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: Source Type: news