Blue Cross Blue Shield of Michigan has agreed to sell its AF Group subsidiary to Enstar Group, a global insurance and reinsurance group, the companies said Feb. 13. AF Group is a national provider of workers’ compensation and specialty insurance…
M&A
Humana is in talks with Sarasota, Fla.-based MaxHealth — a primary care network and platform focused on adults and seniors — regarding an acquisition, Bloomberg reported Feb. 12. According to Bloomberg sources, MaxHealth, owned by private equity firm Arsenal Capital…
Honolulu-based Hawaii Pacific Health, which is seeking to affiliate with Blue Cross Blue Shield licensee Hawaii Medical Service Association under a new nonprofit parent organization, reported an operating loss of $13.6 million (-1.3% operating margin), through the second quarter of…
Oakland, Calif.-based Kaiser Permanente and Reno, Nev.-based Renown Health have finalized a joint venture to launch a new outpatient care delivery system and co-own a health plan in northern Nevada. Five things to know: 1. Hometown Health, the health plan…
The new year started off strong with a handful of payer mergers and acquisitions, often known as affiliations for nonprofits. Here are five M&A moves so far: 1. North Dakota regulators approved an affiliation between BCBS North Dakota and Cambia…
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North Dakota regulators signed off on an affiliation between BCBS North Dakota and Cambia Health Solutions Jan. 23, a news release said. The affiliation is set to take effect Feb. 1. “Reaching this milestone puts us one step closer to…
As Blue Cross Blue Shield licensee Hawaii Medical Service Association and Honolulu-based Hawaii Pacific Health prepare to form One Health Hawaii, they are going under the microscope. A Jan. 13 informational briefing run by Hawaii’s House and Senate committees on…
Blue Cross Blue Shield licensee Hawaii Medical Service Association and Honolulu-based Hawaii Pacific Health are coming together under a new nonprofit parent organization, One Health Hawaii, the organizations confirmed in a Jan. 7 news conference recorded by Hawaii News Now.…
Insurer Fallon Health will join Somerville-based Mass General Brigham Health Plan, according to a Jan. 8 joint statement. “This reflects the outcome of Fallon Health’s thoughtful and intentional process to identify a long-term partner aligned with its mission and strategic…
The Council for Affordable Quality Healthcare is transitioning away from its nonprofit structure, sharing how the country’s biggest health insurance companies are now serving as owners, according to a Jan. 6 news release. CAQH was originally founded by a coalition…