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Medical Mutual Completes Carolina Care Deal

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Regulators have given final approval to efforts by a Midwestern health insurer to scoop up a Southeastern health insurer.

Medical Mutual of Ohio, Cleveland, says it also has approval from the shareholders of Carolina Care Plan Inc., Columbia, S.C., to complete previously announced efforts to acquire Carolina Care.

The price of the deal was not disclosed, but Medical Mutual says Carolina Care, a health maintenance organization plan that covers about 70,000 people, will continue to be based in Columbia and operate under the same name.

Carolina Care will continue to offer its current line of health insurance products and may add more in the future, Medical Mutual says.