May 29, 2018 / 8:29 PM / 3 months ago

WellCare Health to buy Meridian for $2.5 bln

May 29 (Reuters) - Health insurer WellCare Health Plans Inc said on Tuesday it agreed to buy for-profit managed care company Meridian for $2.5 billion in cash.

Meridian is expected to generate more than $4.3 billion in total revenue in 2018, WellCare said in a statement. (Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)

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