At the time of TowerBrook Fund I’s investment, WellCare Health Plans, Inc. provided managed care services to more than 400,000 members in the Eastern US, exclusively targeting the government-sponsored healthcare programmes Medicaid and Medicare. The company sought to provide high-quality, affordable healthcare services to its members and to generate cost savings for the states it served while maintaining mutually beneficial relationships with its providers and regulators. WellCare completed its initial public offering on the New York Stock Exchange in July 2004. TowerBrook exited its position in WellCare in August 2006.