Health insurer expands portfolio with huge acquisition

Tampa-based WellCare buys Meridian in $2.5 billion deal.


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  • | 12:10 p.m. May 30, 2018
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WellCare CEO Ken Burdick. Courtesy photo.
WellCare CEO Ken Burdick. Courtesy photo.
  • Tampa Bay-Lakeland
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TAMPA — WellCare Health Plans Inc. has agreed to acquire Meridian, a privately held Midwest managed care provider, for $2.5 billion in cash, pending regulatory approval.

The deal will significantly deepen Tampa-based WellCare’s Medicaid and Medicare Advantage customer base in Michigan, Illinois, Ohio and Indiana. The transaction also includes MeridianRX, a pharmacy benefit manager.

 

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