Mergers & Acquisitions

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Deal Overview

Buyer:
Triple-S Management Corporation
Target:
Managed care assets of La Cruz Azul de Puerto Rico Inc.
Seller:
Independence Blue Cross
Deal Type:
Insurance Company Asset
Insurance Sector
Managed Care
Agreement Date:
5/1/2009
Announcement Date:
12/4/2008
Announced Deal Value ($ M):
10.50
Status:
Completed
Completion Date:
7/1/2009

Consideration Breakout
Cash ($M) 9.8

Deal Terms
Description of Consideration

Triple-S Management Corp. unit Triple-S Salud Inc. paid $9.8 million in cash to acquire certain managed care assets of La Cruz Azul de Puerto Rico Inc.

Percent Acquired (%) NA
Accounting Method Acquisition
Merger of Equals? No
Geographic Expansion? NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Pietrantoni Mendez & Alvarez
Seller No NA