Florida Blue Parent Company, GuideWell, To Acquire Puerto Rico-Based Triple-S Management

GuideWell, the parent company of Florida Blue, plans to acquire Triple-S Management, a health care services company in Puerto Rico. The transaction, expected to close in the first half of 2022, is valued at about $900 million. After the transaction closes, Triple-S Management will become a wholly owned subsidiary of GuideWell and will continue to operate under the Triple-S Management brand led by the current management team.

Triple-S Management serves more than 1 million consumers in Puerto Rico, with a strong position in Medicare Advantage, a leading position in Puerto Rico Medicaid and commercial segments. It . . .