14 ($0.12 after-tax) of Magellan SpecialtyHealth divestiture gain and real estate impairments of $0.10 ($0.08 after-tax). Centene Corporation's Executive Team at a Glance Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. For the first quarter of 2023, our effective tax rate on adjusted earnings was 24.3%, compared to 25.1% in the first quarter of 2022. Staying in line with Executive Mosaics dedication to covering all angles of GovCon, ExecutiveBiz also helps paint a more complete picture of the government contracting industry by featuring medium-sized business news and significant state and foreign contracting developments. and during the company's earnings call Tuesday Centene executives offered a peek behind the curtain at ho . Rachel Ann Chua Founded in 1984, it services a range of health care solutions that began in Wisconsin. Centene Corp (NYSE: CNC) has reported a Q1 FY23 adjusted EPS of $2.11, compared to $1.83 a year ago, slightly beating the consensus of $2.10. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Our specialty services help diversify our revenue stream, manage costs, and enhance the quality of health outcomes for our members and others. CASH, INVESTMENTS AND RESTRICTED DEPOSITS (in millions). Prior to becoming the Executive Vice President and Chief Administrative Officer, she held executive positions in Home State Health, Integration Management, and Human Resources. From this baseline, we remain confident in our ability to deliver 12-15% long-term adjusted earnings compound annual growth in the back half of the decade.". Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Centene Corporation provides services to government-subsidized health care programs. ExecutiveBiz follows the executive-level business activity that drives the government contracting industry. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. About usGovernment Contracting FAQGuest Contributions2022 Events, Your Direct Source for Government Contracting News. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. For almost 10 years, she led the Internal Audit and Enterprise Risk Management teams. Ms. London . Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events, or otherwise, afterthe date hereof. London, who became. Around 1997, Centene later expanded its corporate office in St. Louis, Missouri headquarters. Submit your news Leverage your professional network, and get hired. Leadership as Individual as the People We Serve. Sarah London is Centenes Vice Chair become becoming a chief executive officer. Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare Prescription Drug Plan (PDP). Jon Dinesman. Centene Corporation's Executive Team ranks in the Top 40% of other companies in Saint Louis, MO and Top 35% of other companies on Comparably . We were recognized on the FORTUNE 2020 Change the Worldlist of companies that have had a positive social impact through activities that are part of their core business strategy. Centene's key executives include Sarah M. London and 19 others. U.S. Air Force General Lori J. Robinson is one of the newly elected board of directors members. He has led the successful integration of two $10+ billion health plans. FORTUNE magazine continuously ranks us as one of Americas fastest-growing companies. Copyrights Executive Mosaic - All Rights Reserved. Mark Brooks takes the lead in information technology and systems. Learn about Centene Corporation leaders, founders, executives, and other team members and the role they play in driving company success. In summary, the 2023 first quarter results were as follows: Premium and service revenues (in millions), Total cash flow provided by operations (in millions). When typing in this field, a list of search results will appear and be automatically updated as you type. Statement of Operations: Three Months Ended March 31, 2023. Important URLs: He joined WellCare in August 2014 as senior vice president. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. We regularly earn recognition for growth and innovation, as well as for our commitment to equity, diversity, and inclusion. Layton was promoted as the COO of Centene around September 2021. On average, Men provided higher ratings for their Executive Team compared to Women. Mr. Asher joined Centene in conjunction with the closing of the WellCare acquisition in January 2020 where he served as executive vice president. The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Associates degree, in related field or equivalent experience. She also worked as chief product officer for Optum Analytics, where she is in charge of the strategy and commercialization of the companys integrated data and analytics. James Dallas is the Centene board of directors chairman. Previously, he held senior finance positions at Aetna as well . Cision Distribution 888-776-0942 Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. [2] History [ edit] As Centenes CFO, He is responsible for managing the accounting, treasury, capital markets, tax, actuarial