About WellCare Health Plans
WellCare Health Plans is a company based in Tampa (United States) founded in 1985 was acquired by Centene in March 2019.. WellCare Health Plans has completed 6 acquisitions, including Advance Insurance, Care1st Health Plan Arizona and Meridian Health Plan. WellCare Health Plans offers products and services including Medicare Advantage Plans, PPO Plans, HMO Plans, and Prescription Drug Plans. WellCare Health Plans operates in a competitive market with competitors including UnitedHealth Group, Kaiser Permanente, United Healthcare, Humana and Aetna, among others.
- Headquarter Tampa, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Wellcare Health Plans, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Advance Insurance
& 5 more
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Acquired by
Centene
(Mar 27, 2019)
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Products & Services of WellCare Health Plans
WellCare Health Plans offers a comprehensive portfolio of products and services, including Medicare Advantage Plans, PPO Plans, HMO Plans, and Prescription Drug Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides comprehensive health coverage for eligible seniors.
Offers flexible provider networks for Medicare members.
Delivers cost-effective health services through specific networks.
Covers medication costs for enrolled individuals.
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Software Development Team
223 people
Leadership Team
139 people
Data Analysis and Operations Team
73 people
Operations Team
64 people
Product Management Team
60 people
Senior Team
59 people
Finance and Accounting
51 people
Human Resources and Administration
41 people
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Funding Insights of WellCare Health Plans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WellCare Health Plans
WellCare Health Plans has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Centene. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Contracting, Network Development, Managed Care and Health insurance solutions company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WellCare Health Plans
WellCare Health Plans has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Advance Insurance, Care1st Health Plan Arizona and Meridian Health Plan. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of government-sponsored managed care services to families, children, seniors, and individuals
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2016 | ||||
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Pharmacy benefit management services are administered for clients nationwide.
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2010 | ||||
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Provider of healthcare insurance services
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WellCare Health Plans
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellcare Health Plans Comparisons
Competitors of WellCare Health Plans
WellCare Health Plans operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UnitedHealth Group, Kaiser Permanente, United Healthcare, Humana and Aetna, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of comprehensive array of products and services ranging from insurance consulting to benifits management
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| domain | founded_year | HQ Location |
Integrated healthcare services and coverage are provided nationwide.
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| domain | founded_year | HQ Location |
Insurance provider
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| domain | founded_year | HQ Location |
Provider of health insurance services
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| domain | founded_year | HQ Location |
Health insurance plans are provided by Aetna for diverse needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellcare Health Plans
Frequently Asked Questions about WellCare Health Plans
When was WellCare Health Plans founded?
WellCare Health Plans was founded in 1985.
Where is WellCare Health Plans located?
WellCare Health Plans is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
What does WellCare Health Plans do?
WellCare Health Plans is a managed care company providing government-sponsored health care coverage, primarily through Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs. The company claims that it served approximately 3.8 million members nationwide as of December 15, 2015. Its brands include Staywell, Staywell Kids, Ohana health plan, Exactus pharmacy, Missouricare, Harmony and Easy choice health plans. Its PDP plans offer national in-network prescription drug coverage with 72,000 pharmacies, including a preferred pharmacy network. Went Public on Jul 1, 2004. In 2018, the company recorded annual revenues of 20.4B, and a net profit of 440M.
Who are the top competitors of WellCare Health Plans?
WellCare Health Plans's top competitors include Kaiser Permanente, UnitedHealth Group and United Healthcare.
What products or services does WellCare Health Plans offer?
WellCare Health Plans offers Medicare Advantage Plans, PPO Plans, HMO Plans, and Prescription Drug Plans.
How many acquisitions has WellCare Health Plans made?
WellCare Health Plans has made 6 acquisitions, including Advance Insurance, Care1st Health Plan Arizona, and Meridian Health Plan.
Who are WellCare Health Plans's investors?
WellCare Health Plans has 1 investor. Key investors include Centene.
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