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Member, Beacon International Group, Ltd.
Health Care Service Corp., the parent of Blue Cross and Blue Shield health plans in five states, is buying Trustmark Health Benefits, an administrator and designer of employer health benefits, for an undisclosed amount, Forbes reports. The agreement between HCSC and Trustco Holdings to buy its wholly owned subsidiary, Trustmark Health Benefits, comes during a period of renewed merger and acquisition activity among health insurers to expand their businesses.