WellCare Health Plans, Inc.

WellCare Health Plans, Inc.

WellCare Health Plans, Inc.

Overview
Date Founded

1985

Headquarters

8735 Henderson Road,Renaissance One,Tampa, FL 33634

Type of Company

Public

Employees (Worldwide)

12K

Industries

Insurance: Life & Health
Other Insurance Services
Hospitals & Patient Services
Government
Medical Support Services

Company Description

WellCare Health Plans, Inc. engages in the provision of government-sponsored managed care services through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans to families, children, seniors, and individuals with complex medical needs. It operates through the following segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment includes plans for beneficiaries of TANF, SSI and ABD programs and other state-based programs that are not part of the Medicaid program, such as Children's Health Insurance Program and MLTC. The Medicare Health Plans segment provides a comprehensive array of Part C and Part D benefits to Medicare eligible persons, through the MA plans. The Medicare Prescription Drug Plans (PDP) segment serves as a plan sponsor offering stand-alone Medicare Part D PDP plans to Medicare-eligible beneficiaries through this segment. The company was founded in May 2002 and is headquartered in Tampa, FL.

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Executives & Employees

Director & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Secretary, Executive Vice President & General Counsel

Executive Vice President & Chief Information Officer

Chief Accounting Officer, Vice President & Corporate Controller

Executive Vice President & Chief Medical Officer

Executive Vice President & Chief Human Resources Officer

Chief Operating Officer, Florida

Executive Vice President, Chief of Staff & Chief Compliance Officer

Executive Vice President & Chief Public Affairs Officer

Board of Directors

Managing Partner at Kinderhook Industries

Director & Chief Executive Officer at WellCare Health Plans, Inc.

President & Chief Executive Officer at Boston Medical Center

Founder at James Dallas & Associates

Former Governor of Louisiana

Former Chief Financial Officer, Director & Executive Vice President at YRC Worldwide, Inc.

Adjunct Professor, Health Management & Policy at University of Iowa

Chief Quality Officer at The Permanente Federation LLC

Paths to WellCare Health Plans, Inc.
Potential Connections via
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WellCare Health Plans, Inc.
Owners & Shareholders
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Magnetar Financial implements a variety of different strategies in managing private investment funds and separately managed accounts (SMAs) which designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. It may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. Magnetar Financial may use leverage in the investing activities and may engage in short selling. The firm's main investment strategies are divided into the following categories: relative-value, event-driven, directional, hybrid and other investment strategies.

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CNH is a discretionary asset management firm specializing in arbitrage investments. The firm's core investment strategies include convertible arbitrage and merger arbitrage; however, they manage other arbitrage strategies including when-issued arbitrage, stub-trading arbitrage, dual-class arbitrage, and price-pressure arbitrage. CNH also manages a limited number of alternative investment strategies including, SPACs, closed-end funds, distressed securities and PIPEs. To implement their arbitrage strategies and other alternative investment strategies, the firm employs fundamental securities analysis.

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Paulson's investment strategies are all based on the same underlying investment philosophy of capital preservation and low correlation to the broad markets. They perform fundamental and legal analysis on investments, including reviews of company financials and review of legal documentation related to proposed investment opportunities. The firm's products are provided through collective investment vehicles, including both domestic partnerships and offshore private investment companies, and separately managed accounts that deploy all or a subset of the firm's investment strategies. Paulson's investment objective is to achieve positive excess returns through trading the securities and/or derivatives thereon of companies that are the subject of proposed changes in corporate structure or control such as tender offers, mergers, spin-offs, proxy contests, liquidations, recapitalizations, restructurings and bankruptcy reorganizations.

Recent Transactions
Details Hidden

Centene Corporation purchases WellCare Health Plans, Inc.

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WellCare Health Plans, Inc. purchases Aetna, Inc. /Medicare Part D Prescription Drug Plan Bus from Aetna, Inc.

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WellCare Health Plans, Inc. issued USD Common Stock

Transaction Advisors
Auditor

Advised onWellCare Health Plans, Inc. issued USD Common Stock

Underwriter

Advised onWellCare Health Plans, Inc. issued Common Stock

Underwriter

Advised onWellCare Health Plans, Inc. issued Common Stock

Legal Advisor

Advised onWellCare Health Plans, Inc. purchases Universal American Corp.

