Health Alliance Plan, a subsidiary of Detroit-based Henry Ford Health, currently has 43,000 Medicaid members, according to a May 4 news release.
CareSource, a nonprofit managed care organization, has 2.3 million members across Medicaid, Medicare and individual products in seven states.
The transaction is expected to close in the third quarter of 2023 and is pending regulatory approval, according to the release.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.