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WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

273.36USD
19 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Wellcare Reports Second Quarter 2019 Results
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Wellcare Health Plans Inc ::WELLCARE REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $4.31.Q2 GAAP EARNINGS PER SHARE $3.60.Q2 EARNINGS PER SHARE ESTIMATE $4.16 -- REFINITIV IBES DATA.Q2 REVENUE $7.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.62 BILLION.WELLCARE HEALTH PLANS-MEDICAID HEALTH PLANS MEMBERSHIP OF 4.1 MILLION AS OF JUNE 30, 2019 & INCREASED BY ABOUT 1.3 MILLION MEMBERS COMPARED WITH JUNE 30, 2018.WELLCARE HEALTH PLANS - MEDICARE HEALTH PLANS MEMBERSHIP WAS ABOUT 560,000 AS OF JUNE 30, 2019, INCREASED 9.8 PERCENT, COMPARED WITH JUNE 30, 2018.DUE TO PENDING MERGER WITH CENTENE, WELLCARE IS NOT CURRENTLY PROVIDING UPDATED FINANCIAL GUIDANCE..MEDICARE HEALTH PLANS REVENUE WAS $1.9 BILLION FOR Q2 OF 2019 AND INCREASED BY 21.1 PERCENT COMPARED WITH Q2 OF 2018.MEDICARE PDP MEMBERSHIP WAS AOBUT 1.6 MILLION AS OF JUNE 30, 2019, INCREASED BY 56.1 PERCENT, COMPARED WITH JUNE 30, 2018.  Full Article

ISS Recommends Centene, Wellcare Stockholders Vote "For" Proposals Regarding Centene's Pending Acquisition Of Wellcare
Wednesday, 12 Jun 2019 

June 12 (Reuters) - WellCare Health Plans Inc ::LEADING INDEPENDENT PROXY ADVISORY FIRM ISS RECOMMENDS THAT CENTENE AND WELLCARE STOCKHOLDERS VOTE "FOR" PROPOSALS REGARDING CENTENE'S PENDING ACQUISITION OF WELLCARE.  Full Article

Centene Corporation Q1 Adjusted Earnings Per Share $1.39
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Centene Corp ::ORATION REPORTS 2019 FIRST QUARTER RESULTS AND INCREASES 2019 GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $1.39.Q1 REVENUE $18.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $17.47 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.34 -- REFINITIV IBES DATA.2019 Q1 DILUTED EPS OF $1.24.MARCH 31, 2019 MANAGED CARE MEMBERSHIP OF 14.7 MILLION, AN INCREASE OF 1.8 MILLION MEMBERS, OR 14%, OVER MARCH 31, 2018.HEALTH BENEFITS RATIO (HBR) OF 85.7% FOR Q1 OF 2019, COMPARED TO 84.3% IN Q1 OF 2018.AN INCREASE TO ADJUSTED DILUTED EPS GUIDANCE AT MIDPOINT OF $0.13 FOR 2019.SEES 2019 GAAP DILUTED EPS $3.67 - $3.84.SEES 2019 TOTAL REVENUES OF $72.8 BILLION - $73.6 BILLION.SEES 2019 ADJUSTED DILUTED EPS $4.24 - $4.44.FY2019 EARNINGS PER SHARE VIEW $4.25, REVENUE VIEW $70.86 BILLION -- REFINITIV IBES DATA.SEES 2019 HBR OF 86.5% - 87.0%.WELLCARE HEALTH PLANS DEAL EXPECTED TO CLOSE IN FIRST HALF OF 2020.  Full Article

Wellcare Of New York Expands Medicaid Programs To Three Additional Counties
Tuesday, 2 Apr 2019 

April 2 (Reuters) - WellCare Health Plans Inc ::WELLCARE OF NEW YORK EXPANDS MEDICAID PROGRAMS TO THREE ADDITIONAL COUNTIES.WELLCARE HEALTH PLANS INC SAYS THAT NEW YORK DEPARTMENT OF HEALTH HAS APPROVED EXPANSION OF WELLCARE OF NEW YORK, INC. INTO THREE ADDITIONAL COUNTIES.WELLCARE HEALTH PLANS-APPROVAL ADDS BROOME,RICHMOND, SUFFOLK COUNTIES TO CO'S MEDICAID MANAGED CARE, CHILD HEALTH PLUS AND ESSENTIAL PLAN PROGRAMS.  Full Article

