WellCare, Tenet Have More Than Probes in Common

OKLAHOMA CITY -- WellCare (WCG Quote) is starting to resemble the beleaguered Tenet (THC Quote).

Both health care companies ranked as stock-market superstars until high-profile government raids killed their popularity. Moreover, both touted strong compliance programs that failed to protect them in the end.

Just as Tenet once did, WellCare relies on the same person to defend the company as it does to keep it in line. Thaddeus Bereday doubles as WellCare's general counsel and its chief compliance officer. ...