M&A Deal Summary

Blue Cross Blue Shield Association Acquires Steward Health Choice Arizona

On November 7, 2019, Blue Cross Blue Shield Association acquired insurance company Steward Health Choice Arizona from Steward Health Care

Acquisition Highlights
  • This is Blue Cross Blue Shield Association’s 1st transaction in the Insurance sector.
  • This is Blue Cross Blue Shield Association’s 3rd transaction in the United States.
  • This is Blue Cross Blue Shield Association’s 1st transaction in Arizona.

M&A Deal Summary

Date 2019-11-07
Target Steward Health Choice Arizona
Sector Insurance
Buyer(s) Blue Cross Blue Shield Association
Sellers(s) Steward Health Care
Deal Type Divestiture

Target

Steward Health Choice Arizona

Phoenix, Arizona, United States
Steward Health Choice Arizona is a managed care health plan that provides health care to people in Arizona's Medicaid Program, Arizona Health Care Cost Containment System (AHCCCS). Steward Health Choice Arizona was formed in 1990 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Blue Cross Blue Shield Association

Chicago, Illinois, United States

Category Company
Sector Insurance
DESCRIPTION
Blue Cross Blue Shield's corporate headquarters on Michigan Avenue in Chicago, Illinois.
Blue Cross Blue Shield's corporate headquarters on Michigan Avenue in Chicago, Illinois.

The Blue Cross Blue Shield Association is a federation of 37 separate health insurance organizations and companies in the United States.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Onlife Health

Brentwood, Tennessee, United States

Onlife Health brings end-to-end simplicity to population health and wellness, connecting and integrating people, technology, and benefit design through our user-friendly engagement platform to guide members to the next right thing to do in their health care journey.

Sell -

Seller(S) 1

SELLER

Steward Health Care

Dallas, Texas, United States

Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Steward Health Care is the largest private, tax-paying physician-led health care network that operates 37 hospitals in the United States and the country of Malta that regularly receive top awards for quality and safety. Steward Health Care was founded in 2010 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 5
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 IASIS Healthcare

Franklin, Tennessee, United States

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Steward Health Care - Five Utah Hospitals

Dallas, Texas, United States

Steward Health Care’s five Utah hospitals provide healthcare services in Arizona, Texas, Arkansas, Louisiana, Florida, Ohio, Pennsylvania, and Massachusetts.

Sell -