Kentucky-Based Humana To Acquire California’s MD Care
On Friday, the Louisville, Ky.-based health insurance company Humana said it reached a deal to acquire MD Care, a southern California HMO, for an undisclosed amount. MD Care was founded in 2007 and offers Medicare Advantage plans to about 15,000 beneficiaries. The deal, which requires regulatory approval, is expected to close late this year.
- "Humana To Buy MD Care for Undisclosed Sum" (AP/Bloomberg Businessweek, 9/23).
- "Humana Buys MD Care To Expand California Presence" (Basu, Reuters, 9/23).