HealthSpring, Inc. Completes $545.0M Acquisition of Bravo Health

HealthSpring, Inc. HS today announced that it has completed the previously announced acquisition of Bravo Health, Inc. and Medicare Part D stand-alone prescription drug plans in 43 states and the District of Columbia. HealthSpring acquired Bravo Health, a privately held company, for approximately $545.0 million in cash. The transaction was funded by the use of cash on hand and borrowings under an amended revolving credit and new term loan facility.