WellCare Health Plans, Inc. (NYSE:WCG) entered into an agreement to acquire select assets of Desert Canyon Community Care Medicare Advantage plans in Arizona from Arcadian Health Plan, Inc. on July 18, 2012. The plans to be acquired are part of a previously announced government-stipulated divestiture for Humana Inc. to complete its acquisition of Arcadian Management Services, Inc. Desert Canyon members in Mohave and Yavapai Counties will become WellCare of Arizona members on January 1, 2013. The transaction is subject to regulatory approvals and expected to close on December 31, 2012. The acquisition is expected to be accretive to WellCare Health Plans, Inc.'s net income. Jason Simon and Tricia Asaro of Greenberg Traurig, LLP acted as legal advisors to WellCare Health Plans.

WellCare Health Plans, Inc. (NYSE:WCG) completed the acquisition of select assets of Desert Canyon Community Care Medicare Advantage plans in Arizona from Arcadian Health Plan, Inc. on January 3, 2013.