Deal propels WellCare into a benchmark stock index
WellCare Health Plans Inc. will join the S&P 500 Index next week.
The index is made up of 500 of the largest companies in the United States based on market capitalization, or the aggregate value of a company based on stock price and shares outstanding.
WellCare (NYSE: WCG), a Tampa managed care provider for government-sponsored health programs, has seen its mar ket cap soar to more than $15 billion in the last few months after unveiling the largest acquisition in the company’s history.
WellCare’s…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Margie Manning Source Type: news
More News: Biotechnology | Government | Health Management | Managed Care | Mergers and Aquisitions | USA Health