{"id":36736,"date":"2012-10-31T11:27:00","date_gmt":"2012-10-31T11:27:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wellcare-wcg-to-acquire-unitedhealthcares-medicaid-business\/36736\/"},"modified":"2012-10-31T11:27:00","modified_gmt":"2012-10-31T11:27:00","slug":"wellcare-wcg-to-acquire-unitedhealthcares-medicaid-business","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wellcare-wcg-to-acquire-unitedhealthcares-medicaid-business\/36736\/","title":{"rendered":"WellCare &#8211; WCG &#8211; To Acquire UnitedHealthcare\u2019s Medicaid Business"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=WCG\">NYSE: WCG<\/a>)<\/strong> announced that it has entered into an agreement to acquire UnitedHealthcare\u2019s Medicaid business in South Carolina from <strong>UnitedHealth Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=UNH\">NYSE: UNH<\/a>)<\/strong>. The transaction is subject to regulatory approvals, and WellCare anticipates that the transaction will close during the fourth quarter of 2012.<\/p>\n<p>As of October 2012, UnitedHealthcare\u2019s Medicaid business in South Carolina serves approximately 65,000 Medicaid members in 39 of the state\u2019s 46 counties, including the Columbia and Greenville metropolitan areas, through the South Carolina Healthy Connections Choices program. It has a network that includes more than 30 hospitals, 1,800 primary care physicians, and 2,000 specialists.<\/p>\n<p>\u201cThis acquisition offers us a promising growth opportunity in the attractive South Carolina government programs market, and is well-aligned with our multi-product strategy,\u201d said Alec Cunningham, WellCare\u2019s CEO. \u201cWe believe the state is making policy changes that should improve the Medicaid program for managed care plans, and offer the potential for increased membership.\u201d<\/p>\n<p><strong>About WellCare Health Plans, Inc. &#8211; WCG<\/strong><\/p>\n<p>WellCare Health Plans, Inc. (WCG) provides managed care services targeted to government-sponsored health care programs, focusing on Medicaid and Medicare. Headquartered in Tampa, Florida, WCG offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans. WCG serves approximately 2.6 million members nationwide as of September 30, 2012.<\/p>\n<p><strong>About UnitedHealth Group Incorporated &#8211; UNH<\/strong><\/p>\n<p>UnitedHealth Group Incorporated (UNH) is a diversified health and well-being company. The Company operates in four segments: UnitedHealthcare, which includes UnitedHealthcare Employer &amp; Individual, UnitedHealthcare Medicare &amp; Retirement and UnitedHealthcare Community &amp; State; OptumHealth; OptumInsight, and OptumRx. UnitedHealthcare serves the health benefits needs of individuals across life&#8217;s stages through three businesses. UnitedHealthcare Employer &amp; Individual serves individual consumers and employers. The health needs of seniors are served by UnitedHealthcare Medicare &amp; Retirement. UnitedHealthcare Community &amp; State serves the public health marketplace, offering states Medicaid solutions. Optum serves health system participants, including consumers, physicians, hospitals, governments and pharmaceutical companies, through its OptumHealth, OptumInsight and OptumRx businesses. In February 2012, the Company acquired XLHealth Corporation.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121102015137\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fwellcare-wcg-to-acquire-unitedhealthcares-medicaid-business%2F36736&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-kick-off-november-on-a-strong-note\/36841\">\nStocks Kick-Off November on a Strong Note<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-edge-lower-as-dollar-strengthens-silver-prices-gain\/36840\">\nGold Prices Edge Lower as Dollar Strengthens; Silver Prices Gain<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-headed-for-a-higher-finish-39\/36839\">\nStocks Headed for a Higher Finish<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-extend-gains-in-mid-day-trading-24\/36830\">\nStocks Extend Gains in Mid-Day Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/a-m-castle-co-cas-achieved-the-third-quarter-profit-levels-that-were-anticipated-despite-external-headwinds\/36818\">\nA. M. Castle &#038; Co. &#8211; CAS &#8211; Achieved the third quarter profit levels that were anticipated, despite external headwinds<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/dynavax-dvax-reports-third-quarter-2012-results\/36817\">\nDynavax &#8211; DVAX &#8211; Reports Third Quarter 2012 Results<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/exterran-holdings-exh-achieved-improved-financial-results-in-the-third-quarter-2012\/36816\">\nExterran Holdings &#8211; EXH &#8211; Achieved improved financial results in the third quarter 2012<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121102015137im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: WCG) announced that it has entered into an agreement to acquire UnitedHealthcare\u2019s Medicaid business in South Carolina from UnitedHealth [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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