SMSH is the parent company of American Health, a provider of Medicare Advantage services to over 40,000 dual and non-dual eligible members in Puerto Rico.
Triple-S Management president and CEO Ramon Ruiz-Comas said the acquisition positions the company for continued growth in the Medicare Advantage segment and is part of its long-term business strategy.
"We expect SMSH to contribute approximately $0.15 to $0.20 cents to our diluted earnings per share, considering a preliminary estimate of intangible assets amortization expense ranging from $10 to $13m," Ruiz-Comas said.