Edition:
United States

WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

201.65USD
15 Dec 2017
Change (% chg)

$-1.36 (-0.67%)
Prev Close
$203.01
Open
$203.00
Day's High
$205.35
Day's Low
$201.45
Volume
260,268
Avg. Vol
102,765
52-wk High
$213.97
52-wk Low
$133.21

Latest Key Developments (Source: Significant Developments)

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 Q1 adjusted earnings per share $1.61
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Wellcare Health Plans Inc :Wellcare reports first quarter 2017 results.Q1 adjusted earnings per share $1.61.Q1 gaap earnings per share $1.50.Q1 earnings per share view $1.18 -- Thomson Reuters I/B/E/S.Raises fy 2017 adjusted earnings per share view to $6.55 to $6.80.Wellcare health plans inc - is increasing its full-year 2017 adjusted eps guidance to a range of $6.55 to $6.80 from its previous guidance range.Wellcare health plans-medicare health plans membership was 356,000 members at march 31, 2017, up 9.2 percent compared with march 31, 2016.Wellcare health plans - medicare health plans membership was 356,000 members at march 31, 2017, and increased by 30,000 members compared with march 31, 2016.Wellcare health plans inc- medicare health plans premium revenue of $1.1 billion for q1 of 2017 increased 12.4 percent compared with q1 of 2016.Fy2017 earnings per share view $6.69 -- Thomson Reuters I/B/E/S.Wellcare health plans inc - q1 gaap total premium revenue $3,947 million versus $3,536 million.Wellcare health plans - medicare pdp membership was 1.1 million as of march 31, 2017, and increased by 74,000 members, or 7.2 percent versus march 31, 2016.Q1 revenue view $3.86 billion -- Thomson Reuters I/B/E/S.Wellcare health plans inc - sees fy total gaap premium revenue $16.55 billion to $16.95 billion.Wellcare health plans inc - sees fy total adjusted premium revenue $16.45 billion to $16.85b billion.Fy2017 revenue view $16.27 billion -- Thomson Reuters I/B/E/S.  Full Article

WellCare Health Plans Q1 adjusted earnings $1.61/shr
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - WellCare Health Plans Inc :Wellcare reports first quarter 2017 results.Q1 adjusted earnings per share $1.61.Q1 gaap earnings per share $1.50.Q1 earnings per share view $1.18 -- Thomson Reuters I/B/E/S.Raises fy 2017 adjusted earnings per share view to $6.55 to $6.80.Wellcare health plans inc - is increasing its full-year 2017 adjusted eps guidance to a range of $6.55 to $6.80 from its previous guidance range.Wellcare health plans-medicare health plans membership was 356,000 members at march 31, 2017, up 9.2 percent compared with march 31, 2016.Wellcare health plans - medicare health plans membership was 356,000 members at march 31, 2017, and increased by 30,000 members compared with march 31, 2016.Wellcare health plans inc- medicare health plans premium revenue of $1.1 billion for q1 of 2017 increased 12.4 percent compared with q1 of 2016.Fy2017 earnings per share view $6.69 -- Thomson Reuters I/B/E/S.Wellcare health plans inc - q1 gaap total premium revenue $3,947 million versus $3,536 million.Wellcare health plans - medicare pdp membership was 1.1 million as of march 31, 2017, and increased by 74,000 members, or 7.2 percent versus march 31, 2016.Q1 revenue view $3.86 billion -- Thomson Reuters I/B/E/S.Wellcare health plans inc - sees fy total gaap premium revenue $16.55 billion to $16.95 billion.Wellcare health plans inc - sees fy total adjusted premium revenue $16.45 billion to $16.85b billion.Fy2017 revenue view $16.27 billion -- Thomson Reuters I/B/E/S.  Full Article

Wellcare Health expects additional interest expense and financing costs associated with new 5.25% senior unsecured notes due 2025
Thursday, 9 Mar 2017 08:14am EST 

Wellcare Health Plans Inc : Wellcare health plans inc- expects additional interest expense and financing costs associated with new 5.25% senior unsecured notes due 2025 . Wellcare health plans inc- additional expenses do not require co to change 2017 guidance for adjusted earnings per share- sec filing . Wellcare health plans inc - will incur a one-time loss on extinguishment of debt of approximately $0.36 per diluted share . Wellcare health plans inc- one-time charge will be excluded from co's adjusted earnings per diluted share .Wellcare health plans- loss of $0.36per share in connection with redemption, repurchase of outstanding $900 million in principal amount of 5.75% notes due 2020.  Full Article

Wellcare announces pricing of notes
Wednesday, 8 Mar 2017 05:40pm EST 

Wellcare Health Plans Inc : Wellcare announces pricing of notes . Priced $1.2 billion aggregate principal amount of its 5.25 pct senior notes due 2025 . Says notes will be issued at 100.0 pct, and bear interest at 5.25 pct . Wellcare Health Plans says notes mature on April 1, 2025 .First interest payment for notes will be October 1, 2017.  Full Article

Wellcare to offer $1.2 bln in senior notes
Wednesday, 8 Mar 2017 07:30am EST 

Wellcare Health Plans Inc : Wellcare health plans inc - plans to offer approximately $1.2 billion aggregate principal amount of senior notes due 2025 . Wellcare announces offering of notes .Wellcare health plans - to use net proceeds of offering to redeem or repay $900.0 million in outstanding amount of its 5.75% senior notes due 2020.  Full Article

BRIEF- WellCare of Nebraska md Stephen Lazoritz receives governor appointment to newly established council

* GOVERNOR APPOINTS WELLCARE OF NEBRASKA'S MEDICAL DIRECTOR, DR. STEPHEN LAZORITZ, TO THE PALLIATIVE CARE AND QUALITY OF LIFE ADVISORY COUNCIL Source text for Eikon: Further company coverage: