Acquisition Goes Well For WellCare

WellCare Health Plans Inc (Tampa, FL) acquired Advicare Corp (Greenville, SC), a Medicaid managed-care company. It is WellCare’s first acquisition in almost two years. The deal, which is expected to close in Q2 2016, will add 32,500 SC Medicaid beneficiaries, giving WellCare more than 92,000 Medicaid members in the state. Financial terms of the acquisition were not disclosed.

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