Florida Blue and GuideWell CEO Pat Geraghty plans to retire at the end of 2025.
Mr. Geraghty has led Florida Blue and parent company GuideWell since 2011. During his tenure, GuideWell’s revenue grew from $8 billion to $32 billion, according to a March 31 news release.
GuideWell comprises Florida Blue and Triple-S Management, the BCBS plan in Puerto Rico, and GuideWell Health, a care delivery organization with nearly 100 medical centers.
Mr. Geraghty oversaw acquisitions that diversified the company’s portfolio and geographic reach, according to the news release. In 2022, the company acquired Triple-S Management for $900 million.
Prior to leading Florida Blue, Mr. Geraghty was CEO of Blue Cross Blue Shield of Minnesota, according to his LinkedIn profile. He also currently serves as board chair of AHIP, the trade association representing insurers.
Florida Blue will conduct a national search for its next CEO, according to the release.
Mr. Geraghty is the third BCBS CEO to announce plans to retire at the end of 2025. Gregory Deavens, CEO of Independence Health Group, and Don George, CEO of BCBS Vermont, have both said they plan to retire at the end of 2025.