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Article: Blue Cross and Blue Shield's Companion acquires three companies.
- Article from:
- Business Wire
- Article date:
- July 16, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMBIA, S.C.--(BUSINESS WIRE)--July 16, 1996--Blue Cross and Blue Shield of South Carolina announced today a new joint venture with the Carolina HealthChoice Network, a group of hospitals, physicians and other medical professionals across central South Carolina, which will expand consumer healthcare choice.
Blue Cross has sold 49% of its stock in its subsidiary, HMO Blue, to the Network. The value of the transaction was not disclosed.
"This is the first partnership of its kind in South Carolina," said Ed Sellers, Blue Cross president and chief executive officer. The delivery and financing of healthcare is changing rapidly all over the nation and South ...