WellCare Health Plans, Inc. : WellCare Completes Acquisition Of South Carolina
Company Names South Carolina Leadership
TAMPA, Fla. (Feb. 4, 2013) - WellCare Health Plans, Inc. (NYSE: WCG) today
announced that it has completed the acquisition of UnitedHealthcare's Medicaid
business in South Carolina.
On Oct. 31, 2012, WellCare stated that it had entered into an agreement to
acquire the plan. The plan operates in 39 of the state's 46 counties,
including the Columbia and Greenville metropolitan areas, through the South
Carolina Healthy Connections Choices program.
Plan members will remain enrolled, will experience no changes in their plan
benefits, and customer service processes and procedures will remain the same.
Plan members can continue to call 1-800-414-9025 if they have any questions.
Providers will also remain enrolled and will experience no changes in
processes and procedures. Providers can call 1-800-600-9007 if they have any
WellCare has also announced the appointments of Dave Shafer to state
president, South Carolina, and Kathy Warner to state chief operating officer,
Shafer joined WellCare on Jan. 31. Prior to this, he served as a consultant
for Providias, LLC, after serving as senior vice president of health insurance
for Principal Financial Group. Previously, Shafer was president of pharmacy
benefit management for CIGNA. He also served in several leadership positions
for UnitedHealth Group from 1995 to 2005, including executive vice president,
national operations for AmeriChoice. Shafer will report to Jesse Thomas,
president of WellCare's South Division.
Warner was previously WellCare's vice president of field network management
for Georgia. She also served as market COO for central and southwest Georgia.
Before joining WellCare in 2006, she served in several leadership roles for
Columbus Regional Healthcare System, including CFO and director of managed
care contracting from 1995 to 2005. Warner will report to Shafer.
"We have put in place a leadership team that can leverage our presence in
South Carolina across all lines of business," said Thomas. "Dave and Kathy's
experience driving growth and profitability in managed health care
environments will bring a strong focus to delivering quality, health care
solutions that will benefit our government customers and members."
About WellCare Health Plans, Inc.
WellCare Health Plans, Inc. provides managed care services targeted to
government-sponsored health care programs, focusing on Medicaid and Medicare.
Headquartered in Tampa, Florida, WellCare offers a variety of health plans for
families, children, and the aged, blind, and disabled, as well as prescription
drug plans. The company serves approximately 2.6 million members nationwide as
of Sept. 30, 2012. For more information about WellCare, please visit the
company's website at www.wellcare.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking" statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements that are predictive in nature, that depend upon or refer
to future events or conditions, or that include words such as "expects,"
"anticipates," "intends," "plans," "believes," "estimates," and similar
expressions are forward-looking statements. For example, statements regarding
the leadership leveraging our presence in South Carolina across all lines of
business and the strong focus to delivering quality, health care solutions
that will benefit our government customers and members are forward-looking
statements. Forward-looking statements involve known and unknown risks and
uncertainties that may cause WellCare's actual future results to differ
materially from those projected or contemplated in the forward-looking
statements. These risks and uncertainties include, but are not limited to,
WellCare's ability to address operational challenges relating to new business,
WellCare's progress on top priorities such as improving health care quality
and access, ensuring a competitive cost position, and delivering prudent,
profitable growth, WellCare's ability to compete for members, WellCare's
ability to build and maintain satisfactory relationships with providers, and
WellCare's ability to effectively manage growth.
Additional information concerning these and other important risks and
uncertainties can be found under the captions "Forward-Looking Statements" and
"Risk Factors" in WellCare's Annual Report on Form 10-K for the year ended
Dec. 31, 2011, and in WellCare's Quarterly Report on Form 10-Q for the period
ended Sept. 30, 2012 and other subsequent filings by WellCare with the U.S.
Securities and Exchange Commission, which contain discussions of WellCare's
business and the various factors that may affect it. WellCare undertakes no
duty to update these forward-looking statements to reflect any future events,
developments, or otherwise.
Crystal Warwell Walker
WellCare Completes Acquisition Of South Carolina Medicaid Plan
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: WellCare Health Plans, Inc. via Thomson Reuters ONE
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