California’s MemorialCare To Acquire Medi-Cal Membership From Universal Care

Circle Connections: Mergers & Acquisitions As reported in Long Beach Business Journal December 4, 2012, MemorialCare Health System in Southern California is applying to become a state-licensed health insurer under its newly formed Seaside Health Plan after recently reaching a deal to acquire the Medi-Cal membership and health plan operations of Long Beach-based Universal Care. Barry Arbuckle, president and CEO of MemorialCare, told the Business Journal that the health system had been contemplating pursuing a health plan license for several years as a way to work more effectively with the growing Medi-Cal population as they move . . .