GuideWell Finalizes Acquisition of Triple-S to Drive Health Care Affordability and Improve Health Outcomes in Florida and Puerto RicoPosted on January 31, 2022 -
Leverages Blue Cross and Blue Shield Plans’ Complementary Strengths and Shared Commitment to Help People and Communities Achieve Better Health and to Lead in Healthcare Transformation
Accelerates the Launch of Best-in-Class Culturally Relevant Offerings in Florida and Puerto Rico and Enhances Affordability
GuideWell commits $1.25 million in donations to Hispanic nonprofits in Orlando and Puerto Rico
JACKSONVILLE, Fla. and SAN JUAN, Puerto Rico – Feb. 1, 2022 - GuideWell Mutual Holding Corporation (“GuideWell”), parent of Blue Cross and Blue Shield of Florida, Inc. (“Florida Blue”), has closed on its acquisition of Triple-S Management Corporation (NYSE: GTS) (“Triple-S”), a leading health care services company in Puerto Rico, the companies announced today. GuideWell acquired all outstanding shares of Triple-S Management common stock for $36.00 per share in cash.