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Talk of the bay: Top execs may lose jobs amid WellCare probe
By Times Staff
Published January 24, 2008
The Wall Street Journal, citing unnamed sources, reported Wednesday that the board of Tampa's WellCare Health Plans Inc. is negotiating the departure of the company's three top executives -including chairman and chief executive Todd Farha - amid an investigation into fraud allegations at the managed-care provider. Details may be made public today. Discussions with Farha, chief financial officer Paul Behrens and general counsel Thaddeus Bereday come three months after more than 200 federal and state agents raided the company's Tampa headquarters. WellCare runs Medicare and Medicaid managed-care plans covering 2.3-million people. A WellCare spokeswoman declined to comment or make the executives available. Trio pool assets for cancer cause Tampa's Moffitt Cancer Center is partnering with the University of Florida and Shands HealthCare in Gainesville to improve cancer care and research at the three institutions. The agreement includes extending Moffitt's Total Cancer Care model to Shands' patients, who will be asked to contribute clinical information and tissue to Moffitt's growing database from 15 hospitals. The information will be used by participating doctors and researchers to tailor therapies to patients' genetic profiles. Moffitt also wants to integrate its "comprehensive cancer center" designation from the National Cancer Institute with UF and Shands, leading to more NCI grants. Dr. William S. Dalton, Moffitt's president and chief executive, said the new alliance will only enhance his group's long-standing relationship with the University of South Florida. "As far as I'm concerned, the family just got bigger," he said. Old boss gets nod in Progress forecast Andy Hines may be long gone from the position of chief of Florida Power - now known as Progress Energy Florida - but his name endures. In fact, the power company uttered his name Wednesday to give shareholders a preview of its expected 2008 earnings: about $3.05 per share. The company said it will increase its base electricity rates this year thanks to the addition of its "Hines 4" power plant in Polk County. In fact, the whole complex is Andy's; it's known as the Hines Energy Complex.
[Last modified January 23, 2008, 23:14:53]
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