United States

Triple-S Management says unit entered into master services agreement with Optuminsight

Wednesday, 30 Aug 2017 04:52pm EDT 

Aug 30 (Reuters) - Triple-s Management Corp ::Triple-S Management Corp - unit entered into a master services agreement with Optuminsight Inc - sec filing.Triple-S Management - agreement will be effective as of August 31, 2017 and shall have an initial term of ten years.Triple-S Management - Triple-s has right to extend term of agreement for two additional one year terms.Triple-S Management - ‍in event triple-s terminates agreement, Triple-S shall pay optum termination fee that fluctuates between $250,000 and $11.25 million.Triple-S Management-as compensation for services provided under agreement, triple-s expects to pay optum about $260 million during initial ten year term of agreement.Triple-S Management-expects certain employees of its data processing services affiliate, Interactive Systems Inc., will become employees of optum. 

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