September 27, 2019

FaegreBD Advises Anthem in Acquisition of WellCare’s Missouri and Nebraska Medicaid Plans

Faegre Baker Daniels is advising Anthem in the company’s acquisition of WellCare’s Missouri and Nebraska Medicaid plans, an outgrowth of the pending Centene-WellCare transaction.

The transaction is subject to receipt of federal antitrust clearance and state regulatory approvals, as well as the closing of the Centene-WellCare transaction, which is expected to close by the end of the first half of 2020. The value of the deal is confidential.

Anthem is a leading benefits company dedicated to improving lives and communities, in addition to making healthcare simpler. The company serves over 78 million people, including over 40 million within its family of health plans.

WellCare focuses primarily on providing government-sponsored managed care services to people of all ages, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans. The company also serves individuals in the Health Insurance Marketplace. As of June 30, 2019, WellCare was listed as serving approximately 6.3 million members nationwide.

Medicaid provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, elderly adults and people with disabilities. Medicaid is administered by states and according to federal requirements. The program is jointly funded by both state and federal governments.

The FaegreBD deal team includes: Jared Danilson, Jon Nygren, Jason Kimpel, Griffin Foster, Kathy Noecker, Mike MacLean, Doriann Cain, Amy Strati, Jessica Barth, Danny Lewallen, and Adam Hertzke.

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