WellPoint to acquire senior care provider

Indianapolis-based WellPoint Inc., the nation’s largest health benefits provider in terms of medical membership, announced today it has entered into an agreement to acquire CareMore, a senior focused health care delivery program.
CareMore, which is based in Cerritos, Calif., provides Medicare Advantage plans and clinics designed to deliver proactive, integrated individualized health care in select California, Arizona and Nevada markets.
Wellpoint, which is the licensee for Blue Cross Blue Shield of Wisconsin, said the acquisition exemplifies its strategic plans to capitalize on new opportunities for growth in the changing marketplace.
"The Medicare market is particularly significant for WellPoint’s growth strategy," said Angela Braly, chair, president and chief executive officer of WellPoint. "We anticipate that more than one million baby boomers will age into Medicare every year between now and 2030 across our 14 Blue states."