services, health economics, financial planning, investor relations, and procurement departments. Consultez le profil complet sur LinkedIn et dcouvrez les relations de Anjali, ainsi que des emplois dans des entreprises similaires. Prior to joining Centene, Mr. Asher served as chief financial officer at WellCare. Net earnings per common share attributable to Centene Corporation: Weighted average number of common shares outstanding: Adjustments to reconcile net earnings to net cash provided by operating activities, Net cash provided by operating activities, Divestiture proceeds, net of divested cash, Payments and repurchases of long-term debt, Effect of exchange rate changes on cash, cash equivalents, and restricted cash, Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents, Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period, Cash, cash equivalents, and restricted cash and cash equivalents, end of period. Stewart Information Services Corp., Centene Corp. Chief Operating Officer & Executive Vice President, Total Insider Purchases and Sales Reported to the SEC, Vanguard US Total Market Shares Index ETF, Vanguard Institutional Total Stock Market Index Trust, Capital Research & Management Co. (World Investors), T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (International Investors). She works closely with other executives to establish the companys agenda and create opportunities to ensure the alignment of strategies between the business and human capital. When typing in this field, a list of search results will appear and be automatically updated as you type. Toney also was responsible for the acquisition of Wellcare, Magellan, and HealthSmart. Ms. London has extensive experience in the industry. He has stayed at Centene Corporation for more than two decades where he acquired previous positions as a consultant for five years and later as an employee in 2016. Centene also extends its primary care services to the United Kingdom through its subsidiary, Operose Health. Centene has risen 460 spots since debuting on the list in 2010 at No. Also, the Communications department thinks more highly of the Executive Team relative to the Executive department. We rank No. Before becoming an independent director of Centene, she handled The United States Northern Command and the North American Aerospace Defense Command. About us $110k $170k $233k $375k $515k $652k $700k $233,970 * Average Compensation $235,905 * As such, this has been excluded from the reconciliation below. Data may be intentionally delayed pursuant to supplier requirements. . Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Mr. Layton has worked in the health care and public policy fields for over 20 years, gaining more senior roles. Before Centene, Brinn worked as a bookkeeper at a hospital. The tables below provide reconciliations of non-GAAP items ($ in millions, except per share data): GAAP net earnings attributable to Centene, Amortization of acquired intangible assets, Acquisition and divestiture related expenses. Kenneth Burdick, Retired Executive Vice President of Products and Markets of Centene Corporation; Former Chief Executive Officer of WellCare Health Plans, Inc. Christopher Coughlin, Former Executive Vice President and Chief Financial Officer of Tyco International, Ltd. Wayne DeVeydt, Executive Chairman of Surgery Partners, Inc.; Former Executive Vice President and Chief Financial Officer of Anthem, Inc. Orlando Ayala, Retired Chairman and Corporate Vice President of Emerging Businesses for Microsoft Corporation, Jessica L. Blume, Retired Vice Chairman of Deloitte LLP, Frederick H. Eppinger, President and Chief Executive Officer of Stewart Title Guaranty Company, Richard A. Gephardt, Chief Executive Officer and President of Gephardt Group, LLC; Former Majority Leader of the U.S. House of Representatives, Lori J. Robinson, Retired United States Air Force General, William Trubeck, Retired Chief Financial Officer, Director, and Executive Vice President of YRC Worldwide; Retired Executive Vice President and Chief Financial Officer of H&R Block, A Leading Provider of Quality and Affordable Healthcare, Pentagon Begins Search for Defense Innovation Board Executive Director, NGA Posts Solicitation for Project Maven Supply Chain Risk Management Platform, House Bipartisan Bills Seek to Further Build Up DOEs Research Partnerships With NASA, NSF, Missouri Fire Chief Richard Carrizzo Assumes Chairmanship of FirstNet Board; Gina Raimondo Quoted, CISAs Eric Goldstein: Trusted Public-Private Partnerships Key to Boosting Cyber Defenses, Xages Roman Arutyunov Recommends 10 Actions to Meet CISAs Cross-Sector Cybersecurity Performance Goals, Carahsoft to Offer Nok Noks Passwordless Authentication Tool to Government Customers, DARPA Launches Market Research for Business Process Logic Initiative, NSF Calls for Collaborators on Advanced Networking Systems Research, Sierra Nevada, BIRD Aerosystems Form Airborne Missile Protection System Delivery Partnership, NASA Solicits Proposals for Space Flight, Aerospace Hardware Modeling Requirements, Dewberry EVP Phil Thiel to Serve on National Geospatial Advisory Committee. