Humana, Louisville, Ky., continues to expand west with the acquisition of MD Care with its 15,000 Medicare Advantage HMO members in Southern California.
Humana to acquire Calif. Advantage plan
Financial terms weren’t released. The signed agreement is subject to federal and state approval and is expected to close later this year.
MD Care, established in 2007, generated $155 million in revenue in 2010. Based in Signal Hill, Calif., MD Care serves four Southern California counties: Los Angeles County, Orange County, Riverside County and San Bernardino County. Humana counts 4.3 million Medicare members in America, including more than 200,000 in California.
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