WellCare announced that the company and Meridian have entered into a definitive agreement, under which WellCare will acquire Meridian's health plans in Michigan, Illinois, Indiana and Ohio as well as its PBM, MeridianRx, for $2.5 billion. And adding Meridian's 2018 expected revenue of more than $4.3 billion to the midpoint of the company's 2018 GAAP revenue guidance of nearly $18.6 billion as of May 1, 2018 would bring the combined company revenue to approximately $23 billion. The company provided that expect accretion to the company's adjusted earnings per diluted share as a result of this transaction of $0.40 to $0.50 in 2019; $0.70 to $0.80 in 2020; and $1-plus in 2021, inclusive of $30 million to $40 million in synergies which ramp up over the next few years. Furthermore, the company expects to incur onetime transaction-related expenses of $75 million to $85 million, primarily financing related as well as cumulative integration expenses of $50 million to $60 million.