Datapoint: GuideWell to Acquire Triple-S Management Corp.

August 28

GuideWell Mutual Holding Corporation, the parent company of Florida Blue and Capital Health Plan, Inc. last week revealed it has entered a $900 million deal to acquire Puerto Rico-based Triple-S Management Corp. With 980,255 members, Triple-S is the largest insurer in Puerto Rico, offering products across the spectrum of the health insurance market, notably group risk-based plans (243,168 members) and managed Medicaid (441,521 members). GuideWell’s subsidiaries currently enroll 3,742,698 members in Florida. The deal is expected to close in the first half of 2022, subject to regulatory approval.

Source: AIS’s Directory of Health Plans