NU Online News Service, Feb. 16, 2005, 7:06 p.m. EST

A large Louisville, Ky., health carrier has completed previously announced plans to acquire another Southeastern carrier.[@@]

The Kentucky carrier, Humana Inc., has closed on a $408 million deal for CarePlus Plans Inc., Coral Gables, Fla.

CarePlus has about 50,000 Medicare managed care plan members in Broward, Dade and Palm Beach counties in Florida.

The deal also includes a CarePlus pharmacy benefits affiliate.

Before Humana completed the deal, it had about 131,000 Medicare plan members in South Florida.