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WellCare Health Plans Inc (WCG.N)

WCG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wellcare Announces Pricing Of $750 Million Of Senior Notes
Thursday, 9 Aug 2018 

WellCare Health Plans Inc ::WELLCARE ANNOUNCES PRICING OF $750 MILLION OF SENIOR NOTES.WELLCARE HEALTH PLANS INC - PRICED AN OFFERING OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.375% SENIOR NOTES DUE 2026.WELLCARE HEALTH PLANS INC - NOTES WILL BE ISSUED AT 100.0%, AND BEAR INTEREST AT 5.375%.  Full Article

Wellcare Announces Pricing Of Common Stock
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES PRICING OF COMMON STOCK.WELLCARE HEALTH PLANS - ON AUGUST 7 PRICED OFFERING OF 4.5 MILLION SHARES OF COMMON STOCK AT $265/COMMON SHARE.  Full Article

Wellcare Announces Offering Of $700 Mln Senior Notes
Monday, 6 Aug 2018 

Aug 6 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES OFFERING OF $700 MILLION SENIOR NOTES.WELLCARE HEALTH PLANS INC - INTENDS TO OFFER FOR SALE $700 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.WELLCARE HEALTH PLANS INC - INTENDS TO OFFER FOR SALE $700 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.WELLCARE HEALTH - INTENDS TO USE PROCEEDS FROM OFFERING TO FUND PORTION OF CASH CONSIDERATION FOR ACQUISITION OF MERIDIAN HEALTH PLAN OF MICHIGAN.  Full Article

Wellcare Announces Five-Year $1.3 Bln Amended And Restated Credit Agreement
Tuesday, 24 Jul 2018 

July 24 (Reuters) - WellCare Health Plans Inc ::WELLCARE ANNOUNCES FIVE-YEAR $1.3 BILLION AMENDED AND RESTATED CREDIT AGREEMENT.WELLCARE HEALTH PLANS - ENTERED INTO AN AMENDED AND RESTATED CREDIT AGREEMENT FOR ITS REVOLVING CREDIT FACILITY.WELLCARE HEALTH PLANS INC - PLANS ON USING UPSIZED FACILITY TO SUPPORT ITS LONG-TERM GROWTH PLANS.WELLCARE - LONG-TERM GROWTH PLANS INCLUDE PENDING ACQUISITION OF MERIDIAN HEALTH PLAN OF MICHIGAN, MERIDIAN HEALTH PLAN OF ILLINOIS, MERIDIANRX LLC.WELLCARE HEALTH PLANS INC - CREDIT AGREEMENT PROVIDES FOR $1.3 BILLION REVOLVING CREDIT FACILITY MATURING IN JULY 2023.WELLCARE HEALTH PLANS - EXPANSION FEATURE INCLUDED IN CREDIT AGREEMENT ALLOWS CO TO INCREASE FACILITY BY ADDITIONAL $500 MILLION.  Full Article

WellCare Issues 2018 Annual Guidance
Monday, 18 Dec 2017 

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 

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 

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 

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 issues 2017 annual guidance
Monday, 19 Dec 2016 

WellCare Health Plans Inc : WellCare issues 2017 annual guidance . WellCare Health Plans Inc says reaffirmed its full-year 2016 guidance . Fy2016 earnings per share view $5.43 -- Thomson Reuters I/B/E/S . Fy2017 earnings per share view $6.31 -- Thomson Reuters I/B/E/S . WellCare says 2017 Medicaid health plans premium revenue to be affected by elimination of Medicaid reimbursement revenue associated with affordable care act health insurer fee moratorium . Sees fy 2016 adjusted earnings per share $5.35 to $5.45 .Sees fy 2017 adjusted earnings per share $6.00 to $6.25.  Full Article

WellCare Q3 adjusted earnings per share $1.63
Tuesday, 1 Nov 2016 

WellCare Health Plans Inc : Fy2016 earnings per share view $5.03 -- Thomson Reuters I/B/E/S . Wellcare health plans inc says q3 gaap medicaid health plans premium revenue was $2.4 billion for q3 of 2016, an increase of 7.5 percent . Wellcare health plans inc says adjusted medicaid health plans premium revenue was $2.3 billion for q3 of 2016, an increase of 6.9 percent . Qtrly total gaap premium revenue $3,578.8 million versus $3,437.3 million . Wellcare health plans -membership in medicaid health plans segment increased by 1.1 percent, from sept 30, 2015 to about 2.4 million members as of sept 30, 2016 . Wellcare health - medicare health plans segment membership up sequentially from june 30, 2016 by 7,000 members to 338,000 members as of sept 30, 2016 . Wellcare health plans inc - medicare health plans premium revenue in q3 of 2016 decreased slightly year over year to $959.0 million . Wellcare health plans inc - medicare prescription drug plans premium revenue was $175.9 million for q3 of 2016, down 13.0 percent compared with q3 of 2015 . Fy2016 earnings per share view $5.03, revenue view $14.18 billion -- Thomson Reuters I/B/E/S . Wellcare reports third quarter 2016 results . Q3 adjusted earnings per share $1.63 . Q3 gaap earnings per share $1.54 . Q3 earnings per share view $1.11 -- Thomson Reuters I/B/E/S.  Full Article

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CVS, Aetna win U.S. approval for $69 billion deal

WASHINGTON/NEW YORK Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consumers.