Blue Cross Parent Buys Medval Consulting Firm

A subsidiary of Blue Cross and Blue Shield of Kansas City has purchased Medicare set-aside consulting firm Medval, according to a press release from the consultants who handled the transaction. Bailey Southwell & Co. said Cobalt Ventures, the for-profit holding company of Blue Cross and Blue Shield Kansas City, has purchased Maryland-based Medval for undisclosed terms. Medval provides Medicare Secondary Payer Act compliance services for employers, and workers' compensation and liability insurers. Cobalt Ventures provides health insurance, claims processing, wellness programs...