WellCare Health Plans will acquire Universal American in a deal valued at $800 million, bolstering the company’s investment in Medicare Advantage and accountable care organizations.
WellCare will pay $10 per share in the all-cash deal for Universal American, equating to about $620 million based on the company’s latest number of outstanding shares. After factoring in Universal American’s debt and retirement of preferred shares, the deal is worth about $800 million.
