News Headlines Article

Blue Shield spends $1.25 billion on Care1st deal, records show
Los Angeles Times

Nonprofit insurer Blue Shield of California is spending $1.25 billion on its acquisition of Monterey Park health plan Care1st, records show.

Blue Shield had refused to disclose the purchase price when it announced the deal in December and then sought confidentiality from state regulators in late January. The California Department of Managed Health Care turned over Blue Shield’s filings late Monday in response to a public-records request from The Times.