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WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

290.22USD
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Centene And WellCare Stockholders Approve Proposals Regarding Centene's Pending Acquisition Of WellCare
Monday, 24 Jun 2019 

June 24 (Reuters) - Centene Corp ::CENTENE AND WELLCARE STOCKHOLDERS APPROVE PROPOSALS REGARDING CENTENE'S PENDING ACQUISITION OF WELLCARE.CENTENE CORP - TRANSACTION ON TRACK TO CLOSE BY FIRST HALF OF 2020.CENTENE - CO, WELLCARE EACH RECEIVED A REQUEST FOR ADDITIONAL INFORMATION AND DOCUMENTARY INFORMATION AND MATERIALS FROM DEPARTMENT OF JUSTICE.  Full Article

Centene Says Ken Burdick, Drew Asher To Join Executive Team Of Combined Co
Friday, 31 May 2019 

May 31 (Reuters) - Centene Corp ::CENTENE CORPORATION ANNOUNCES APPOINTMENTS OF KEN BURDICK AND DREW ASHER TO EXECUTIVE TEAM OF COMBINED COMPANY FOLLOWING CLOSE OF WELLCARE TRANSACTION.CENTENE CORP - CENTENE TO PREVIEW ADDITIONAL DETAILS OF ORGANIZATIONAL STRUCTURE FOR COMBINED COMPANY AT INVESTOR DAY SCHEDULED FOR JUNE 14, 2019.CENTENE CORP - EXPECTS TO ANNOUNCE ADDITIONAL DETAILS ON COMBINED ORGANIZATIONAL STRUCTURE AND LEADERSHIP TEAM AT INVESTOR DAY.CENTENE CORP - COMBINATION IS EXPECTED TO CLOSE BY FIRST HALF OF 2020.CENTENE - UPON CLOSE OF PENDING WELLCARE DEAL, KEN BURDICK, CEO OF WELLCARE, &DREW ASHER, CFO OF WELLCARE, WILL JOIN CO IN EXECUTIVE LEADERSHIP POSITIONS.CENTENE CORP - BURDICK'S EMPLOYMENT AGREEMENT IS FOR A TWO-YEAR TERM..  Full Article

WellCare Health Plans Inc Posts Q1 Adjusted Earnings Per Share of $3.69
Tuesday, 30 Apr 2019 

April 30 (Reuters) - WellCare Health Plans Inc ::WELLCARE REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $3.69.Q1 EARNINGS PER SHARE ESTIMATE $3.04 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE $2.98.Q1 REVENUE $6.8 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.57 BILLION.MEDICARE HEALTH PLANS REVENUE OF $1.8 BILLION FOR Q1 OF 2019 INCREASED 18.4 PERCENT COMPARED WITH Q1 OF 2018..GAAP AND ADJUSTED MEDICAID HEALTH PLANS REVENUE WAS $4.5 BILLION AND $4.4 BILLION, RESPECTIVELY, FOR Q1 OF 2019.WELLCARE HEALTH - MEDICAID HEALTH PLANS MEMBERSHIP WAS 4.1 MILLION AS OF MARCH 31, 2019, UP BY ABOUT 52.3 PERCENT, COMPARED WITH MARCH 31, 2018.WELLCARE HEALTH PLANS- MEDICARE HEALTH PLANS MEMBERSHIP WAS ABOUT 558,000 AS OF MARCH 31, 2019, UP ABOUT 10.3 PERCENT, COMPARED WITH MARCH 31, 2018.QTRLY TOTAL PREMIUM REVENUE $6.61 BILLION VERSUS $4.63 BILLION.WELLCARE HEALTH PLANS- MEDICARE PDP MEMBERSHIP WAS ABOUT 1.6 MILLION AS OF MARCH 31, 2019, UP BY ABOUT 51.9 PERCENT, COMPARED WITH MARCH 31, 2018.DUE TO PENDING MERGER WITH CENTENE, WELLCARE IS NOT CURRENTLY PROVIDING UPDATED FINANCIAL GUIDANCE.  Full Article

