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WellCare Health Plans (WCG -13%) slides after its Q3 results missed on the bottom line this...

WellCare Health Plans (WCG -13%) slides after its Q3 results missed on the bottom line this morning. Net profit fell 57% Y/Y on weak results from its Georgia and Kentucky Medicaid programs. The company also lowered its full-year earnings estimate on the weak Kentucky results, now expecting to earn between $4.90 and $5.05 per share. Separately, it also announced plans to acquire UnitedHealthCare Group's (UNH -0.4%) South Carolina Medicaid business for an undisclosed amount.
Comments (2)
  • The UNH divi has really been jumping since 2010.

     

    Is anybody paying attention to that?
    31 Oct 2012, 12:06 PM Reply Like
  • interesting WellCare is acquiring UNH South Carolina Medicaid business makes me wonder if SC State Medicaid system is a challenge..
    31 Oct 2012, 03:47 PM Reply Like
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