Meridian Sells to WellCare Health Plans for $2.5 Billion

WellCare Health Plans, Inc. (NYSE: WCG) struck a deal to acquire privately held Meridian, which operates Medicaid plans in Illinois and Michigan, as well as MeridianRx, a pharmacy benefit manager (PBM). The all-cash price is $2.5 billion. Meridian expects to generate more than $4.3 billion in total revenue in 2018. Through its subsidiaries, Meridian Health Plan of […]