WellPoint Buys CareMore In Reported $800M Deal

Law360, New York (June 8, 2011, 2:40 PM EDT) -- Blue Cross Blue Shield network benefits giant WellPoint Inc. said Wednesday it would buy CareMore, a privately held, senior-focused care provider, from CCMP Capital Advisors LLC in a deal reportedly valued at $800 million.

Indianapolis-based WellPoint did not disclose what it paid for the California-based business, but the New York Times reported the price through an unnamed source. Requests for comment were not immediately returned.

The acquisition, which comes just over two years after WellPoint sold its massive pharmacy benefit manager unit to Express Scripts Inc....
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