WellCare Health Plans

WellCare provides managed care health plans. The Company focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. Medicaid provides medical assistance to low-income and disabled persons. The Medicare program provides health care coverage primarily to individuals age 65 or older as well as to individuals with certain disabilities. It provides hospitalization benefits, benefits for medically necessary services and supplies including outpatient care, physician services, and home health care, private health plans, and prescription drug coverage.

Company Growth (employees)
Type
Public
HQ
Tampa, US
Founded
2004
Size (employees)
7,400 (est)
WellCare Health Plans was founded in 2004 and is headquartered in Tampa, US

Key People/Management 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 Financials and Metrics

WellCare Health Plans Financials

WellCare Health Plans's revenue was reported to be $14.2 b in FY, 2016
USD

Revenue (Q3, 2017)

4.4 b

Net income (Q3, 2017)

171.6 m

EBIT (Q3, 2017)

211.9 m

Market capitalization (13-Nov-2017)

9.1 b

Cash (30-Sep-2017)

4.9 b
WellCare Health Plans's current market capitalization is $9.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.5 b13 b13.9 b14.2 b

Revenue growth, %

36%7%2%

EBIT

281.1 m148.3 m336.1 m529.5 m

EBIT margin, %

3%1%2%4%
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

2.5 b3 b3.2 b3.4 b3.5 b3.5 b3.4 b3.5 b3.6 b3.6 b4 b4.3 b4.4 b

General and administrative expense

218.8 m245.3 m228.9 m261.5 m256.9 m255.5 m279.6 m268.9 m278 m268.5 m302.4 m365.5 m372.3 m

Operating expense total

2.4 b2.9 b3.2 b3.3 b3.4 b3.3 b3.3 b3.5 b3.4 b268.5 m3.9 b4.2 b4.2 b

EBIT

37.3 m(14.6 m)69.5 m54.4 m140.7 m100.1 m141.9 m211.9 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014FY, 2015FY, 2016

Cash

1.2 b1.4 b1.3 b1.1 b1.5 b1.3 b2.4 b4 b

Current Assets

4.3 b5.1 b

Goodwill

263.2 m392.5 m

Total Assets

5.2 b6.2 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

1.3 b1.4 b2.4 b2.5 b3.9 b5.6 b4 b4.9 b

Current Assets

4.1 b4 b4.4 b4.6 b5.6 b7.3 b6.3 b6.8 b

Goodwill

263.2 m263.2 m263.2 m290.4 m289.8 m377.5 m651.5 m648.2 m

Total Assets

5 b4.9 b5.3 b5.6 b6.5 b8.3 b8.5 b9.1 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

118.6 m242.1 m

Cash From Operating Activities

382 m(169 m)712.6 m748.3 m

Purchases of PP&E

(137 m)(105.3 m)

Cash From Investing Activities

(124.2 m)(27 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

132.4 m44.1 m36.6 m55.9 m17.5 m

Depreciation and Amortization

31.8 m14.6 m29.6 m44 m16.8 m

Cash From Operating Activities

229.7 m(13.9 m)(246.6 m)179.4 m

Cash From Investing Activities

(153.3 m)162.3 m45.8 m45 m
Y, 2017

Financial Leverage

3.9 x
Show all financial metrics

WellCare Health Plans Market Value History

WellCare Health Plans's Web-traffic and Trends

WellCare Health Plans Online and Social Media Presence

WellCare Health Plans Company Life and Culture

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