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Profile - WellCare Management Group (OTC BB:WELL.OB)
As of 31-Aug-2001
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Location
280 Broadway, 3rd Floor
Newburgh, NY 12550
Phone: (845) 338-4100
Fax: (845) 569-2595
Email: webmaster@wellcare.com
Employees (last reported count): 236
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Accident & Health)
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 52%
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
WellCare Management Group, Inc. is a healthcare management company whose wholly owned subsidiaries, WellCare of New York, Inc. (WCNY) and FirstChoice HealthPlans of Connecticut, Inc., are health maintenance organizations (HMOs). The Company's primary focus is to strengthen and grow its governmental business (Medicare, Medicaid and Child Health Plus products). WCNY and FirstChoice provide comprehensive healthcare services to their members for a fixed monthly premium, plus a co-payment as applicable, by the member to the physician for each office visit, and a dispensing fee or co-payment to the pharmacy for each prescription filled. The basic benefits consist of physician care, inpatient and outpatient hospital services, emergency and preventive healthcare, laboratory and radiology services, ambulance services, eye care, physical and rehabilitative therapy services, chiropractic services, mental healthcare and alcohol and substance abuse counseling.
More from Market Guide: Expanded Business Description

Financial Summary
WELL, a managed health care holding company, owns, operates and provides management services to health maintenance organizations. For the six months ended 6/30/01, total revenues increased 25% to $48.2 million. Net income rose 7% to $1.1 million. Revenues reflect an increase in premiums earned due to the acquisition of FirstChoice's Medicaid line of business. Net income was partially offset by an increase in expenses related to the acquisition.
More from Market Guide: Significant Developments

Officers

Position
Kiran Patel, M.D., 51Chairman, Pres, CEO, Sec.
Hitesh Adhia, 36CFO, Treasurer
Kenneth Rossman, 42CAO
Sandip Patel, 33Gen. Counsel
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:WELL.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-May-2001
$0.09 
Recent Price$0.14 
52-Week High
on 6-Oct-2000
$1.031
Beta2.16 
Daily Volume (3-month avg)2,000 
Daily Volume (10-day avg)2,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-81.3%
52-Week Change
relative to S&P500
-75.0%
Share-Related Items
Market Capitalization$5.47M
Shares Outstanding39.1M
Float18.6M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)-$0.17 
Earnings (ttm)-$0.12 
Earnings (mrq)$0.02 
Sales (ttm)$2.29 
Cash (mrq)$0.21 
Valuation Ratios
Price/BookN/A 
Price/EarningsN/A 
Price/Sales (ttm)0.06 
Income Statements
Sales (ttm)$88.9M
EBITDA (ttm)-$3.84M
Income available to common (ttm)-$4.48M
Profitability
Profit Margin (ttm)-5.0%
Operating Margin (ttm)-5.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-25.89%
Return on EquityN/A 
Financial Strength
Current Ratio (mrq)0.62 
Debt/EquityN/A 
Total Cash (mrq)$8.22M
Short Interest
As of 8-Oct-1998
Shares Short0 
Shares Short
(Prior Month)
21.0K
Daily Volume0 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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