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 Data and Metrics

WellCare Health Plans Financial Metrics

WellCare Health Plans's revenue was reported to be $14.2 b in FY, 2016 which is a 2% increase from the previous period.
USD

Revenue (FY, 2016)

14.2 b

Revenue growth (FY, 2015 - FY, 2016), %

2%

Net income (FY, 2016)

242.1 m

EBIT (FY, 2016)

529.5 m

Market capitalization (20-Jul-2017)

8.2 b

Closing share price (20-Jul-2017)

182.3

Cash (31-Dec-2016)

4 b

EV

5.2 b
WellCare Health Plans's current market capitalization is $8.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9.5 b13 b13.9 b14.2 b

Revenue growth, %

36%7%2%

Gross profit

1.3 b1.3 b

Gross profit Margin, %

13%10%

Operating expense total

9.2 b12.8 b13.6 b

EBIT

281.1 m148.3 m336.1 m529.5 m

EBIT margin, %

3%1%2%4%

Interest expense

54.2 m(59.1 m)

Pre tax profit

336.1 m529.5 m

Income tax expense

217.5 m287.4 m

Net Income

175.3 m63.7 m118.6 m242.1 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

Accounts Payable

405.2 m665.6 m

Total Debt

1.2 b997.6 m

Current Liabilities

2.4 b3.1 b

Additional Paid-in Capital

518.4 m546.9 m

Retained Earnings

1.2 b1.5 b

Total Equity

1.7 b2 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
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)

Long-term Borrowings

(400 m)

Cash From Financing Activities

505.1 m833.1 m

Interest Paid

51.9 m57.3 m

Income Taxes Paid

217.9 m222.3 m
Y, 2016

EV/EBIT

9.9 x

EV/CFO

7 x

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

3.1 x

WellCare Health Plans Market Value History

WellCare Health Plans Online and Social Media Presence

WellCare Health Plans Company Life and Culture

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