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State regulators approve Blue Shield’s bid to buy Care1st
Sacramento Business Journal

The state managed-care regulator has approved Blue Shield of California’s plan to buy a for-profit Medi-Cal HMO in Southern California. The $1.2 billion deal to buy Care1st Health Plan closed Thursday. The Monterey Park-based plan serves more than 524,000 enrollees, most of them in the Medi-Cal program. The company has a small presence in Arizona and Texas.

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