News Headlines Article

WellPoint to Buy CareMore
Health Leaders Media

WellPoint, Inc. announced Wednesday that it will buy CareMore, a privately held company that operates Medicare Advantage plans and senior healthcare clinics in three western states.

Financial terms of the deal were not disclosed. However, The New York Times cited analysts who put the purchase price at around $800 million.

“The Medicare market is particularly significant for WellPoint’s growth strategy,” Angela F. Braly, chair/president/CEO of WellPoint, said in a media release.