WellCare Health Plans, Inc’s WCG wholly owned subsidiary, Wellcare of North Carolina recently has inked a deal with Mission Health. The agreement is aimed at providing better Medicaid and Medicare services in North Carolina.
WellCare Health has always been keen on improving its offerings and serving patients better through several organic and inorganic growth strategies. These moves are likely to be appreciated by investors. In the last one year, shares of the company have gained 49% compared with the industry’s rally of 41%.
Mission Health consists of six hospitals, numerous outpatient and surgery centers, post-acute care provider, CarePartners and long-term acute care provider, Asheville Specialty Hospital. As of Jun 30, 2017, WellCare Health served nearly 33,000 Medicare prescription drug plan members in North Carolina. Hence the collaboration is likely to result in a wide and vast health care system that would better serve the people in North Carolina.
In addition, Mission Health is one of the leading dedicated Level II trauma center in North Carolina. The alliance is likely to help Mission Health in providing WellCare Health’s members healthier lives.
Since both the organizations recognize and appreciate a collaborative and fair agreement, this deal is likely to benefit both the parties. Mission Health is expected to continue providing the highest level of services to the communities WellCare Health serves.
Zacks Rank and Key Picks
WellCare Health currently holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors interested in this space can also consider stocks like Aetna, Inc AET, Anthem, Inc. ANTM and Amedisys Inc AMED. All the three stocks carry a Zacks Rank #2.
Aetna’s earnings surpassed expectations in each of the last four quarters with an average beat of nearly 19%.
Anthem delivered positive surprises in three of the last four quarters with an average beat of 8.6%.
Amedisys delivered positive surprises in three of the last four quarters with an average beat of 7.2%
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