Preferred Care has roughly 50,000 MA members and 5,000 Medicaid members. Medica has roughly 35,000 MA beneficiaries and 7,200 Medicaid beneficiaries.
Terms of the deals were not announced. The acquisitions will be two separate transactions and are expected to close later this year, pending regulatory approval.
Earlier this month, UnitedHealthcare finalized its acquisition of XLHealth Corp., another Medicare Advantage company.
More Articles on Payor Transactions:
Cigna Completes HealthSpring Acquisition
WellPoint CFO: Health Insurance Industry Deals to Pick Up
UnitedHealthcare Finalizes XLHealth Acquisition
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