The retail giant Rogers is acquiring health insurance in the Southern part of the country, including the states of Alabama, Mississippi, Louisiana, Tennessee and Texas.
The acquisition will take place in two phases: The company said on Tuesday that it plans to buy insurance from several Southern carriers, including Caremark, in the second phase.
The deal comes after Rogers launched a major effort to expand its health insurance portfolio, which includes health plans from Blue Cross Blue Shield of Louisiana, Humana and United Healthcare.
The company also bought health plans in Arizona, California, Georgia, Louisiana and Missouri.
“We are continuing to invest in expanding our coverage footprint in the Southeastern United States,” said Rogers CEO John Bailenson.
“This acquisition is an important step towards doing just that.”
The deal follows a similar deal announced in June, when Rogers bought insurance from Blue Shield BlueCross BlueShield of Georgia.
Rogers said that it was the first of its kind in the region.
“Rogers has been a leading provider of health insurance to its customers since 2002 and has a long history of providing high-quality health care to our customers,” Bailensen said in a statement.
“We are very excited to be a part of this important new chapter for Rogers, and look forward to expanding our business and bringing more quality care to the people of Alabama and our customers across the Southerland.”
The Rogers deal comes just weeks after it agreed to buy health insurance for more than 400,000 customers in Alabama.
The company said it will spend up to $1 billion on the acquisition.