March 5, 2018 – WellCare Health Plans, Inc. announced today it has committed to keeping its headquarters in Tampa through 2030 by renewing the lease for its corporate campus at 8725 Henderson Road and three satellite offices in Tampa.
Located off the cross section of Waters Avenue and Henderson Road, WellCare’s 380,000-square-foot campus sits on 71 acres and is made up of five office buildings, a cafeteria, a fitness center, walking trails, basketball courts, tennis courts and offers covered parking and walkways, which are connected by scenic wildlife preserves.
“We’re incredibly fortunate to have our corporate headquarters in Tampa,” said WellCare CEO Kenneth A. Burdick. “The Tampa Bay area is a business-friendly environment. It’s a place where people from all over the country want to live, work and play and has helped us as we continue to grow as a company and recruit and retain top talent.”
WellCare, which was founded by a group of Tampa physicians in 1985, has had a presence in the city for more than 30 years. The company went public and moved to its current corporate headquarters in 2004 when it employed approximately 1,500 associates.
Today, WellCare offers government-sponsored managed care services, including Medicaid, Medicare Advantage and Medicare Prescription Drug Plans (PDPs) across all 50 U.S. states. It is the largest public company in Tampa and has an annual economic impact of $7.3 billion in the state. Recently named a “World’s Most Admired Company” by Fortunemagazine, WellCare employs 9,000 associates across the country—more than 4,500 of whom live and work in Tampa Bay. The company prides itself on its culture of service, particularly in the communities it serves, and reported a 2017 corporate volunteer rate of 75 percent—more than double the national average. In December 2017, WellCare served 4.4 million members and reported $17 billion in annual revenue.
“Our headquarters has enabled our company to grow both organically and through acquisitions,” said Burdick. “But while we continue to grow, our mission remains the same—to serve our members and help them lead better, healthier lives.”
As the company continues to grow, WellCare is expanding its Houston, Texas; Phoenix, Arizona; and Nashville, Tennessee, presence. WellCare leases a total of 810,000 square feet of rental space in Tampa. Cushman & Wakefield represented WellCare in the transaction, which is effective as of Jan. 23, 2018.