GuideWell Mutual Holding, a health solutions company and parent of Blue Cross and Blue Shield of Florida, and Triple-S Management, a health care services company in Puerto Rico, announced they will combine to serve Florida and Puerto Rico.
Under the terms, GuideWell will acquire all the outstanding shares of Triple-S stock for $36 per share in cash, representing a premium of approximately 49% to Triple-S Management’s 90-day volume-weighted average trading price. The transaction equity value is approximately $900 million. Upon completion of the deal, Triple-S will become a subsidiary of GuideWell and will continue to operate under the Triple-S brand. Read more.
