Elevance Health Acquires Blue Cross and Blue Shield of Louisiana
Elevance Health has acquired Blue Cross and Blue Shield of Louisiana (BCBSLA), which will join Elevance Health’s affiliated Anthem Blue Cross Blue Shield family of brands. Terms of the deal were not disclosed. BCBSLA is the biggest provider of health insurance in Louisiana, serving more than 1.9 million members. Formerly Anthem, Inc., Elevance Health’s companies serve more than 119 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical and complex care solutions. According to data captured in the LevinPro HC database, this transaction marks the third Managed Care transaction of 2023. There were 43 Managed Care deals reported in... Read More »
UnitedHealth Group Posts $4.9 Billion Profit in Q4:22 Earnings
UnitedHealth Group (NYSE: UNH) announced its financial results for the fourth quarter ended December 31, 2022. The company offers products through two business platforms: UnitedHealthcare, which provides healthcare coverage and benefits services; and Optum, a pharmacy benefit manager and health care provider. UnitedHealth Group recorded double-digit percentage growth in revenue year over year across UnitedHealthcare and Optum, driven primarily by both lines of businesses expanding to provide more comprehensive care to a larger base of people across the U.S. The Minnetonka, Minnesota-based company reported: A 12.3% increase in net revenue from $73.7 billion in Q4:21 to $82.8 billion in... Read More »
Sentara Healthcare Acquires AvMed Health Plan
Sentara Healthcare, a Norfolk, Virginia-based nonprofit healthcare system, has acquired nonprofit health plan AvMed for an undisclosed price. AvMed is based in Miami with regional offices in Fort Lauderdale and Gainesville, Florida. It has more than 200,000 health plan members and nearly 500 employees. More than 35,000 health care providers are in its network. Sentara Healthcare operates more than 100 sites of care, including 12 hospitals, four medical groups and multiple imaging centers throughout Virginia and northeastern North Carolina. The company’s Sentara Health Plans division has more than 1.2 million members. According to data captured in the LevinPro HC database, this marks... Read More »
PCF Insurance Services Enters Wisconsin Market With Milz Health Group Acquisition
PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, has acquired Milwaukee-based Milz Health Group, marking its entrance in the Wisconsin market. Milz Health Group is a full-service health insurance agency providing coverage to Wisconsin Medicare-eligible individuals and coverage through the Affordable Care Act. PCF Insurance Services is a full-service consultant and insurance brokerage firm offering commercial, life and health, employee benefits and workers’ compensation solutions. It employs more than 2,000 people across the country. According to the LevinPro HC database, this marks the 40th Managed Care transaction year-to-date. This compares with 45 Managed Care... Read More »
Servca Group Acquires Managed Care Organization Medicas
Servca Group acquired managed care company Medicas in a deal featuring two London-based companies. The financial terms of the transaction were not disclosed. Medicas works with clients in handling complaints, defending and paying claims and crisis management, including guaranteeing insurance renewal following a claim/complaint to ensure continuity. An independent Lloyd’s of London broker, Servca is an international insurance intermediary specializing in non-standard medical, financial and professional lines of insurance. It was founded in 2011. According to the LevinPro HC database, this was the 39th Managed Care transaction of 2022. That compares with 43 Managed Care deals recorded... Read More »Schedule a demo
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