Legal Advisor

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Legal Advisor

Advised onCentene Corporation purchases WellCare Health Plans, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Venable LLP

Advisor

Executive Vice President & General Counsel at Unum Group

Clients

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

The government of Florida is established and operated according to the Constitution of Florida and is composed of three branches of government: the executive branch consisting of the Governor of Florida and the other elected and appointed constitutional officers; the legislative branch, the Florida Legislature, consisting of the Senate and House; and the judicial branch consisting of the Supreme Court of Florida and lower courts. The state also allows direct participation of the electorate by initiative, referendum, and ratification.

The government of the State of New Jersey is separated into three distinct branches: legislative, executive, and judicial. The powers of the state are vested by the Constitution of New Jersey, enacted in 1947, in a bicameral state legislature (consisting of the General Assembly and Senate), the Governor, and the state courts, headed the New Jersey Supreme Court. The powers and duties of these branches are further defined by acts of the state legislature, including the creation of executive departments and courts inferior to the Supreme Court. Like most states, the state allows the incorporation of county, and other local municipal government.

Key Stats and Financials As of 2018
Market Capitalization
$14.1B
Total Enterprise Value
$13.3B
Earnings Per Share
$9.29
Enterprise Value Sales
0.65x
TEVNet Income
30.26x
Debt TEV
0.16x
Total Debt
$2.13B
Total Equity
$4.24B
Revenue
$20.4B
Net Profit
$440M
Five Year Compounded Annual Growth Rate Of Revenue
16.46%
Three Year Compounded Annual Growth Rate Of Revenue
13.69%
Non-Profit Donations & Grants
Political Donations
$1,500
2014
$2,000
2014
Investors
Details Hidden

TowerBrook Capital Partners(TowerBrook)and their related investment manager entities provide investment advisory services to a number of private investment partnerships that generally pursue control-oriented private equity and distressed debt investments in large and middle-market European and North American companies.

Suppliers
Liberty Property Trust Real Estate Investment Trusts | MALVERN, PA

Liberty Property Trust (NYSE:LRY) is a $6.9 billion real estate investment trust which owns 77.8 million square feet of office and industrial space in more than 21 markets throughout the United States and the United Kingdom (as of Sep. 30, 2012). Founded in 1972 and headquartered outside of Philadelphia, Liberty develops, acquires, leases and manages properties with the mission to enhance people's lives through extraordinary work environments. As an extension of this promise, Liberty is one of the nation's leading developers of high-performance green buildings. Liberty's more than 700 office and industrial properties offer exceptional locations, flexible design, thoughtful amenities, cost efficient operations and state-of-the-art technology to the company's 2,300 tenants. Liberty continuously increases the value of its portfolio through expert management, marketing and development

Mercy Health Hospitals & Patient Services | Cincinnati, OH

Mercy Health owns and operates healthcare facilities. It offers anticoagulation and medication management, bariatrics and wealth management, behavioral and mental health, blood cancer center, breast health, cancer care and oncology, clinical trials and research, colon and rectal surgery, dermatology, diabetes care and endocrinology, ear, nose and throat, emergency care, gamma knife surgery, gastrointestinal, liver and pancreas center, heart care and cardiology, imaging and laboratory services, lung and respiratory care, neurology and stroke care, occupational health, orthopaedics and sports medicine, osteoporosis and bone health, pain medicine, palliative care and hospice, plastic and reconstructive surgery, primary care and family medicine, rehabilitation and therapy, robotic surgery, sleep center, vascular and endovascular surgery, and wound care. The company was founded in 1986 and is headquartered in Cincinnati, OH.

AltaMed Health Services Corp. Hospitals & Patient Services | LOS ANGELES, CA

AltaMed Health Services Corp. provides network community clinics, senior care programs, and health and human services. The firm serves the entire family with primary medical care, dental clinics and complete senior long-term care services, including senior case management, and the Program of All Inclusive Care for the Elderly. The company was founded on April 30, 1969 and is headquartered in Los Angeles, CA.

Competitors
Government of the United States of America Government - Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Awards & Honors
Rank #202
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #202
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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