WELLCARE HEALTH PLANS, INC.
WellCare Health Plans provides managed care services exclusively targeting government-sponsored healthcare programs, specifically Medicaid and Medicare.
The company seeks to provide high-quality, affordable healthcare services to its members and to generate cost savings for the states it serves while maintaining mutually beneficial relationships with its providers and regulators. The company has centralized its core functions such as claims processing and medical management, but maintained targeted marketing and provider services tailored to its local markets. WellCare operates in Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana and New York, and serves more than 765,000 members.
WellCare completed its initial public offering in July 2004 and trades on the NYSE under the ticker symbol WCG. TowerBrook fully exited its position in August 2006Back