Health insurer acquired by larger rival in $17.3B deal

Centene Corp. buys Tampa-based WellCare Health Plans Inc.

  • By Business Observer Staff
  • | 11:04 a.m. March 27, 2019
  • | 0 Free Articles Remaining!
WellCare CEO Ken Burdick. Courtesy photo.
WellCare CEO Ken Burdick. Courtesy photo.
  • Tampa Bay-Lakeland
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TAMPA — Centene Corp. has agreed to acquire WellCare Health Plans Inc. in a cash-and-stock transaction valued at $17.3 billion.

According to a news release, the boards of both companies have unanimously approved the transaction.

 

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