MD Care covers roughly 15,000 people in California and had 2010 revenues of $155 million.
Terms of the deal were not disclosed. The transaction, which still must go through regulatory approvals, is expected to close in late 2011.
At the end of August, Humana announced its acquisition of Arcadian Management Services, a Medicare Advantage HMO that covers roughly 64,000 people.
Related Articles on Medicare Advantage:
Medicare Advantage Premiums to Dip, Enrollment to Increase in 2012
Report: Private Medicare Plans Continue to Grow Despite Cuts, Frozen Rates
WellPoint Acquires Medicare Advantage Plan Provider
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