PHILADELPHIA, December 8, 2011: Diversified Service Options (DSO), a wholly-owned subsidiary of Blue Cross and Blue Shield of Florida Inc. and the holding company for First Coast Service Options (FCSO), today announced its agreement to acquire Highmark Medicare Services Inc. (HMS), a subsidiary of Highmark Inc. of Pittsburgh, Pa. Both HMS and FCSO will continue to operate as separate, independent organizations, as wholly-owned DSO subsidiaries. Combined, they will serve Medicare beneficiaries in five states, two U.S. territories, and the District of Columbia.
Morgan Lewis advised DSO on the transaction. The deal team was led by partner Timothy Maxwell, aided by associate Jason Acevedo, along with partner Michael Pillion, as well as associates Robert Brown and Megan Gatto.
For more information about the transaction, please see the company's press release.