Pat Geraghty will step down as CEO of GuideWell and Florida Blue at the end of the year, retiring after leading the company for nearly 15 years.
The nonprofit customer-owned Guidewell, which houses insurers Florida Blue and Triple-S Management, is working with executive recruitment firm Russell Reynolds Associates to find a successor, GuideWell said Monday.
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Geraghty came to the company from Blue Cross Blue Shield of Minnesota, where he served as president and CEO. He and Guidewell's board have been working to develop a transition plan for his retirement for several years, a spokesperson said.
During Geraghty’s tenure, GuideWell quadrupled its revenue, to $32 billion in 2024, from $8 billion in 2011, according to a news release. The company expanded its care delivery portfolio to include 100 medical clinics in Florida, home care provider Emcara Health and third-party administrative firm WebTPA, among others. In 2022, Guidewell paid $900 million to acquire Triple-S Management, a health insurer in Puerto Rico.
GuideWell covers more than 38 million Medicaid, Medicare and commercial members nationwide. It employs more than 18,000 workers.
