Datapoint: Baystate to Sell Health Plan to Point32Health
Springfield, Mass.-based Baystate Health will sell its insurance subsidiary, Health New England, to fellow integrated system Point32Health, according to a Feb. 15 press release. The deal would grow Point32Health’s membership by 11%, to more than 1.7 million lives. “We are excited at the possibility of welcoming Health New England into the Point32Health family of companies,” Cain A. Hayes, president and CEO of Point32Health, said in a statement. “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.” Point32Health is currently the second-largest insurer in its home state, behind Blue Cross Blue Shield of Massachusetts.
Source: AIS’s Directory of Health Plans
