Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Medicare Carrier Makes A Deal

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

HealthSpring Inc. has agreed to pay about $50 million in cash for America’s Health Choice Medical Plans Inc.

HealthSpring is a company that specializes in running Medicare managed care plans.

America’s Health Choice, Vero Beach, Fla., was founded in 2000 and now runs Medicare managed care plans with about 13,000 members in Florida’s Brevard, Broward, Indian River, Martin, Okeechobee, Palm Beach, and St. Lucie counties.

America’s Health Choice also owns 33 medical clinics, and HealthSpring has an option to buy the clinics by June 2007.

For now, America’s Health Choice will pay HealthSpring to manage the Florida Medicare managed care operations, and HealthSpring will buy health care services from the clinics, according to HealthSpring.

The companies hope to complete the deal by the end of the year.

The federal government has been talking about the possibility of imposing administrative sanctions on America’s Health Choice, but it recently lifted marketing and enrollment restrictions that were imposed in July 2005, according to HealthSpring.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.