M&A Deal Summary

WellCare Health Plans Acquires Meridian Health Plan of Michigan

On May 29, 2018, WellCare Health Plans acquired healthcare services company Meridian Health Plan of Michigan for 2.5B USD

Acquisition Highlights
  • This is WellCare Health Plans’ 9th transaction in the Healthcare Services sector.
  • This is WellCare Health Plans’ largest (disclosed) transaction.
  • This is WellCare Health Plans’ 12th transaction in the United States.
  • This is WellCare Health Plans’ 1st transaction in Michigan.

M&A Deal Summary

Date 2018-05-29
Target Meridian Health Plan of Michigan
Sector Healthcare Services
Buyer(s) WellCare Health Plans
Deal Type Add-on Acquisition
Deal Value 2.5B USD

Target

Meridian Health Plan of Michigan

Detroit, Michigan, United States
Meridian Health Plan of Michigan, Inc. is a family-owned, family-operated group of health plans with offices in Michigan and Illinois. Meridian's affiliates include MeridianHealth (Medicaid), MeridianCare (Medicare), MeridianComplete (Medicare-Medicaid), MeridianChoice (Health Insurance Marketplace), and MeridianRx, a pharmacy benefit management company.

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Buyer(S) 1

Buyer

WellCare Health Plans

Tampa, Florida, United States

Category Company
Founded 1985
Sector Insurance
Employees6,900
Revenue 20.0B USD (2018)
DESCRIPTION

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.


DEAL STATS #
Overall 12 of 13
Sector (Healthcare Services) 9 of 9
Type (Add-on Acquisition) 5 of 5
State (Michigan) 1 of 1
Country (United States) 12 of 13
Year (2018) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Phoenix Health Plan - Medicaid Assets

Arizona, United States

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Aetna - Medicare Part D Business

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