WellCare Health Plans, Inc. : WellCare Completes Acquisition Of Missouri Care, Incorporated TAMPA, Fla. (April 1, 2013) - WellCare Health Plans, Inc. (NYSE: WCG) today announced that it has completed the acquisition of Missouri Care, Incorporated, a subsidiary of Aetna Inc. (NYSE: AET). Financial terms were not disclosed. On Jan. 22, 2013, WellCare stated that it had entered into an agreement to acquire the plan. As of December 2012, Missouri Care serves more than 100,000 MO HealthNet Medicaid program members in 54 counties across the state. Missouri Care's provider network includes more than 50 hospitals and 9,500 physicians. "WellCare is committed to helping our members lead better, healthier lives," said Dave Reynolds, WellCare's Midwest Region President. "We look forward to working with Missouri Care's Pam Johnson and her team to enhance the quality of life for this population of Missourians." At this time, WellCare is not revising its 2013 financial guidance to reflect the Missouri Care transaction. WellCare intends to update its 2013 financial outlook in conjunction with its report of financial results for the first quarter of 2013. Plan members will remain enrolled and will experience no changes in their plan benefits. Members will receive a new ID card in the mail with an updated phone number for the 24-hour nurse advice line. Providers will also remain enrolled in the provider network and should continue to use the existing claims submission process at this time. Providers will also receive additional information by mail. Members and providers can call 1-800-322-6027 if they have any questions. 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, Fla., 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 2.7 million members nationwide as of Dec. 31, 2012. For more information about WellCare, please visit the company's website at www.wellcare.com. -END- CONTACTS: Investor Relations Gregg Haddad 813-206-3916 firstname.lastname@example.org Media Relations Jack Maurer 813-206-2762 email@example.com WellCare Completes Acquisition Of Missouri Care, Incorporated ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 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 the information contained therein. Source: WellCare Health Plans, Inc. via Thomson Reuters ONE HUG#1689236
WellCare Health Plans, Inc. : WellCare Completes Acquisition Of Missouri Care, Incorporated
Press spacebar to pause and continue. Press esc to stop.