WellCare Health Plans

WellCare has developed a full complement of expertise in the three major areas of government-sponsored health care: Medicaid, Medicare Advantage and Medicare Prescription Drug Plans.  WellCare has a focus on those members who are dually eligible for both Medicaid and Medicare. We are committed to continually improving the quality of care and service that we provide to our members. We help our members access the right care at the right time in the appropriate setting through coordinated care teams and community partnerships. And we’re focused on government customers and use a disciplined approach to ensuring a competitive cost structure.

Type
Public
HQ
Tampa, US
Founded
1985
Size (employees)
7,400 (est)+8%
WellCare Health Plans was founded in 1985 and is headquartered in Tampa, US

Key People at WellCare Health Plans

Ken Burdick

Ken Burdick

Chief Executive Officer

WellCare Health Plans Office Locations

WellCare Health Plans has an office in Tampa
Tampa, US (HQ)
8735 Henderson Rd

WellCare Health Plans Metrics

WellCare Health Plans Financial Metrics

Revenue (2016)

$14.2 b

Revenue growth (2015-16), %

2%

Net income (2016)

$242.1 m

Market capitalization (21-Mar-2017)

$6.2 b

Closing share price (21-Mar-2017)

$141.1

Cash (31-Dec-2016)

$4 b
WellCare Health Plans's current market capitalization is $6.2 b.
WellCare Health Plans's revenue was reported to be $14.2 b in FY, 2016 which is a 2.5% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$9.5 b$13 b$13.9 b$14.2 b

Revenue growth, %

36%7%2%

Gross profit

$1.3 b$1.3 b

Gross profit Margin, %

13%10%

Operating expense total

$9.2 b$12.8 b$13.6 b

EBIT

$281.1 m$148.3 m$336.1 m$529.5 m

EBIT margin, %

3%1%2%4%

Interest expense

$54.2 m($59.1 m)

Pre tax profit

$336.1 m$529.5 m

Income tax expense

$217.5 m$287.4 m

Net Income

$175.3 m$63.7 m$118.6 m$242.1 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014FY, 2015FY, 2016

Cash

$1.2 b$1.4 b$1.3 b$1.1 b$1.5 b$1.3 b$2.4 b$4 b

Current Assets

$4.3 b$5.1 b

Goodwill

$263.2 m$392.5 m

Total Assets

$5.2 b$6.2 b

Accounts Payable

$405.2 m$665.6 m

Total Debt

$1.2 b$997.6 m

Current Liabilities

$2.4 b$3.1 b

Additional Paid-in Capital

$518.4 m$546.9 m

Retained Earnings

$1.2 b$1.5 b

Total Equity

$1.7 b$2 b

Debt to Equity Ratio

0.7 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

3 x3.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$118.6 m$242.1 m

Cash From Operating Activities

$382 m($169 m)$712.6 m$748.3 m

Purchases of PP&E

($137 m)($105.3 m)

Cash From Investing Activities

($124.2 m)($27 m)

Long-term Borrowings

($400 m)

Interest Paid

$51.9 m$57.3 m

Income Taxes Paid

$217.9 m$222.3 m

WellCare Health Plans Market Value History

WellCare Health Plans Online Presence

WellCare Health Plans Company Life

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