WellPoint (WLP) to Acquire CareMore
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WellPoint, Inc. (NYSE: WLP) reports that it has entered into an agreement to acquire CareMore.
Financial terms of the deal were not disclosed, though Streetinsider.com reported earlier that the deal may be valued at $800 million.
WellPoint expects the transaction to be neutral to earnings in 2012 and accretive in 2013 and beyond.
Closing is expected at the end of FY11.
CareMore is a senior focused health care delivery program that includes Medicare Advantage plans and clinics designed to deliver proactive, integrated, individualized health care in select California, Arizona and Nevada markets.
Financial terms of the deal were not disclosed, though Streetinsider.com reported earlier that the deal may be valued at $800 million.
WellPoint expects the transaction to be neutral to earnings in 2012 and accretive in 2013 and beyond.
Closing is expected at the end of FY11.
CareMore is a senior focused health care delivery program that includes Medicare Advantage plans and clinics designed to deliver proactive, integrated, individualized health care in select California, Arizona and Nevada markets.
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