WellCare Health Plans, Inc. : WellCare's 'Ohana Health Plan Selected to Serve Hawaii's Quest Medicaid Program
01/23/2012| 05:44pm US/Eastern
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Tampa, Florida (January 23, 2012) - WellCare Health
Plans, Inc. (NYSE: WCG) today announced that the Hawai'i
Department of Human Services awarded 'Ohana Health Plan
('Ohana), a health plan offered by WellCare Health
Insurance of Arizona, Inc., a contract to serve Hawaii's
QUEST Medicaid program.
'Ohana is one of five health plans selected to
serve approximately 230,000 beneficiaries across the state.
Beneficiaries of the QUEST program include low-income
individuals, families and children who are not aged, blind or
disabled. Services are expected to begin on or about July 1,
2012, and 'Ohana will coordinate medical, behavioral and
pharmacy services with a focus on improving health care
access and the quality of care. The award is conditioned on
the execution of a definitive contract.
'Ohana currently serves approximately 26,000
Hawai'i residents through its Aged, Blind, and Disabled
Medicaid and Medicare Advantage Plans.
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 served
approximately 2.4 million members nationwide as of September
30, 2011. 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. The company's financial
outlook contains 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 progress on
top priorities such as improving health care quality and
access, ensuring a competitive cost position, and delivering
prudent, profitable growth.
Additional information concerning these and other
important risks and uncertainties can be found under the
captions "Cautionary Statement Regarding Forward-Looking
Statements" and "Risk Factors" in the
company's Annual Report on Form 10-K for the year ended
December 31, 2010, 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.
CONTACTS:
Investor relations
Gregg Haddad
813-206-3916
gregg.haddad@wellcare.com
Media relations
Denise Malecki
813-206-2747
denise.malecki@wellcare.com
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