Triple-S Management, a healthcare services company in Puerto Rico, said its shareholders voted in favor of the merger with GuideWell Mutual Holding, a health solutions company and parent of Blue Cross and Blue Shield of Florida.
The merger agreement was approved and adopted by approximately 72% of the issued and outstanding shares of Triple-S common stock.
The transaction is expected to close by the end of the second quarter of 2022, subject to the approval of the Office of the Commissioner of Insurance of Puerto Rico. Upon completion, Triple-S will become a wholly owned subsidiary of GuideWell and will continue to operate under the Triple-S brand. Read more.
