Datapoint: SCAN, CareOregon Nix Merger Plans

More than a year after unveiling their intent to form HealthRight Group, SCAN Group and CareOregon have abandoned their plans to combine. According to news reports, the parties called off their proposed combination on Feb. 13 after the Oregon Health Authority twice delayed offering a recommendation on whether to approve the deal, which would have created a $6.8 billion Medicaid and Medicare Advantage insurer. “Our intent in coming together was to support Oregon’s healthcare system and the people that CareOregon serves,” said SCAN, the parent company of Medicare Advantage insurer SCAN Health Plan. However, despite our efforts, there are still questions about our combination. As a result, SCAN Group and CareOregon have mutually agreed to withdraw our applications with the Oregon regulatory agencies and to terminate our affiliation agreement.” The combined insurer would have served 845,539 lives.

Source: AIS’s Directory of Health Plans

0

0

0 Comments

0

0

• Datapoint