Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  WellCare Health Plans, Inc.    WCG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

WellCare Health Plans, Inc. : WellCare's 'Ohana Health Plan Selected to Serve Hawaii's Quest Medicaid Program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/23/2012 | 11:44pm CEST

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
[email protected]

Media relations
Denise Malecki
813-206-2747
[email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WELLCARE HEALTH PLANS, INC
04/20 WELLCARE HEALTH PLANS : Names Scott Sivik State President, 'Ohana Health Plan
04/19 WELLCARE HEALTH PLANS : Names Stephanie Davis Senior Vice President, Division Pr..
04/18 WELLCARE HEALTH PLANS : Announces $20,000 in Grants to Help Reduce Tobacco Use a..
04/17 WELLCARE HEALTH PLANS : Supports March of Dimes - Atlanta Chapter
04/15 WELLCARE HEALTH PLANS : Southeastern Guide Dogs gets $10,000 boost from WellCare..
04/13 WELLCARE HEALTH PLANS : of New York Signs Agreements with Catholic Health and Ca..
04/11 WELLCARE HEALTH PLANS : Names Scott Sivik State President, 'Ohana Health Plan
04/10 WELLCARE HEALTH PLANS, INC. (NYSE : WCG) Files An 8-K Termination of a Material ..
04/10 WELLCARE HEALTH PLANS, INC. : Termination of a Material Definitive Agreement (fo..
04/06 WELLCARE HEALTH PLANS : Sponsors 2017 Midlands Heart Walk
More news
Sector news : Managed Healthcare - NEC
04/24DJEXPRESS SCRIPTS : Says It Will Lose Anthem, Its Biggest Customer, in 2020
04/20DJInsurers Offer Early Sign of ACA Exchange Plans for 2018
04/19DJUNITEDHEALTH : Insurer Reports Higher Earnings -- WSJ
04/18DJUNITEDHEALTH : Profits Rise as it Exits Health-Care Exchanges -- Update
04/18 UNITEDHEALTH : planning for costly 2018 health insurance tax
More sector news : Managed Healthcare - NEC
News from SeekingAlpha
04/18 J&J's 3.4% post-earnings decline leads healthcare lower; UNH a rare gainer
04/12 Cigar Butts With Little Puffs - Low EV/EBIT Large Cap Strategy, Q1 Update
04/08 The Market Crushing Strategy Of 2016 Takes A Break - Time To Invest, Or Watch..
04/04 Greenblatt Sprinkles Alpha From His Magic Wand - Magic Formula Large Cap Q1 U..
04/04 WALL STREET BREAKFAST : Compromise Over Healthcare?
Advertisement
Financials ($)
Sales 2017 15 684 M
EBIT 2017 503 M
Net income 2017 274 M
Finance 2017 2 002 M
Yield 2017 -
P/E ratio 2017 24,91
P/E ratio 2018 21,54
EV / Sales 2017 0,31x
EV / Sales 2018 0,26x
Capitalization 6 792 M
More Financials
Chart WELLCARE HEALTH PLANS, INC
Duration : Period :
WellCare Health Plans, Inc Technical Analysis Chart | WCG | US94946T1060 | 4-Traders
Full-screen chart
Technical analysis trends WELLCARE HEALTH P...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 151 $
Spread / Average Target -1,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kenneth A. Burdick Chief Executive Officer & Director
Christian P. Michalik Chairman
W. Lee Bowers Chief Operating Officer
Andrew Lynn Asher Chief Financial Officer & Senior Vice President
Darren Ghanayem Chief Information Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WELLCARE HEALTH PLANS,..11.36%6 792
UNITEDHEALTH GROUP INC7.68%166 145
ANTHEM INC17.14%44 616
AETNA INC6.93%43 987
CIGNA CORPORATION16.92%40 030
HUMANA INC4.77%30 842
More Results