Managed care company Paramount Advantage said it will end its legal dispute over Ohio's $22 billion Medicaid bidding process if the state approves a deal for Anthem to buy the payer's state contract, according to the Ohio Capital Journal.
Paramount Advantage sought to overturn the state's most recent Medicaid contract award in court after losing out on the opportunity, but the court ruled against the motion in November 2021, according to The Columbus Dispatch.
The payer can still appeal the decision to keep the legal battle ongoing, but said it would end the conflict if regulators allow Anthem to purchase Paramount Advantage's current Medicaid contract.
"Ensuring quality care for members and minimizing local job losses have been top priorities for Paramount since we learned that we had not been awarded a contract for the Ohio Department of Medicaid's new managed care program, which starts on July 1, 2022," Paramount told the Journal. "Entering into this agreement with Anthem will help address concerns related to these top priorities. And, if the transaction closes as planned, Paramount will not pursue further legal action against ODM."