WellCare Acquires Medicaid Assets of Phoenix Health Plan in Arizona

We represented WellCare Health Plans, Inc. (NYSE: WCG) in its acquisition of Medicaid assets of Phoenix Health Plan (PHP) in Arizona. Financial terms of the transaction are not disclosed.

PHP is a wholly owned managed care subsidiary of Tenet Healthcare that provides health benefits primarily to Medicaid beneficiaries in Maricopa County, Arizona, the state’s largest geographic service area.

WellCare Health Plans, Inc. (NYSE: WCG) focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs.

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