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Tampa, Fla., Operator of HMOs for Medicare Programs Plans Stock Offering.

By Guy Boulton, Tampa Tribune, Fla. Knight Ridder/Tribune Business News

Feb. 14--TAMPA, Fla. -- WellCare Group Inc., which operates health maintenance organizations for Medicaid and Medicare programs, plans to raise $100 million in a public stock offering, according to a filing with the Securities and Exchange Commission on Friday.

WellCare, based in Tampa, operates the two largest Medicaid managed care plans in Florida as well as health plans in New York and Connecticut. More than 555,000 people are enrolled in the company's plans.

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