Centene CEO Says Will Probably Continue At Co At Least Five More Years
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Centene Corp ::CENTENE CFO SAYS $500 MILLION OF ESTIMATED ANNUAL COST SAVINGS FROM DEAL INCLUDE SYNERGIES FOR A "PRUDENT AMOUNT OF POTENTIAL DIVESTITURES" - CONF. CALL.CENTENE CEO SAYS WILL PROBABLY CONTINUE AT CO AT LEAST FIVE MORE YEARS - CONF. CALL.  Full Article

Centene To Acquire WellCare In Transaction Valued At $17.3 Bln
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Centene Corp ::CENTENE AND WELLCARE TO COMBINE TO CREATE A PREMIER HEALTHCARE ENTERPRISE FOCUSED ON GOVERNMENT-SPONSORED HEALTHCARE PROGRAMS.CENTENE CORP - TRANSACTION PROJECTED TO BE MID-SINGLE DIGIT ACCRETIVE TO ADJUSTED EPS IN YEAR TWO.CENTENE CORP - TRANSACTION VALUED AT $17.3 BILLION; COMBINED COMPANY TO HAVE APPROXIMATELY 22 MILLION MEMBERS.CENTENE CORP - COMBINED COMPANY TO HAVE APPROXIMATELY 22 MILLION MEMBERS ACROSS ALL 50 STATES.CENTENE CORP - TRANSACTION PROJECTED TO BE MID-SINGLE DIGIT ACCRETIVE TO ADJUSTED EPS IN YEAR TWO.CENTENE CORP - DEAL FOR $305.39 PER SHARE.CENTENE CORP - BOARD OF COMBINED COMPANY WILL CONSIST OF 11 MEMBERS, NINE OF WHOM WILL BE FROM BOARD OF CENTENE.CENTENE CORP - TRANSACTION IS EXPECTED TO BE SLIGHTLY DILUTIVE TO ADJUSTED EARNINGS PER SHARE IN YEAR ONE.CENTENE CORP - AFTER CLOSE OF TRANSACTION, MICHAEL NEIDORFF WILL LEAD COMBINED COMPANY AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER.CENTENE CORP - KEN BURDICK AND DREW ASHER ARE EXPECTED TO JOIN CENTENE SENIOR MANAGEMENT TEAM IN NEW POSITIONS CREATED AS A RESULT OF ACQUISITION..CENTENE CORP - COMBINATION IS EXPECTED TO GENERATE APPROXIMATELY $500 MILLION OF ANNUAL NET COST SYNERGIES BY YEAR TWO.CENTENE CORP - COMBINED COMPANY WILL BE HEADQUARTERED IN ST. LOUIS, LOCATION OF CENTENE'S HEADQUARTERS.CENTENE - WELLCARE SHAREHOLDERS TO RECEIVE FIXED EXCHANGE RATIO OF 3.38 SHARES OF CO'S STOCK AND $120 IN CASH FOR EACH SHARE OF WELLCARE COMMON STOCK.  Full Article

Centene Is Holding Takeover Talks With Wellcare Health - CNBC, Citing Report
Tuesday, 26 Mar 2019 

March 26 (Reuters) - :CENTENE IS HOLDING TAKEOVER TALKS WITH WELLCARE HEALTH - CNBC, CITING REPORT.  Full Article

Meridianrx Launches Pharmacy Member Portal And Free Mobile Application, Atlas Compass
Tuesday, 19 Mar 2019 

