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GuideWell to Acquire Triple-S Management in Combination to Drive Health Care Affordability and Improve Health Outcomes in Florida and Puerto Rico


Read the press release Transaction Infographic

A Message from GuideWell and Florida Blue President and CEO Pat Geraghty

A Message from Triple-S President and CEO Roberto Garcia-Rodriguez

GuideWell Mutual Holding Corporation (“GuideWell”), a health solutions company and parent of Blue Cross and Blue Shield of Florida, Inc. (“Florida Blue”), and Triple-S Management Corporation (“Triple-S”) (NYSE: GTS) will combine to transform the health care experience for their members in Florida and Puerto Rico.

The combination brings together industry leaders – and builds on the companies’ complementary assets, cultures and strategic visions. The transaction expands GuideWell’s core insurance operations and positions Florida Blue and Triple-S for significant growth and meaningful value creation for their customers and communities. Together, the companies will be positioned to drive improved health outcomes, affordability, access and health equity.

Compelling Strategic Benefits

Builds on deep local expertise to address the unique needs of Florida Blue’s and Triple-S's diverse customers

Accelerates GuideWell’s and Triple-S’s diversification and growth

Addresses affordability and enables continued investment in accessible, effective health solutions

Drives immediate accretion and propels long-term growth through scale advantages

Mission-Driven, Community-Focused Teams

We are committed to supporting community well-being and fully aligned in our...

Goal of ensuring everyone has access to high-quality and affordable care

Locally focused approach

Belief that the best way to address the unique needs of our customers and communities is through embracing their differences and tailoring our approaches to support them

Commitment to improving key drivers of health

“The transaction expands GuideWell’s core insurance operations and positions Florida Blue and Triple-S Management for significant growth and meaningful value creation for the customers and communities we serve. Florida Blue and Triple-S Management are both recognized for their high-quality, affordable health care and their actions deeply rooted in supporting community well-being. With Puerto Rico’s outlook strengthening, and Florida experiencing fast-paced growth, especially in its Hispanic population, this is a natural next step.”

Pat Geraghty
Pat Geraghty
GuideWell and Florida Blue president and CEO

“Uniting our mission-driven, community-focused teams is a great outcome for our companies, as well as for Puerto Rico and Florida, and our shareholders. We have long admired Florida Blue’s locally focused approach to care, and we share their respect for the uniqueness of every community served. By partnering with a strong organization that shares our mission and approach, we will be well positioned to achieve our strategic goals, expand access and improve health care outcomes for all our members. The transaction is also clearly in the best interests of our shareholders, given the strategic fit, the significant premium to our current share price and resulting shareholder liquidity.”

Roberto Garcia-Rodriguez
Roberto Garcia-Rodriguez
Triple-S President and CEO

Press Releases

August 24, 2021

GuideWell to Acquire Triple-S Management in Combination Designed to Drive Health Care Affordability and Improve Health Outcomes in Florida and Puerto Rico

Filings

Media

A Message from GuideWell and Florida Blue President and CEO Pat Geraghty

A Message from Triple-S President and CEO Roberto Garcia-Rodriguez - English

A Message from Triple-S President and CEO Roberto Garcia-Rodriguez - Spanish

GuideWell B-Roll

Triple-S B-Roll

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