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United States

WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

239.85USD
18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

WellCare Health Plans Says Will Pay Meridian A Termination Fee Of $50 Mln If Deal Terminated Under Certain Conditions
Tuesday, 29 May 2018 04:50pm EDT 

May 29 (Reuters) - WellCare Health Plans Inc ::WELLCARE HEALTH PLANS SAYS IF DEAL WITH MERIDIAN TERMINATED UNDER CERTAIN CONDITIONS, CO TO PAY MERIDIAN A TERMINATION FEE OF $50 MILLION- SEC FILING.WELLCARE HEALTH PLANS SAYS IF DEAL TERMINATED BY MERIDIAN UNDER CERTAIN CONDITIONS, CO TO PAY MERIDIAN A TERMINATION FEE OF $100 MILLION.  Full Article

Wellcare Health Plans Reports Q1 Adjusted Earnings Per Share Of $2.47
Tuesday, 1 May 2018 06:00am EDT 

May 1 (Reuters) - WellCare Health Plans Inc ::WELLCARE REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $2.47.Q1 GAAP EARNINGS PER SHARE $2.25.Q1 EARNINGS PER SHARE VIEW $2.02 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $10.00 TO $10.30.WELLCARE HEALTH PLANS - MEDICAID HEALTH PLANS MEMBERSHIP WAS 2.7 MILLION AS OF MARCH 31, AND INCREASED BY MORE THAN 3.1 PERCENT.FY2018 EARNINGS PER SHARE VIEW $9.82 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES $4,646.2 MILLION VERSUS $3,954.2 MILLION.WELLCARE HEALTH PLANS - MEDICARE HEALTH PLANS MEMBERSHIP WAS 506,000 MEMBERS AS OF MARCH 31, 2018 AND ROSE 42.1 PERCENT, COMPARED WITH MARCH 31, 2017.Q1 REVENUE VIEW $4.69 BILLION -- THOMSON REUTERS I/B/E/S.MEDICARE HEALTH PLANS PREMIUM REVENUE OF $1.6 BILLION FOR Q1 OF 2018 INCREASED 42.2 PERCENT COMPARED WITH Q1 OF 2017.MEDICARE PDP MEMBERSHIP WAS ABOUT 1.1 MILLION AS OF MARCH 31, 2018, AND FELL BY 2.4 PERCENT, COMPARED WITH MARCH 31, 2017.  Full Article

Care1st Health Plan Arizona Awarded Medicaid Contract
Tuesday, 13 Mar 2018 08:30am EDT 

March 13 (Reuters) - Wellcare Health Plans Inc ::CARE1ST HEALTH PLAN ARIZONA AWARDED MEDICAID CONTRACT.CARE1ST HEALTH PLAN ARIZONA INC SAYS SELECTED TO ENTER INTO A CONTRACT WITH ARIZONA HEALTH CARE COST CONTAINMENT SYSTEM.CARE1ST HEALTH PLAN ARIZONA INC SAYS CONTRACT WITH AHCCCS TO COORDINATE PROVISION OF HEALTHCARE SERVICES IN CENTRAL AND NORTH GEOGRAPHIC SERVICE AREAS.CARE1ST HEALTH PLAN ARIZONA INC SAYS SERVICES UNDER NEW CONTRACT WITH AHCCCS ARE EXPECTED TO BEGIN ON OCTOBER 1.  Full Article

Wellcare Reports Q4 Adjusted Earnings Per Share $0.32
Tuesday, 6 Feb 2018 06:00am EST 

Feb 6 (Reuters) - Wellcare Health Plans Inc ::WELLCARE REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.32.Q4 GAAP EARNINGS PER SHARE $1.34.RAISES FY 2018 ADJUSTED EARNINGS PER SHARE VIEW TO $9.55 TO $9.85.‍INCREASES FULL-YEAR 2018 GUIDANCE​.MEDICARE HEALTH PLANS MEMBERSHIP WAS 496,000 MEMBERS AS OF DEC 31, 2017, INCREASED BY 151,000 MEMBERS.MEDICARE HEALTH PLANS PREMIUM REVENUE OF $1.44 BILLION FOR Q4 OF 2017 INCREASED 50.9 PERCENT COMPARED WITH Q4 OF 2016.MEDICARE PDP MEMBERSHIP WAS APPROXIMATELY 1.2 MILLION AS OF DECEMBER 31, 2017, AND INCREASED BY 143,000 MEMBERS, OR 14.2 PERCENT.WELLCARE HEALTH PLANS - DUE TO TAX CUTS AND JOBS ACT, QTRLY RESULTS INCLUDE $56.1 MILLION NONCASH BENEFIT FROM REVALUATION OF NET DEFERRED TAX LIABILITY..WELLCARE HEALTH PLANS - ‍MEDICARE HEALTH PLANS MEMBERSHIP WAS 496,000 MEMBERS AS OF DEC 31, 2017 AND INCREASED BY 151,000 MEMBERS VERSUS DEC 31, 2016​.‍MEDICARE HEALTH PLANS PREMIUM REVENUE OF $1.44 BILLION FOR Q4 OF 2017 INCREASED 50.9 PERCENT COMPARED WITH Q4 OF 2016​.QTRLY GAAP TOTAL PREMIUM REVENUE $4,328.8 MILLION VERSUS $3,515.5 MILLION.Q4 REVENUE VIEW $4.32 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.21 -- THOMSON REUTERS I/B/E/S.  Full Article

