Jefferies Raises Price Target on WellCare Health Plans (WCG) to $105 Following 2Q

WellCare, Derrick Brooks Charities, Inc. and the City of Tampa's Parks & Recreation Department Host Professional Development Training for Tampa-Area Teens

TAMPA, Fla., Aug. 2, 2016 /PRNewswire/ -- Sixteen Tampa-area teens will go back to school this month with valuable professional development training thanks to three local organizations. WellCare Health Plans, Inc., (NYSE: WCG), in collaboration with Derrick Brooks Charities, Inc. and the City of Tampa's Parks & Recreation Department, hosted a five-week "Youth Professional Development and Training Program" in an effort to better prepare area teens for successful careers in school and in the... More

WellCare of Florida COO Elizabeth Miller Appointed to Florida Telehealth Advisory Council

TAMPA, Fla., Aug. 2, 2016 /PRNewswire/ -- WellCare of Florida, a subsidiary of WellCare Health Plans, Inc. (NYSE: WCG), announced today that its chief operating officer, Elizabeth Miller, has been appointed to the state's newly created Telehealth Advisory Council. The council is tasked with examining the types of telehealth services that are available in the state and developing recommendations for how to increase access to telehealth services for all... More

WellCare Reports Second Quarter 2016 Results

TAMPA, Fla., Aug. 2, 2016 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) today reported results for the quarter ended June 30, 2016. As determined under generally accepted accounting principles (GAAP), net income for the second quarter of 2016 was $90.8 million, or $2.04 per diluted share. Adjusted net income for the second quarter of 2016 was $99.5 million, or $2.23 per diluted share.

"WellCare's strong second quarter results reflect our continued focus on business fundamentals and demonstrates the progress we are making toward achieving our multi-year margin improvement and growth goals," said Kenneth A. Burdick, WellCare's chief executive... More

Harmony Health Plan of Illinois Names Dr. Traci Powell Behavioral Health Medical Director

CHICAGO and TAMPA, Fla., Aug. 1, 2016 /PRNewswire/ -- Harmony Health Plan, Inc., a subsidiary of WellCare Health Plans, Inc. (NYSE: WCG), announced today it has named Traci Powell, M.D., FAPA, as behavioral health medical director.

In this newly created position, Dr. Powell will provide clinical behavioral health leadership and oversee the integration of behavioral health into all areas of the... More