The approval is the final step in the nonprofit health insurer’s transition into a for-profit entity. Acquiring investors include Annapolis, Md.-based Anne Arundel Health System, Baltimore-based LifeBridge Health and JARS Health Investments.
The health plan has 24,000 members.
More articles on payer issues:
Cleveland Clinic, Oscar Health to offer co-branded health plan
Centene to enter ACA exchanges in 3 states
BCBS of Louisiana names CMO: 5 notes
