Los Angeles Carrier To Acquire Smaller Plan

Health Net Inc. has agreed to buy the health plan assets of Universal Care Inc. for a price that was not disclosed.

Health Net, Los Angeles, provides health coverage for 700,000 Medicaid and family health program members in California and a total of 6.4 million people throughout the United States.

Universal Care, Long Beach, Calif., provides health care and also runs a health plan that provides health coverage for 5,000 Medicare beneficiaries, 40,000 members of Medicaid and family health programs, and 75,000 commercial health plan members.