Back to top

Image: Bigstock

WellCare Health Plans, Inc.

Read MoreHide Full Article

WellCare Health’s solid performance is driven by the Medicaid, Medicare Health Plans and Medicare Prescription Drug Plans segments. Strong organic growth and prudent acquisitions have been driving the premium revenues higher. The acquisition of Meridian Health Plans of Michigan and Illinois and MeridianRx will help the company be the top-most Medicaid provider in those states. Healthy balance sheet continues to support its operational excellence. Following its strong quarterly results, the company lifted its guidance for 2018. Its shares have outperformed the industry year to date and the company’s solid fundamentals are likely to provide further support. However, its rising level of debt hurts the bottom line. A continuous increase in total expenses also weighs on its margins.

Published in