Froedtert Health Acquires Ascension Wisconsin’s Stake in Network Health
Froedtert Health announced on October 3 that it is acquiring the remaining 50% stake in Network Health from Ascension Wisconsin. According to data captured in the LevinPro HC database, this transaction is the 21st Managed Care acquisition of 2023. Based in Menasha, Wisconsin, Network Health offers customized commercial and Medicare health insurance plans for employers, individuals and families in 23 counties throughout Wisconsin. Froedtert Health is part of the Froedtert & the Medical College of Wisconsin regional health network. It includes five hospitals, a community hospital with two locations, more than 2,000 physicians and more than 45 health centers and clinics. ... Read More »
Vālenz Health Acquires KISx Card
Phoenix, Arizona-based Vālenz Health announced on September 18 that it acquired KISx Card, LLC, a Managed Care organization. KISx Card focuses on high-cost/low-incidence surgeries within orthopedics, general surgery, colonoscopies and major imaging. Its direct provider “non-network” is built on a bundled price model with a quick payment turnaround time to the facility, surgeon and anesthesiologist. It is based in Mechanicsburg, Pennsylvania. Vālenz Health simplifies self-insurance by offering an end-to-end healthcare ecosystem optimization platform that manages the cost and quality of care for employers and their members. Valenz engages to optimize healthcare for... Read More »
Q2:23 Thematic Earnings Roundup
This earnings season has provided us with insights into how various publicly traded healthcare companies are navigating the current landscape. Let’s delve into the trends and outcomes that defined the second quarter of 2023. The Home Health & Hospice Market: The Erosion of Medicare Fee-For-Service The Home Health & Hospice (HH&H) market has been volatile of late, with companies like Amedisys Inc. (NASDAQ: AMED) reporting a significant shortfall in earnings and a decline in revenue compared to the same period last year. Amedisys reported a financial loss in the second quarter of $80.3 million, after reporting a profit in the same 2022 period. A significant portion of this... Read More »
MyPlanAdvocate Acquires Eversurance
MyPlanAdvocate (MPA) announced its acquisition of Eversurance. Eversurance (formerly Crosspointe) is a provider of personalized insurance based in Cambridge, Massachusetts. It is focused on providing health and Medicine insurance products. A portfolio company of private equity firm Adir Ventures, MPA is a National Medicare Agency with a team of licensed and certified agents dedicated to advocating on behalf of its customers. This acquisition will allow MPA to expand into the under-65 health insurance market. The financial terms were not disclosed. According to data captured in the LevinPro HC database, this transaction is the 17th Managed Care acquisition of... Read More »
Dr. Amar Desai to Lead Optum Health as New CEO
After less than six months in his role as president of health care delivery at CVS Health, Dr. Amar Desai is returning to UnitedHealth Group as the new CEO of Optum Health. The shift in leadership comes as Optum Health is growing its presence in the home health and hospice market. The company recently acquired two of the largest providers in the space – LHC Group and Amedisys Inc. – with price tags of $6 billion and more than $3.7 billion, respectively. In his role as Optum’s CEO, Dr. Desai will oversee operations of the company’s nearly 135,000 employees that provide home health, hospice and other services to 103 million patients nationwide. “I am looking forward to working with our... Read More »Schedule a demo
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