March 19 (Reuters) - WellCare Health Plans Inc ::MERIDIANRX SAYS HAS LAUNCHED PHARMACY MEMBER PORTAL AND FREE MOBILE APPLICATION, ATLAS COMPASS.MERIDIANRX SAYS NEW COMPASS PROVIDES PHARMACY BENEFIT MANAGER MEMBERS WITH DIRECT ACCESS TO THEIR OWN PHARMACY HEALTH INFORMATION.MERIDIANRX - ADDITIONAL APP FEATURES INCLUDE PRESCRIPTION REFILL REMINDERS, PHARMACY SEARCH FUNCTION & MEMBER PLAN INFORMATION WITH DIGITAL ID CARD.  Full Article

Wellcare Health Plans Q4 Adj EPS Of $1.63
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - WellCare Health Plans Inc ::WELLCARE REPORTS FOURTH QUARTER AND FULL-YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.63.Q4 GAAP EARNINGS PER SHARE $1.11.Q4 EARNINGS PER SHARE ESTIMATE $1.56 -- REFINITIV IBES DATA.RAISES FY 2019 ADJUSTED EARNINGS PER SHARE VIEW TO $13.25 TO $13.50.Q4 MEDICARE HEALTH PLANS PREMIUM REVENUE $1,628.9 MILLION VERSUS $1,442.6 MILLION YEAR AGO.SEES 2019 ADJUSTED TOTAL REVENUE $25.7 BILLION TO $26.6 BILLION.Q4 TOTAL GAAP REVENUE $6,070.8 MILLION VERSUS $4,345.1 MILLION YEAR AGO.WELLCARE HEALTH PLANS - MEDICARE HEALTH PLANS MEMBERSHIP ABOUT 545,000 AS OF DEC 31, 2018, INCREASED BY ABOUT 49,000 MEMBERS, OR 9.9 PERCENT, FROM YEAR AGO.FY2019 REVENUE VIEW $26.06 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $13.47 -- REFINITIV IBES DATA.WELLCARE HEALTH PLANS - MEDICARE PDP MEMBERSHIP WAS ABOUT 1.1 MILLION AS OF DEC 31, 2018, DECREASED BY ABOUT 95,000 MEMBERS, OR 8.2 PERCENT, FROM YEAR AGO.  Full Article

WellCare Health Plans Sees FY 2019 Adjusted Earnings Per Share $13.15 To $13.40
Thursday, 13 Dec 2018 

Dec 17 (Reuters) - WellCare Health Plans Inc ::WELLCARE ISSUES 2019 ANNUAL GUIDANCE.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $13.15 TO $13.40.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $10.90 TO $11.00.SEES FY 2019 REVENUE $25.8 BILLION TO $26.7 BILLION.COMPANY REAFFIRMS 2018 ANNUAL GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $11.00, REVENUE VIEW $20.17 BILLION -- REFINITIV IBES DATA.FY 2019 GAAP MEDICAID HEALTH PLANS MEDICAL BENEFITS RATIOS EXPECTED TO BE IN A RANGE OF 88.8% TO 89.3%.WELLCARE HEALTH PLANS - FY 2019 MEDICARE PDP MBR IS EXPECTED TO BE IN A RANGE OF 82.5% TO 83.5%, PRIMARILY DUE TO BID POSITIONING.FY 2019 ADJUSTED MEDICAID HEALTH PLANS MEDICAL BENEFITS RATIOS EXPECTED TO BE IN A RANGE OF 89.5% TO 90.0%.  Full Article

Wellcare Health Reaffirms Full-Year 2018 Adjusted EPS
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - WellCare Health Plans Inc ::WELLCARE HEALTH - REAFFIRMING FULL-YEAR 2018 ADJUSTED EARNINGS PER DILUTED SHARE RANGE OF $10.70 TO $10.90.WELLCARE HEALTH - PROVIDING FY 2018 TOTAL REVENUE (GAAP) GUIDANCE OF ABOUT $20.0 BILLION, INCLUSIVE OF FINANCIAL EFFECTS OF ACQUISITION OF MERIDIAN.  Full Article

Deals of the day-Mergers and acquisitions

June 24 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: