WellPoint, one of the nation’s largest health insurers, announced on Wednesday that it had agreed to acquire privately held CareMore Heath Group, a senior health services provider.
The acquisition of Cerritos, Calif.-based CareMore will allow WellPoint to tap into a growing market for those seeking Medicare benefits, according to The Wall Street Journal. The deal bolsters WellPoint’s already expansive operations in Arizona, California, and Nevada, where it runs Medicare health plans subsidized by the federal government. WellPoint didn’t disclose terms of the deal, but The New York Times puts the transaction’s value at $800 million.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
