Several major payer acquisitions have closed or were announced in 2025. 19 deals to note: Blue Cross and Blue Shield of Kansas City (Mo.) and Highmark shared plans to affiliate, while the local Blues plan will keep its brand and…
M&A
Blue Cross and Blue Shield of Kansas City (Mo.) and Highmark are affiliating. While this is far from Highmark’s first affiliation agreement, there is not a one-size-fits-all blueprint. Four leaders from the organizations spoke with Becker’s about how the arrangement…
Blue Cross and Blue Shield of Kansas City (Mo.) and Highmark, both nonprofit independent licensees of Blue Cross Blue Shield, are planning to affiliate, according to a Dec. 11 news release. Blue KC will retain its local leadership and headquarters…
UnitedHealth Group is selling its last South American business, Banmedica, to Brazilian private equity firm Patria Investments for $1 billion, CNBC reported Nov. 30. Banmedica operates in Colombia and Chile and includes 1.7 million health insurance members, seven hospitals and…
Cobalt Health Solutions, a subsidiary of Blue Cross and Blue Shield of Kansas City (Mo.), is selling Cobalt MedPlans to MDI NetworX, according to a Nov. 24 news release. Cobalt MedPlans offers administrative services to payers, assisting a variety of…
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UnitedHealth Group has purchased a four-story, 79,000 square foot medical office building in Henderson, Nevada. The $46.1 million building houses Optum Nevada’s new Cactus Healthcare Center and marks the largest medical office transaction in the Las Vegas market this year,…
“Affiliation” is a buzzword in insurer partnerships. It may seem ambiguous, but this is a standard term for nonprofit M&A-type activity. A CareSource spokesperson told Becker’s that the nonprofit does not always use the term “acquisition,” instead calling an agreement…
Independent Health plans to join fellow nonprofit insurer MVP Health Care, according to a Nov. 18 news release. Together, the organizations would encompass more than 1 million members, $7 billion in annual revenue and more than 3,000 employees. “Joining the…
Medica plans to purchase certain contracts and assets from UCare as the latter’s legacy business winds down operations next year, the two companies said Nov. 17. “We have the opportunity to build upon both Medica’s strengths and UCare’s legacy, allowing…
Cambia Health Solutions and Blue Cross and Blue Shield of Arkansas have signed a definitive agreement to form a strategic affiliation. Under the agreement, Arkansas Blue Cross will continue to operate as an Arkansas-based health insurance company, maintaining its local…