WellCare Health Plans - M&A Summary and Business Overview

InsuranceCompany

WellCare Health Plans M&A Summary

WellCare Health Plans has acquired 15 companies. A total of 3 acquisitions came from private equity firms.

WellCare Health Plans’ largest acquisition to date was in 2018, when it acquired Meridian Health Plan of Michigan for $2.5B. WellCare Health Plans has acquired in 9 different US states. The Company’s most targeted sectors include healthcare services (70%) and insurance (24%).

WellCare Health Plans Business Overview

Where is WellCare Health Plans headquartered?

WellCare Health Plans is headquartered in Tampa, Florida.

What is WellCare Health Plans’ revenue?

WellCare Health Plans disclosed revenue of 19,985M USD for 2018 and 17,007M USD for 2017.

How many employees does WellCare Health Plans have?

WellCare Health Plans has 6,900 employees.

What sector is WellCare Health Plans in?

WellCare Health Plans is an insurance company.

When was WellCare Health Plans founded?

WellCare Health Plans was founded in 1985.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 1

WellCare Health Plans, Inc.

8725 Henderson Road, Renaissance One,
Tampa, Florida 33634
United States,
(813) 290-6200
www.wellcare.com

WellCare Health Plans, Inc. is a provider of managed care services targeted to government-sponsored health care programs, focusing on Medicaid and Medicare. WellCare offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 13 - - - - - 13
vol $3.5B $3.5B
Sell (0.0/yr) # - - - - - - 0
  13

Most Recent M&A

Company Date Value Type
Aetna, Inc. - Medicare Part D Business 2018-09-27 - Divestiture
Hartford, Connecticut
Meridian Health Plan of Michigan, Inc. 2018-05-29 2.5B USD Add-on Acquisition
Detroit, Michigan · www.mhplan.com
Phoenix Health Plan - Medicaid Assets 2016-12-22 - Divestiture
, Arizona
Universal American Corp. 2016-11-17 800M USD Add-on Acquisition
White Plains, New York · www.universalamerican.com
Care1st Health Plan of Arizona, Inc. 2016-10-05 158M USD Divestiture
Phoenix, Arizona · www.care1st.com/az/index.asp
Care1st Health Plan, Inc. 2016-10-05 - Add-on Acquisition
Monterey Park, California · www.care1st.com
One Care by Care1st Health Plan of Arizona, Inc. 2016-10-05 - Divestiture
Phoenix, Arizona
Advicare Corp. 2016-02-23 - Add-on Acquisition
Greenville, South Carolina · www.advicarehealth.com
Healthfirst Health Plan of New Jersey - Medicaid Assets 2014-07-01 - Divestiture
Newark, New Jersey
Windsor Health Group, Inc. 2014-01-06 - Divestiture
Brentwood, Tennessee · www.windsorhealthgroup.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Care1st Health Plan, Inc. 2016-10-05 One Care by Care1st Health Plan of Arizona, Inc. 2016-10-05 2
Monterey Park, California · www.care1st.com Phoenix, Arizona
Care1st Health Plan, Inc. 2016-10-05 Care1st Health Plan of Arizona, Inc. 2016-10-05 1
Monterey Park, California · www.care1st.com Phoenix, Arizona · www.care1st.com/az/index.asp

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 9 (69%) 3.5B (100%) - -
Insurance 3 (23%) - - -
Business Services 1 (8%) - - -
Total 13 $3.5B - -

By Geo

State/Country Buy Value Sell Value
United States 13 3.5B - -
  Arizona 3 158M - -
  South Carolina 2 - - -
  California 2 - - -
  Tennessee 1 - - -
  New York 1 800M - -
  New Jersey 1 - - -
  Missouri 1 - - -
  Michigan 1 2.5B - -
  Connecticut 1 - - -
Total 13 $3.5B - -

Top M&A Advisors

Legal Deals
Bass, Berry & Sims
 2

Deal Values

buy # Total
> $1B 1 $2.5B
$100M to $1B 2 $958M
TOTAL $3.5B
Largest Meridian Health Plan of Michigan, Inc.
$2.5B (2018-05-29)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
62%
8 (62%)

Company Summary

SECTOR

Insurance

Revenue

19,985   18% 2018
17,007   20% 2017
14,237   3% 2016
13,890   8% 2015
12,959   37% 2014
9,527   29% 2013
7,409   2012
(millions of USD) Show More Show Less

Employees

6,900

Established

1985

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