HealthSpring (HS) says it will acquire privately held Bravo Health, a Medicare plan operator,...

|By:, SA News Editor

HealthSpring (HS) says it will acquire privately held Bravo Health, a Medicare plan operator, for $545M to expand into the Philadelphia market. JPMorgan (JPM) and other banks will put up $400M in cash to fund the deal, which HealthSpring expects will add $0.45-0.55 to its EPS in 2011.