Triple-S Management Corporation Completes Acquisition of La Cruz Azul de Puerto ... ( Unified Blue Cross Blue Shie...)

Triple-S Management Corporation Completes Acquisition of La Cruz Azul de Puerto Rico, Inc.

Date:7/1/2009

Unified Blue Cross Blue Shield Brand Strengthens Competitive Position

in Puerto Rico and the U.S. Virgin Islands

SAN JUAN, Puerto Rico, July 1 /PRNewswire-FirstCall/ -- Triple-S Management Corporation (NYSE: GTS) today announced that Triple-S Salud, Inc., its managed care subsidiary, has completed the purchase and integration of certain managed care assets of La Cruz Azul de Puerto Rico, Inc. for approximately $10.5 million in cash. In addition, the Blue Cross Blue Shield Association has licensed the Blue Cross brand in Puerto Rico and the Blue Cross Blue Shield brands in the U.S. Virgin Islands to Triple-S Management Corporation and Triple-S Salud, Inc.

Ramon M. Ruiz-Comas, President and Chief Executive Officer of Triple-S Management, stated, "We are pleased to welcome La Cruz Azul's 131,000 members to the Triple-S family and look forward to providing them with the same high quality of care that has become our hallmark over the last 50 years. As of the closing today, all members have been transferred to Triple-S and they have received their new membership cards. Since the acquired business has already been fully integrated, we continue to anticipate that this transaction will be accretive on a rolling 12-month basis and slightly additive to 2009 earnings per share."

Ruiz-Comas added, "This acquisition confirms our disciplined strategy of extending our market leadership in Puerto Rico, fortifying our commercial business, enhancing our efficiency by leveraging our strong infrastructure, and creating long-term value for our shareholders and our customers. Consolidating the Blue Cross Blue Shield brands under our company not only creates great value but also provides full access to all of our members."

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