Triple-S to Acquire American Health, Inc.

Triple-S Management Corporation

today announced that Triple-S Salud, Inc. (Triple-S), its managed care subsidiary, has entered into a definitive agreement to acquire all of the outstanding capital stock of Socios Mayores en Salud Holdings, Inc. ("SMSH"), the parent company of American Health, Inc., a provider of Medicare Advantage (

) services to over 40,000 dual and non-dual eligible members in Puerto Rico. Triple-S will acquire SMSH, a privately owned company, for approximately $82.0 million in a transaction funded with unrestricted cash. For the twelve months ended December 31, 2010, American Health reported premium revenue of approximately $380 million. Triple-S expects the transaction to close on or before February 28, 2011 and be accretive to earnings this year.