WellCare Health Plans Mergers and Acquisitions Summary

Insurance Company

WellCare Health Plans has acquired 15 companies, including 10 in the last 5 years. 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%).

Join Mergr and gain access to WellCare Health Plans’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the insurance sector.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • 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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 11 - 2 - - - 13
vol $958M $2.5B $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 Care1st Health Plan of Arizona, Inc. 2016-10-05 2
Monterey Park, California · www.care1st.com Phoenix, Arizona · www.care1st.com/az/index.asp
Care1st Health Plan, Inc. 2016-10-05 One Care by Care1st Health Plan of Arizona, Inc. 2016-10-05 1
Monterey Park, California · www.care1st.com Phoenix, Arizona

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 PLC
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)
27%
3 (27%)
Strategic(s)
73%
8 (73%)

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