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WellCare's Stock Plunges

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The Tampa Tribune

Published: November 14, 2008

Stock in Tampa's WellCare Health Plans Inc. lost two-thirds of its value after disclosing that it hired Goldman Sachs Group Inc. to help raise capital needed to pay off debts due in May 2009, and would restate earnings.

Stock in the company closed at $9.10, down $10.77 a share. Presently, WellCare faces criminal probes into how it manages medical insurance programs for states.

Richard Mullins

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WellCare's Stock Plunges

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WellCare's Stock Plunges

The Tampa Tribune