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WellCare Ousts CEO Even Though Earnings Up

Tampa Tribune
/
WellCare

Tampa-based WellCare Health Plans, Inc. has replaced chief executive officer Alec Cunningham with chairman David Gallitano. 

Credit Tampa Tribune

“As the company continues to expand and grow, the board felt that it was necessary to identify a new experienced leader to help write the next chapter for WellCare,” the managed-care services company said in a news release. A national search for a new CEO is underway.Gallitanowill not be considered in the nationwide search, according to Jack Maurer,WellCare’svice president for corporate communications

Meanwhile, the company also released its results for the third quarter, which showed earnings increased 67 percent. The company attributes its higher revenues in part to increased revenue in its Medicaid and Medicare Advantage plans in Florida and other states.

That earnings report also mentioned the contracts the company expects to get in Florida in the switch to statewide managed care by Florida’s Agency for Health Care Administration.

WellCare serves about 2.8 million Medicare and Medicaid members nationwide.

--Health News Florida is part of WUSF Public Media. Contact Lottie Watts at 813-974-8705 (desk) or e-mail at lottiewatts@wusf.org. For more health news, visit  

Copyright 2013 WUSF Public Media - WUSF 89.7

Lottie Watts was our Florida Matters producer from 2012 to 2016. She also covers health and health policy for WUSF's Health News Florida .
Lottie Watts
Lottie Watts covers health and health policy for Health News Florida, now a part of WUSF Public Media. She also produces Florida Matters, WUSF's weekly public affairs show.
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