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

Director Board Member at Dynegy Marketing & Trade LLC

Founder at James Dallas & Associates

Former Governor of Louisiana

Former President, Chief Executive Officer & Director at Spectrum Health System

Chief Clinical Officer & Executive Vice President at Providence St. Joseph Health

Paths to WellCare Health Plans, Inc.
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WellCare Health Plans, Inc.
Owners & Shareholders
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AAM primarily utilizes automated, quantitative investment processes to manage their investment strategies. For their equity strategies, they use a team approach and an automated, quantitative investment process. This process relies extensively upon a number of proprietary codes and factors and extensive third-party data and is overseen by their Co-Chief Investment Officer and a team of researchers, portfolio managers, portfolio analytics and construction specialists, data managers, and IT professionals in an effort to ensure it operates as intended. Their core and long-short equity investment process uses both top-down and bottom-up signals that encompass not only fundamental valuation factors but also measures of earnings trends, price movements, quality metrics and other factors. AAM's underlying investment process for their multi-asset absolute return strategies builds on the firm's disciplined and research-oriented approach which is at its core a systematic process that is designed to convert, in a rigorous manner, fundamental inputs into portfolio positions.

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Aronson & Johnson & Ortiz AJO is an independent, registered investment advisor, founded in 1984. We use an active, value-oriented approach and a highly disciplined, quantitative process to build diversified, fully invested portfolios of U.S. and international equities for large, tax-exempt institutions. We offer benchmark-relative and absolute-return strategies across all market caps. Our systematic process lets us set our sights on most any well-defined benchmark. We can vary tracking error or total volatility.

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Rock Springs Capital Management manages various private investment funds designed with the goal of maximizing total return by generating capital appreciation, primarily through investments in publicly traded securities of companies in the healthcare and related industries.

Recent Transactions
Details Hidden

Centene Corporation purchases WellCare Health Plans, Inc.

Details Hidden

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
Advisor

Executive Vice President & General Counsel at Unum Group

Legal Advisor

Partner at Venable LLP

Legal Advisor

Senior Counsel at Cahill Gordon & Reindel LLP

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
$12.7B
Total Enterprise Value
$13.3B
Earnings Per Share
$9.29
Revenue
$20.4B
Enterprise Value Sales
0.65x
Total Debt
$2.13B
Total Equity
$4.24B
Net Profit
$440M
TEVNet Income
30.26x
Debt TEV
0.16x
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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