AXA sells health insurance broker to US private equity firms
Insurer AXA has entered into an agreement to sell its whole of market intermediary, The Health Insurance Group, to US private equity firms Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP).
Athenahealth CEO steps down as the company explores sale
Athenahealth's president and chief executive officer Jonathan Bush has stepped down with immediate effect and the company has initiated a process to explore strategic alternatives including a sale or merger.
DaVita sells Paladina Health to VC firm NEA
Healthcare services corporation DaVita has sold its primary care clinic business Paladina Health to venture capital firm New Enterprise Associates (NEA).
Sun Life buys employee benefits startup Maxwell Health
Sun Life Financial has acquired Boston-based Maxwell Health, a technology startup with a benefits administration platform and marketplace designed to simplify the task of buying health insurance and other employee benefits.
Anthem hires chief of Illinois healthcare and family services
Health insurer Anthem has appointed Felicia Norwood as executive vice president and president, government business division.
eHealth appoints new chief financial officer
Health insurance marketplace eHealth has appointed Derek Yung as new chief financial officer (CFO). He will oversee the company’s financial and accounting functions and report directly to CEO Scott Flanders.
WellCare strikes $2.5bn deal to buy Meridian Health Plans
Tampa-based WellCare Health Plans has entered into a definitive agreement to acquire Meridian Health Plans of Michigan and Illinois, and pharmacy benefit manager (PBM) MeridianRx for $2.5 billion in cash.
New York cardiologist sues Aetna over $1m unpaid claims
New York cardiologist Perry Frankel is suing health insurer Aetna for "breach of contract" with his practice, Advanced Cardiovascular Diagnostics (ACD), in a lawsuit filed on May 29, 2018.
Molina Healthcare hires new CFO following departure
Molina Healthcare has appointed Thomas Tran as its new chief financial officer and treasurer. He succeeds current CFO Joseph White, who has announced his plans to retire after 15 years with the company.
Risk Strategies acquires Corporate Benefit Audits
Risk Strategies, a national insurance brokerage and risk management firm, has acquired Corporate Benefit Audits (CBA), a firm providing claim outsourcing and audit services to the medical stop loss, managed care and self-funded industries.