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. Layton joined Centene in 2006. The amount of the "Incurred related to: Prior period" above represents favorable development and includes the effects of reserving under moderately adverse conditions, new markets where we use a conservative approach in setting reserves during the initial periods of operations, receipts from other third party payors related to coordination of benefits and lower medical utilization and cost trends for dates of service March31, 2022, and prior. Improving the company culture is one of Bagleys goals, which can be met by introducing innovative employee programs, communication, and engagement channels. (2) Adjusted SG&A expense ratio excludes acquisition and divestiture related expenses of approximately $35 million to $40 million. Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. In 2004, she ventured into Centenes management team, playing a crucial role in managing the financial reporting, corporate accounting, financial systems, acquisition, and integration work, as well as finance shared service functions. Centene Corporation Executive Team Sarah M. London, Chief Executive Officer Brent Layton, President, and Chief Operating Officer Drew Asher, Chief Financial Officer Shannon Bagley, Executive Vice President, and Chief Administrative Officer Leadership Team Katie Casso, Senior Vice President, Corporate Controller, and Chief Accounting Officer The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Also, he served as executive vice president and chief financial officer of WellCare Health Plans beginning in October 2014. On average, Men provided higher ratings for their Executive Team compared to Women. Any reduction in the "Incurred related to: Prior period" amount may be offset as Centene actuarially determines the "Incurred related to: Current period." She began as a member of the team that established Accretive Healths Quality & Total Cost of Care business offering operational advice to renowned US medical centers. James Dallas Chairman of the Centene Board of Directors, Sarah M. London Chief Executive Officer, Orlando Ayala Former Corporate Vice President and Chairman of Emerging Businesses for Microsoft Corporation, Jessica L. Blum Former Vice Chairman of Deloitte LLP, Kenneth Burdick Retired Executive Vice President of Products and Markets of Centene Corporation. She propels Centenes health care innovation with her innovative thinking and utilizes the capabilities of Centene in changing healthcare services into a value-based care model placing more importance on the quality of services than on their quantity. removing social barriers to health, and prioritizing responsible Transforming the health of the community, one person at a time. Centene Corporations whole health solutions aim to provide comprehensive treatment to every individual. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. The Company uses the presented non-GAAP financial measures internally in evaluating the Company's performance and for planning purposes, by allowing management to focus on period-to-period changes in the Company's core business operations, and in determining employee incentive compensation. GAAP diluted earnings per share attributable to Centene. Elizabeth Brinn started Centene Corporation in 1984 as a non-profit Medicaid plan. New Engineer jobs added daily. Before joining Centene Corporation in 2020, she worked with Optum Ventures, the capital arm of UnitedHealth Group. It operates through the following segments:. Our Managed Care segment provides health plan coverage to individuals through government-subsidized and commercial programs. However, he has announced his intention to step down from his position by the 2023 Annual Meeting of Stockholders. Guest Contributions -- Diluted EPS of $2.04; Adjusted Diluted EPS of $2.11 --, --Increases 2023 Full Year Guidance and Updates 2024 Target --. She was previously the companys vice chairman. At Centene, we embrace a multi-business line approach to diversify revenues, control medical costs, improve the quality of care that our members receive, and improve outcomes. We ensure quality care while reducing and managing costs, representing significant cost savings and budget predictability over state-paid programs. The health of individuals drives our focus on the environment, At Centene, we believe that good stewardship creates long-term value for our stakeholders. Sarah London is CEO of Centene Corporation, a Fortune 50 company and leading national healthcare payer that takes a unique local approach to providing fully integrated, high-quality, and cost-effective services. In April 2023, the Company repurchased an additional 3.0million shares for $200 million. She held leadership roles at Optum Ventures, Optum Analytics, and Humedica. In addition, the three months ended March 31, 