HCSC Buying TMG Health
Health Care Service Corp., operator of Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, has agreed to acquire TMG Health, a King of Prussia, Pa.-based provider of business process outsourcing for Medicare, Medicaid and group retiree health plans. No financial terms were disclosed. TMG Health had raised over $4 million in VC funding from NewSpring Capital and SCP Private Equity Partners.
23 October 2008•2 mins read
