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Article Excerpt
Unified Blue Cross Blue Shield Brand Strengthens Competitive Position in Puerto Rico and the U.S. Virgin Islands
SAN JUAN, Puerto Rico, July 1 /PRNewswire-FirstCall/ -- Triple-S Management Corporation today announced that Triple-S Salud, Inc., its managed care subsidiary, has completed the purchase and integration of certain managed care assets of La Cruz Azul de Puerto Rico, Inc. for approximately $10.5 million in cash. In addition, the Blue Cross Blue Shield Association has licensed the Blue Cross brand in Puerto Rico and the Blue Cross Blue Shield brands in the U.S. Virgin Islands to Triple-S Management Corporation and Triple-S Salud, Inc.
Ramon M. Ruiz-Comas, President and Chief Executive Officer of Triple-S Management, stated, "We are pleased to welcome La Cruz Azul's 131,000 members to the Triple-S family and look forward to providing them with the same high quality...
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