WellCare Health Plans, Inc. : WellCare Completes Acquisition Of Missouri Care,
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
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
"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.
WellCare Completes Acquisition Of Missouri Care, Incorporated
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Source: WellCare Health Plans, Inc. via Thomson Reuters ONE
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