Announced
Financials
Tags
health insurance
Health Care Services
Acquisition
Domestic
Single Bidder
United States
Majority
Private
Pending
Friendly
Synopsis
Point32Health, a not-for-profit health and well-being company, agreed to acquire Health New England, a health insurance agency, from Baystate Health, a healthcare company. Financial terms were not disclosed. “Preserving and enhancing strong, high-quality, not-for-profit health plans is critical for Massachusetts health care. We are excited at the possibility of welcoming Health New England into the Point32Health family of companies. As two health plans that serve commercial, Medicaid and Medicare populations in Massachusetts, we have the shared commitment and expertise to serve people of all socioeconomic backgrounds, especially the underserved, and to improve members’ quality of life through programs and services that improve whole person health,” Cain A. Hayes, Point32Health President and CEO.
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