Florida Blue parent company acquires New Directions
GuideWell Mutual Holding Corp., the parent company of Florida Blue, acquired New Directions Behavioral Health, a managed behavioral health organization headquartered in Kansas City.
GuideWell is currently a minority shareholder of New Directions. Through this transaction, GuideWell will acquire all interests from Blue Cross Blue Shield of Kansas City and Blue Cross Blue Shield of Michigan, a statement said.
New Directions will continue to operate as an independent company and retain all remaining owner plans as customers.
Terms of the transaction were not disclosed.