WellCare Issues 2018 Annual Guidance
Monday, 18 Dec 2017 07:00am EST 

Dec 18 (Reuters) - WellCare Health Plans Inc ::WELLCARE ISSUES 2018 ANNUAL GUIDANCE.SEES FY 2018 REVENUE $18.65 BILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $8.40 TO $8.65.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $8.25 TO $8.40.- REAFFIRMED ITS FULL-YEAR 2017 GUIDANCE.FY2018 EARNINGS PER SHARE VIEW $8.67 -- THOMSON REUTERS I/B/E/S.FY2017 EARNINGS PER SHARE VIEW $8.33, REVENUE VIEW $16.95 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $18.90 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Care1st Health Plan Arizona Signs Agreement With Equality Health
Monday, 4 Dec 2017 08:30am EST 

Dec 4 (Reuters) - Wellcare Health Plans Inc ::CARE1ST HEALTH PLAN ARIZONA SIGNS VALUE-BASED AGREEMENT WITH EQUALITY HEALTH TO OFFER AN EXPANDED NETWORK AND CULTURALLY COMPETENT SERVICES.CARE1ST HEALTH PLAN ARIZONA - CO, EQUALITY HEALTH TO OFFER AHCCCS (MEDICAID) MEMBERS NETWORK OF DOCTORS TO DELIVERING INTEGRATED, HOLISTIC SERVICES​.  Full Article

Easy Choice Health Plan signs value-based agreement with AltaMed Health
Wednesday, 15 Nov 2017 08:30am EST 

Nov 15 (Reuters) - Wellcare Health Plans Inc :Wellcare health plans - ‍easy choice health plan, inc., a wellcare health plans co , announced it signed agreement with altamed health services corp​.Wellcare health plans - ‍altamed to provide in-network coverage to easy choice's medicare advantage members through 35 sites within los angeles & orange counties​.  Full Article

WellCare says Q3 GAAP earnings per share $3.82
Tuesday, 31 Oct 2017 05:45am EDT 

Oct 31 (Reuters) - WellCare Health Plans Inc -:WellCare reports third quarter 2017 results.Q3 adjusted earnings per share $4.08.Q3 GAAP earnings per share $3.82.Q3 earnings per share view $1.91 -- Thomson Reuters I/B/E/S.Raises FY 2017 adjusted earnings per share view to $8.25 to $8.40.WellCare Health Plans Inc - ‍increases full-year 2017 guidance​.FY2017 earnings per share view $7.01 -- Thomson Reuters I/B/E/S.WellCare Health Plans Inc - ‍Q3 results also include recognition of a $23.7 million, or $0.53 per diluted share, previously unrecognized tax benefit​.WellCare - ‍Q3 results include $0.40 per share in additional Florida Medicaid retroactive premium revenue related to benefits for periods before May 2016​.WellCare - ‍revised FY adjusted earnings per share guidance includes tax benefit of about $0.53/share & $0.40/share related to Florida Medicaid retroactive premium revenue.WellCare Health - ‍estimated $0.56-$0.65/share impact due to effect of premium deficiency reserve seen to be recorded in Q4 related to contract with Illinois HFS.  Full Article

Wellcare Health Plans CFO says company and CVS Health have agreed to extend their pharmacy benefit manager agreement for 2019 and 2020
Friday, 4 Aug 2017 09:02am EDT 

Aug 4 (Reuters) - Wellcare Health Plans Inc :Wellcare Health Plans CFO says company and CVS Health have agreed to extend their pharmacy benefit manager agreement for 2019 and 2020 - Conf Call.  Full Article

Wellcare reports Q2 EPS $1.65
Friday, 4 Aug 2017 06:00am EDT 

Aug 4 (Reuters) - Wellcare Health Plans Inc :Wellcare reports second quarter 2017 results.Q2 adjusted earnings per share $2.52.Q2 earnings per share view $2.24 -- Thomson Reuters I/B/E/S.Q2 GAAP earnings per share $1.65.Raises FY 2017 adjusted earnings per share view to $6.75 to $6.95.Qtrly premium revenue $4.26 billion versus $3.50 billion.Says membership in co's co’s medicaid health plans segment was 2.8 million members at June 30, 2017, increased by 402,000 members.Says medicare health plans membership was 484,000 members as of June 30, 2017, increased by 153,000 members.Sees 2017 total gaap premium revenue $16.55 billion to $16.95 billion.Says medicare health plans premium revenue of $1.3 billion for Q2 of 2017 increased 33.3 percent compared with Q2 of 2016.Sees 2017 total adjusted premium revenue $16.45 billion to $16.85 billion.Says medicare pdp membership was 1.1 million as of June 30, 2017, increased by 104,000 members.Sees 2017 medicare health plans premium revenue $5.20 billion to $5.35 billion.  Full Article

WellCare Health to buy Meridian Health Plans for $2.5 billion

WellCare Health Plans Inc said on Tuesday it would buy Meridian Health Plans of Michigan and Illinois for $2.5 billion in cash to become the top Medicaid provider in those states.