2023, includes a one-time income tax benefit $0.13 resulting from the distribution of long-term stock awards to the estate of the Company's former CEO. He previously led the company as CEO in February 2020. Elizabeth Brinn is the founder of Centene Corporation. Brent Layton, President, and Chief Operating Officer, Shannon Bagley, Executive Vice President, and Chief Administrative Officer, Katie Casso, Senior Vice President, Corporate Controller, and Chief Accounting Officer, Colin Toney, Executive Vice President of Mergers & Acquisitions, Mark Brooks, Executive Vice President, and Chief Information Officer, Zundra Bryant, Vice President of Human Resources Operations, Applied Information Sciences Receives Analytics on Microsoft Azure Advanced Specialization, Maximus, AWS Seek to Help Federal Health Agencies Advance AI, Machine Learning Adoption Via Strategic Partnership, Brian May Promoted to Lead Michael Baker Internationals Federal Programs, Services, Lockheed Books $615M Army Follow-on Award to Build HIMARS Munition Launchers, CSA Finalizes Capstone Integration, Launches Rebranding Effort; Amy Bleken, Ronald Fog Hahn Quoted, L3Harris Q1 Revenue Up 9%; Christopher Kubasik Gives Update on Aerojet Rocketdyne Deal, DCS Wins $2.1B Contract to Support Armys Military Automotive Tech Lab, Industry Veteran Tom McCabe Named Istari COO, General Counsel, GE, Northrop, C-CAT Awarded DOD Contracts to Help Strengthen Hypersonic Supply Chains, Chugach Subsidiary Awarded $114M Contract to Help Operate Air Force Base in Texas, SpaceX Anticipates Spending About $2B on Starship Rocket, John Tierney to Lead L3Harris New Surface & C5 Systems Team, Pentagon Begins Search for Defense Innovation Board Executive Director, NGA Posts Solicitation for Project Maven Supply Chain Risk Management Platform, House Bipartisan Bills Seek to Further Build Up DOEs Research Partnerships With NASA, NSF, Missouri Fire Chief Richard Carrizzo Assumes Chairmanship of FirstNet Board; Gina Raimondo Quoted, CISAs Eric Goldstein: Trusted Public-Private Partnerships Key to Boosting Cyber Defenses, Xages Roman Arutyunov Recommends 10 Actions to Meet CISAs Cross-Sector Cybersecurity Performance Goals, IBM Executive Dan Chenok Outlines Recommendations to Use Cloud for Digital Modernization, Department of the Air Force Justifies Budget Request in Fiscal Year 2024 Posture Statement, HHS CIO Karl Mathias Receives 2023 Wash100 Award From Jim Garrettson, NASA Tests Pivot Capabilities of Aerojet Rocketdynes RS-25 Engine for SLS Missions. Our core philosophy is that quality healthcare is best delivered locally. Executive Gov provides you with Free Daily Updates and News Briefings about Articles, Receive the Daily News Briefing And Events Updates Straight to Your Inbox. He also serves as the chief attorney for Centenes legal department and was the previous senior vice president. Our commitment to quality improvement has earned us numerous health plan accreditations and program awards. In July 2021, Colin Toney joined the executive team as the Executive Vice President of M&A of St. Louis, Missouri headquarters. Mr. DeVeydt is now a Centene Corporations Board of Directors member. GovCon Wire provides you with Daily Updates and News Briefings about Articles. In 1984, Elizabeth Betty Brinn, a hospital bookkeeper at the Milwaukee Family Hospital, founded Family Hospital Physician Associates. Since becoming appointed as the President and Chief Executive Officer of Coordinated Care in June of 2018, Beth Johnson has also taken over the Medicaid plan. For example, she created the Employee Inclusion Groups, which aim to improve employee development, retention, and community engagement. He has more than 30 years of finance experience and formerly worked at different companies in the healthcare industry like Aetna and Coventry Health Care. Premium and service revenues (in billions). Robert Sanders is the current executive vice president of Centene Corporations global human resources. He joined the company in 2003 as the director of Compensation and Benefits before getting promoted to vice president of Compensation and Benefits and senior vice president of Centenes Human Resources. This section lists the Centene executives. Chief Development Officer & Executive VP, Centene Corp. Brent Davis Layton is on the board of Operose Health Ltd. and Chief Development Officer & Executive VP at Centene Corp. Mr. Layton. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Brent Layton managed the implementation and development of the latest health plans and global operations. I'm a HR Business Change Manager specialising in organisation design, digitalisation and analytics. In February 2023, Fortune named Centene as one of America's Best Large . Our local approach allows us to help members access high-quality, culturally sensitive The company offers healthcare services to Medicaid and Medicare Members, individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities.
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