Healthcare Business News

WellPoint completes CareMore acquisition

By Gregg Blesch
Posted: August 22, 2011 - 1:30 pm ET

WellPoint, Indianapolis, has completed its acquisition of CareMore Health Group, a Cerritos, Calif.-based company that offers Medicare Advantage plans and operates 26 clinics in Arizona, California and Nevada.

The publicly traded Blues insurer said in a news release that it plans to replicate the model of CareMore across the country. About 54,000 enrolled Medicare beneficiaries are provided with access to physicians, nurse practitioners, medical assistants, podiatrists, psychologists and case managers at CareMore's neighborhood care centers.

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“This means we can now focus on the most exciting part of the acquisition, which is expanding CareMore's proven system of providing Medicare recipients with high-quality, personalized care that improves their lives and well-being,” WellPoint Chairwoman, President and CEO Angela Braly said in a news release.

Terms of the deal, which was announced in June, were not disclosed.

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