Stratrix
On the Record · Wellcare Health Plans

Wellcare Health Plans acquisitions, on the record

The businesses Wellcare Health Plans bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Care1st Health Plan Arizona, Inc. and One Care by Care1st Health Plan of Arizona, Inc. (together, Care1st Arizona)
Word for word“On December 31, 2016, we completed the acquisition of Care1st Arizona from Care1st Health Plan, an affiliate of Blue Shield of California, for approximately $163.8 million, inclusive of statutory capital and subject to certain adjustments.” 10-K for 2016
acquisitionOn December 31, 2016approximately $163.8 million
Advicare Corp. (certain assets)
Word for word“On June 1, 2016, we completed the acquisition of certain assets of Advicare Corp. ("Advicare"), a managed care organization that provides Medicaid benefits in South Carolina.” 10-K for 2016
acquisitionOn June 1, 2016—
Sterling Life Insurance Company (Medicare Supplement business)
Word for word“On July 1, 2015, we sold Sterling Life Insurance Company ("Sterling"), the Medicare Supplement business that we acquired as part of the Windsor transaction.” 10-K for 2016
divestitureOn July 1, 2015—
Phoenix Health Plan (certain assets, including Medicaid membership and certain provider contracts)
Word for word“In December 2016, we entered into a definitive agreement to acquire certain assets, including Medicaid membership and certain provider contracts, from Phoenix Health Plan ("PHP"), a wholly owned managed care subsidiary of Tenet Healthcare.” 10-K for 2016
agreed acquisitionIn December 2016—
Universal American Corp. ("UAM")
Word for word“In November 2016, we entered into a definitive agreement with Universal American Corp. ("UAM"), to acquire all of the outstanding stock of UAM in an all cash transaction valued at approximately $800.0 million.” 10-K for 2016
agreed acquisitionIn November 2016approximately $800.0 million
Windsor Health Group, Inc. ("Windsor")
Word for word“On January 1, 2014, we acquired all of the outstanding stock of Windsor Health Group, Inc. ("Windsor") from Munich Health North America, Inc., a part of Munich Re Group.” 10-K for 2016
acquisitionOn January 1, 2014—
Phoenix Health Plan (certain assets, including Arizona Medicaid membership and certain provider contracts)
Word for word“On May 1, 2017, we completed our acquisition of certain assets from Phoenix Health Plan ("PHP"), including Arizona Medicaid membership and certain provider contracts.” 10-K for 2017
acquisitionOn May 1, 2017—
Universal American Corp.
Word for word“The transaction was valued at approximately $770.0 million.” 10-K for 2017
acquisition—approximately $770.0 million
Care1st Health Plan Arizona, Inc. and One Care by Care1st Health Plan of Arizona, Inc. (Care1st Arizona)
Word for word“On December 31, 2016, we completed the acquisition of Care1st Arizona.” 10-K for 2017
acquisitionDecember 31, 2016—
Aetna Inc.'s standalone Medicare Part D prescription drug plan membership
Word for word“On November 30, 2018, we completed the purchase of Aetna Inc.'s ("Aetna") entire standalone Medicare Part D prescription drug plan membership ("Aetna Part D membership"), which Aetna divested as part of CVS Health Corporation's acquisition of Aetna, for a total consideration of $107.2 million , which is subject to certain true-up provisions.” 10-K for 2018
acquisitionNovember 30, 2018$107.2 million
Meridian Health Plan of Michigan, Inc., Meridian Health Plan of Illinois, Inc., and MeridianRx
Word for word“On September 1, 2018, we completed the acquisition of Meridian. The estimated purchase price, subject to certain purchase price adjustments, was approximately $2.5 billion .” 10-K for 2018
acquisitionSeptember 1, 2018approximately $2.5 billion
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$68.9 million$129.3 million
2017-12-31$728.3 million$283.9 million
2018-12-31$2.14 billion$1.56 billion

Deal filings since 2016

Read from Wellcare Health Plans’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.