M&A Deal Summary

Centene Acquires WellCare Health Plans

On March 27, 2019, Centene acquired insurance company WellCare Health Plans for 17.3B USD

Acquisition Highlights
  • This is Centene’s 5th transaction in the Insurance sector.
  • This is Centene’s largest (disclosed) transaction.
  • This is Centene’s 15th transaction in the United States.
  • This is Centene’s 3rd transaction in Florida.

M&A Deal Summary
Date 2019-03-27
Target WellCare Health Plans
Sector Insurance
Buyer(s) Centene
Deal Type Merger
Deal Value 17.3B USD
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

WellCare Health Plans

Tampa, Florida, United States
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.

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Buyer(S) 1

Buyer

Centene

St. Louis, Missouri, United States
Category Company
Founded 1984
Sector Insurance
Employees67,700
Revenue 154.0B USD (2023)
DESCRIPTION
Centene's corporate headquarters in St. Louis, Missouri.
Centene's corporate headquarters in St. Louis, Missouri.

Centene is a diversified, multi-national healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Centene provides member-focused services through locally based staff by assisting in accessing care, coordinating referrals to related health and social services and addressing member concerns and questions. Centene also provides education and outreach programs to inform and assist members in accessing quality, appropriate healthcare services. Centene was incorporated in 1984 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 16 of 21
Sector (Insurance) 5 of 5
Type (Merger) 1 of 1
State (Florida) 3 of 3
Country (United States) 15 of 19
Year (2019) 1 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-28 University Hospital Of Torrejón

Madrid, Spain

University Hospital Of Torrejón currently serves approximately 150,000 people and has a broad portfolio of services and facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Circle Health Group

London, United Kingdom

Circle Health Grou is a healthcare company, that offer a range of specialities, including orthopaedic, ENT, general surgery, gynaecological, gastrointestinal, neuro spinal surgery and more, supported by diagnostic services. Circle Health was founded in 2004 and is based in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal