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.

Type
Public
HQ
Tampa, US
Founded
2004
Size (employees)
8,900 (est)+21%
WellCare Health Plans was founded in 2004 and is headquartered in Tampa, US
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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
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WellCare Health Plans Financials and Metrics

WellCare Health Plans Financials

WellCare Health Plans's revenue was reported to be $14.24 b in FY, 2016 which is a 2.5% increase from the previous period.
USD

Revenue (Q3, 2017)

4.4 b

Net income (Q3, 2017)

171.6 m

EBIT (Q3, 2017)

211.9 m

Market capitalization (18-Apr-2018)

9.1 b

Cash (30-Sep-2017)

4.9 b
WellCare Health Plans's current market capitalization is $9.1 b.
Annual
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%
Quarterly
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
Annual
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
Quarterly
USDQ2, 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
Annual
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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

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
USDY, 2017

Revenue/Employee

595 k

Financial Leverage

3.9 x
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