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WCG > SEC Filings for WCG > Form 8-K on 30-Oct-2012All Recent SEC Filings

Show all filings for WELLCARE HEALTH PLANS, INC.

Form 8-K for WELLCARE HEALTH PLANS, INC.


30-Oct-2012

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events

On October 30, 2012, WellCare Health Plans, Inc. ("WellCare") announced that WellCare Health Plans of Arizona, Inc., doing business as 'Ohana Health Plan, a subsidiary of WellCare ("'Ohana"), has been selected to case manage, authorize and facilitate the delivery of behavioral health services to Medicaid-eligible adults who have serious mental illnesses, and are participants in Hawaii's QUEST Expanded Access health program. 'Ohana will provide these services on a statewide basis. The Hawaii Department of Human Services, Med-QUEST Division, anticipates that services will start in early 2013. The contract term is expected to run through June 6, 2015, and to include a possible extension until June 30, 2018.

A copy of the press release announcing the selection is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Cautionary Statement Regarding Forward-Looking Statements

This Form 8-K and the press release included as Exhibit 99.1 contain "forward-looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. For example, statements regarding the anticipated start date of the program and the anticipated contract term are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause WellCare's actual future results to differ materially from those projected or contemplated in the forward-looking statements. These risks and uncertainties include, but are not limited to, WellCare's ability to effectively manage growth, WellCare's ability to build and maintain cost-effective contracts with providers, and WellCare's progress on top priorities such as improving health care quality and access, ensuring a competitive cost position, and delivering prudent, profitable growth.

Additional information concerning these and other important risks and uncertainties can be found under the captions "Forward-Looking Statements" and "Risk Factors" in WellCare's Annual Report on Form 10-K for the year ended December 31, 2011, and in WellCare's Quarterly Report on Form 10-Q for the period ended June 30, 2012 and other subsequent filings by WellCare with the U.S. Securities and Exchange Commission, which contain discussions of WellCare's business and the various factors that may affect it. WellCare undertakes no duty to update these forward-looking statements to reflect any future events, developments, or otherwise.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

The following exhibits are filed as part of this report:

99.1 Press release dated October 30, 2012


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