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.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.