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WellCare to Acquire Assets of Advicare Corp. in South Carolina

WellCare to Acquire Assets of Advicare Corp. in South Carolina

Company Release – 2/23/2016 8:30 AM ET
COLUMBIA, S.C. and TAMPA, Fla., Feb. 23, 2016 /PRNewswire/ — WellCare Health Plans, Inc. (NYSE: WCG) announced today that it has entered into an agreement to acquire certain assets of Advicare Corp., a managed care organization that provides Medicaid benefits in South Carolina. As of Feb. 1, 2016, Advicare serves approximately 32,500 Medicaid members in the state. WellCare’s acquisition is expected to close in the second quarter of 2016, pending regulatory approvals and satisfaction of normal closing conditions.

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