CareFirst BlueCross BlueShield Acquires University of Maryland Health Partners and University of Maryland Health Advantage
November 27, 2020
CareFirst BlueCross BlueShield has agreed to acquire University of Maryland Health Partners (UMHP) and University of Maryland Health Advantage (UMHA) from the University of Maryland Medical System (UMMS). The transaction brings UMMS’s Medicaid and Medicare Advantage plans into CareFirst’s not-for-profit structure to expand its presence in government-sponsored programs and ensure continued coverage for enrollees across Maryland.
- Buyers
- CareFirst BlueCross BlueShield
- Targets
- University of Maryland Health Partners, University of Maryland Health Advantage
- Sellers
- University of Maryland Medical System
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Transaction Type
- Divestiture
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