Managed Care Consolidation in Minnesota

Managed Care Consolidation in Minnesota

Even as Minnetonka, Minnesota-based UnitedHealth Group (NYSE: UNH) reported larger-than-expected losses in its health-exchange segment in the fourth quarter, a smaller Minnesota managed care company found relief from its own health exchange losses. PreferredOne, based in Golden Valley, was acquired by Fairview Health Services in Minneapolis for an undisclosed price. Fairview is a not-for-profit, integrated health system that has partnered with the University of Minnesota. PreferredOne serves more than 1,500 employers and 285,000 members. The company enjoyed dramatic growth in the first year that the state’s healthcare exchange, MNsure, opened, but it was forced to drop out in 2015... Read More »