About Universal American
Universal American is a Financial Services company based in White Plains (United States) founded in 1992, and was acquired by WellCare Health Plans in November 2016. Health insurance plans are offered by Universal American. The company has 1,006 employees. Universal American has completed 3 acquisitions, including APS Healthcare, Heritage Health Systems and MemberHealth. Its chief executive, as recorded, is Kenneth Burdick. Its focus areas include Insurance Carriers and Health. Its legal entity is UNIVERSAL AMERICAN CORP. Its competitors include UnitedHealth Group, Kaiser Permanente and United Healthcare.
Company details
Universal American was established in 1992 as a provider in the health insurance sector. Operations are based in White Plains, United States, where various insurance products and services are delivered to policyholders. Coverage options are extended to individuals and groups, with administrative functions handled domestically. Leadership is directed by CEO Kenneth Burdick, ensuring compliance with industry standards.
- Headquarters White Plains, United States
- Employees 1,006
- Stage Acquired
- SectorsFinancial Services
- Website universalamerican.com
- Social LinkedIn
- Acquired by WellCare Health Plans (Nov 2016)
- Legal Name Universal American Corp.
- Annual Revenue$1.38 B (USD)6as on Dec 31, 2016
- Net Profit$55.38 M (USD)134as on Dec 31, 2016
- Latest Funding Round$18M (USD), Post-IPO
Apr 2014
- InvestorsWellCare Health Plans
& 5 more
- Employee Count1,006
- Investments & AcquisitionsAPS Healthcare
& 2 more
- Acquired byWellCare Health Plans
(Nov 2016)
Funding Insights of Universal American
- Total Rounds 6
- Last Round Post-IPO — $18M
- Investors Count 5
All 6 funding rounds of Universal American with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $18M | Post-IPO | – | – | |
| Mar 2012 | $76.75M | Post-IPO | – | – | – |
| Sep 2007 | $350M | Post-IPO | – | – | |
| Jun 2002 | $15M | Post-IPO | – | – | – |
| Apr 1997 | $4.1M | Post-IPO | – | – | – |
| Dec 1994 | Unspecified | – | – |
6 investors in total: 6 institutional.
Investors in Universal American
Universal American has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include WellCare Health Plans, Welsh, Carson, Anderson & Stowe and Foresite Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage investment firm invests in healthcare and life sciences companies | foresitecapital.com | New York, United States | ||
Private equity investing focused on business, financial, and healthcare services sectors. | leeequity.com | |||
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | usv.com | New York, United States | ||
Healthcare and technology sectors are targeted for private equity investments. | 1979 | wcas.com | New York, United States | |
US private equity investments are managed by Wand Partners. | wandpartners.com | Key Biscayne, United States | ||
Government-sponsored health care coverage to consumers | 1985 | wellcare.com | Tampa, United States |
Investor details for Universal American
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Universal American
42 people are tracked at Universal American (10 in leadership, 32 in team); the tracked headcount is 1,006.
| Name | Role | Group |
|---|---|---|
Kenneth Burdick | CEO | Leadership |
Richard A. Barasch | CEO | Leadership |
Bsn Sharon Waxley Rn, Ccm | Director Health Services | Leadership |
Tamara Blackburn | Director Of Marketing Communications | Leadership |
Renee Toth-Flenner | Marketing Director | Leadership |
Harry Jenkins | Vice President Independent Agency Sales | Leadership |
Stephanie Frank | VP IT MA | Leadership |
Russ Gantos | VP Of Marketing | Leadership |
Nelson Fernandez | Medical Director At Gulfquest | Leadership |
Maryelle van Assendelft | Vice President Medical Management MA Division | Leadership |
Jose Alanis | Sr Reporting Analyst | Team |
Vilasinee Rintharamy | Print Manager | Team |
Deborah Tesar | Health Services, Manager | Team |
Carol Dulski | Medicare Advantage Sales | Team |
James Walker | Manager, Network Services | Team |
Kimberly Peacock | RN Clinical Manager - Accountable Care Coalition Of Georgia | Team |
Judith Clifton | Senior Marketing Representative | Team |
Dwayne Merriweather | Branch Sales Manager | Team |
Sarah Baker | Marketing Project Manager | Team |
Steve Woodcock | It, Solutions Architect | Team |
22 more people are available in the full profile.
Complete people profiles for Universal American
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Universal American
Universal American has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include APS Healthcare, Heritage Health Systems and MemberHealth.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer of coated stainless steel process exhaust duct systems | apshealthcare.com | White Plains, United States | 1991 | Jan 2012 | $227.5M | |
Chain of drug stores | mhrx.com | Solon, United States | 1998 | Aug 2007 | $630M | |
Cooker hoods and hobs are manufactured and distributed internationally. | hhsi.com | Houston, United States | 1995 | Mar 2004 | $98M |
Complete acquisition details for Universal American
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- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Universal American
8 dated milestones of Universal American across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Universal American is founded.
- Funding First funding round.
- Acquisition Acquires Heritage Health Systems.
- Acquisition Acquires MemberHealth.
- Acquisition Acquires APS Healthcare.
- Funding Latest funding round, Post-IPO, of $18.0M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by WellCare Health Plans.
Competitors of Universal American
Universal American has 3 listed competitors in our database. They include UnitedHealth Group, Kaiser Permanente and United Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unitedhealthgroup.com | 1977 | Minneapolis, United States | 198,787 | Provider of comprehensive array of products and services ranging from insurance consulting to benifits management | ||
| kaiserpermanente.org | 1945 | United States | 104,560 | Integrated healthcare services and coverage are provided nationwide. | ||
| uhc.com | 1977 | Atlanta, United States | Insurance provider |
Detailed competitors of Universal American
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Universal American
Websites that share an audience with Universal American (universalamerican.com).
Websites whose visitors overlap most with Universal American. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
powerflexweb.com | powerflexweb.com | 100% | #5,964,735 | – | |
uafc.com | uafc.com | 97% | – | ||
| atriohp.com | 95% | 28.4K | #1,122,786 | View details | |
en.wikipedia.org | en.wikipedia.org | 39% | – | ||
universal-american-medicare.com | universal-american-medicare.com | 39% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Universal American
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Universal American (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Frequently Asked Questions about Universal American
Universal American was founded in 1992 and raised its 1st funding round 2 years after it was founded.
Universal American is headquartered in White Plains, United States. It is registered at White Plains, New York, United States.
Kenneth Burdick is the CEO of Universal American, as recorded in our data.
Universal American has 1,006 employees.
Annual revenue of Universal American is $1.38B as on Dec 31, 2016.
Universal American was established in 1992 as a provider in the health insurance sector. Operations are based in White Plains, United States, where various insurance products and services are delivered to policyholders. Coverage options are extended to individuals and groups, with administrative functions handled domestically. Leadership is directed by CEO Kenneth Burdick, ensuring compliance with industry standards.
Universal American's top competitors include Kaiser Permanente, UnitedHealth Group and United Healthcare.
Universal American has made 3 acquisitions, including APS Healthcare, Heritage Health Systems, and MemberHealth.
Universal American has 6 investors. Key investors include WellCare Health Plans, Welsh, Carson, Anderson & Stowe, Foresite Capital, Lee Equity, and Union Square Ventures.
Universal American operates through Universal American Corp..
Yes. Universal American was acquired by WellCare Health Plans in November 2016.