What You Ought to Know:
– Anthem, Inc. has entered into an settlement with InnovaCare Well being, L.P., to amass its Puerto Rico-based subsidiaries, together with MMM Holdings, LLC (“MMM”) and its Medicare Benefit (MA) plan MMM Healthcare, LLC in addition to affiliated corporations and Medicaid plan.
– MMM is Puerto Rico’s largest MA plan and one of many fastest-growing vertically built-in healthcare organizations in the USA.
– With greater than 267,000 MA members and over 305,000 Medicaid members, MMM represents the ninth-largest MA plan within the nation and second-largest Medicaid plan on the island of Puerto Rico.
– Monetary phrases of the transaction weren’t disclosed and the acquisition is anticipated to shut by the second quarter of 2021.