Blue Cross of Michigan, Vermont cleared for no-cash acquisition crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
The Blues announced this week it plans to acquire Blue Cross Blue Shield of Vermont in a deal where no cash exchanges hands, but the Vermont plan becomes a subsidiary of BCBSM under the proposed deal.
The Blue Cross and Blue Shield companies in Michigan and Vermont are the latest nonprofit insurers seeking competitive advantages against for-profit rivals.