Wellcare Reports Third Quarter 2018 Results
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - WellCare Health Plans Inc ::WELLCARE REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $3.33.Q3 GAAP EARNINGS PER SHARE $2.70.Q3 EARNINGS PER SHARE VIEW $3.09 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $10.90 TO $11.00.Q3 REVENUE $5.1 BILLION VERSUS I/B/E/S VIEW $5.08 BILLION.COMPANY INCREASES FULL-YEAR 2018 GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $10.88 -- THOMSON REUTERS I/B/E/S.MEDICAID HEALTH PLANS MEMBERSHIP WAS 3.9 MILLION AS OF SEPTEMBER 30, 2018 AND INCREASED BY APPROXIMATELY 1.2 MILLION MEMBERS.GAAP MEDICAID HEALTH PLANS REVENUE WAS $3.2 BILLION FOR Q3 OF 2018, AN INCREASE OF 18.4 PERCENT.WELLCARE HEALTH PLANS - MEDICARE HEALTH PLANS MEMBERSHIP WAS ABOUT 544,000 AS OF SEPTEMBER 30, 2018 AND INCREASED BY APPROXIMATELY 52,000 MEMBERS.QTRLY PREMIUM REVENUE $ 3.22 BILLION VERSUS $2.72 BILLION.MEDICARE HEALTH PLANS REVENUE OF $1.6 BILLION FOR Q3 OF 2018 INCREASED 7.9 PERCENT COMPARED WITH Q3 OF 2017.WELLCARE HEALTH PLANS - MEDICARE PDP MEMBERSHIP WAS ABOUT 1.1 MILLION AS OF SEPT. 30 AND DECREASED BY ABOUT 7.4 PERCENT, COMPARED WITH SEPTEMBER 30, 2017.  Full Article

Wellcare Announces Pricing Of $750 Million Of Senior Notes
Wednesday, 8 Aug 2018 

WellCare Health Plans Inc ::WELLCARE ANNOUNCES PRICING OF $750 MILLION OF SENIOR NOTES.WELLCARE HEALTH PLANS INC - PRICED AN OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026.WELLCARE HEALTH PLANS INC - NOTES WILL BE ISSUED AT 100.0%, AND BEAR INTEREST AT 5.375%.  Full Article

Wellcare Announces Pricing Of Common Stock
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES PRICING OF COMMON STOCK.WELLCARE HEALTH PLANS - ON AUGUST 7 PRICED OFFERING OF 4.5 MILLION SHARES OF COMMON STOCK AT $265/COMMON SHARE.  Full Article

Wellcare Announces Offering Of $700 Mln Senior Notes
Monday, 6 Aug 2018 

Aug 6 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES OFFERING OF $700 MILLION SENIOR NOTES.WELLCARE HEALTH PLANS INC - INTENDS TO OFFER FOR SALE $700 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.WELLCARE HEALTH PLANS INC - INTENDS TO OFFER FOR SALE $700 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.WELLCARE HEALTH - INTENDS TO USE PROCEEDS FROM OFFERING TO FUND PORTION OF CASH CONSIDERATION FOR ACQUISITION OF MERIDIAN HEALTH PLAN OF MICHIGAN.  Full Article

Wellcare Announces Five-Year $1.3 Bln Amended And Restated Credit Agreement
Tuesday, 24 Jul 2018 

July 24 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES FIVE-YEAR $1.3 BILLION AMENDED AND RESTATED CREDIT AGREEMENT.WELLCARE HEALTH PLANS - ENTERED INTO AN AMENDED AND RESTATED CREDIT AGREEMENT FOR ITS REVOLVING CREDIT FACILITY.WELLCARE HEALTH PLANS INC - PLANS ON USING UPSIZED FACILITY TO SUPPORT ITS LONG-TERM GROWTH PLANS.WELLCARE - LONG-TERM GROWTH PLANS INCLUDE PENDING ACQUISITION OF MERIDIAN HEALTH PLAN OF MICHIGAN, MERIDIAN HEALTH PLAN OF ILLINOIS, MERIDIANRX LLC.WELLCARE HEALTH PLANS INC - CREDIT AGREEMENT PROVIDES FOR $1.3 BILLION REVOLVING CREDIT FACILITY MATURING IN JULY 2023.WELLCARE HEALTH PLANS - EXPANSION FEATURE INCLUDED IN CREDIT AGREEMENT ALLOWS CO TO INCREASE FACILITY BY ADDITIONAL $500 MILLION.  Full Article

WellCare Issues 2018 Annual Guidance
Monday, 18 Dec 2017 

Dec 18 (Reuters) - WellCare Health Plans Inc ::WELLCARE ISSUES 2018 ANNUAL GUIDANCE.SEES FY 2018 REVENUE $18.65 BILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $8.40 TO $8.65.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $8.25 TO $8.40.- REAFFIRMED ITS FULL-YEAR 2017 GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $8.67 -- THOMSON REUTERS I/B/E/S.FY2017 EARNINGS PER SHARE VIEW $8.33, REVENUE VIEW $16.95 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $18.90 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Centene signals higher costs in 2019 from Obamacare business

Centene Corp beat second-quarter sales targets and raised its 2019 earnings forecast on Tuesday, but the health insurer warned of higher medical costs from its Obamacare business this year.