Healthcare DIVE August 25, 2021
Dive Brief:
- GuideWell, the parent company of Blue Cross and Blue Shield of Florida, is set to acquire Triple S Management, the Blue Cross Blue Shield Plan and largest insurance carrier in Puerto Rico.
- The $900 million cash deal will add another company to GuideWell’s portfolio of health-focused subsidiaries. After the deal is complete, Triple S will become a wholly owned subsidiary of GuideWell and will continue to operate under the same brand name and management team, the two companies said Tuesday.
- The deal is expected to close in the first half of next year and is subject to regulatory approvals.
Dive Insight:
One aim of the deal is to provide a more competitive Medicare Advantage product in...
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